Ethereum – Today’s Most Accepted Cryptocurrency
After the rising popularity of Bitcoins, other forms of cryptocurrencies were gradually introduced. Amongst them, Ethereum or Ether is one of the most successful digital currencies. It was introduced in the year 2013 and it hit the reality world after a year in 2014. Like most other cryptocurrencies it helps you to make private financial transactions, savings of your wallet and involves less regulation. It was branded as an alternative form of Bitcoin, they share quite a number of features. Due to this similarity, it became a hit amongst the casino gamers. And today the Ethereum coins are one of the most popular alternative currencies.
Reason behind its popularity
The fact that Ether coins have a wide range of application makes them well-accepted worldwide. It is just perfect for those who look for safe and secured financial transactions. Since, its transaction time is very short, it is just ideal in case of emergencies. The privacy feature of this digital currency is also one of the prime reasons behind its wide acceptance. While conducting any transaction with Ether either in any Ethereum casino or anywhere else, you don’t need to reveal any of your personal data. You have the freedom of engaging this crypto coin in any kind of financial transaction and nobody will ask you what you are using it for. This paperless method lets you do away with all the hassles of documentation. So, if you are one of those who is not interested to share their personal data with anyone else then this is the best way you can adopt.
The Major Differences
When you have to choose between Bitcoin and Ethereum then knowing the difference is very important. Some of the major differences are:
- The average block time – In case of Bitcoinm it is 10 minutes but for Ethereum it is only12 seconds.
- Money supply – About two-third of the Bitcoins have already been mined till date but for Ethereum, only half of it is expected to be minded by the 5th year of its existence.
- The transaction cost – The transaction cost of Ethereum is termed as “gas” and the quantity of gas required depends on the storage need, bandwidth usage and complexity. It is different for Bitcoin.
- Difference in coding – Turing-complete code that lets you calculate with sufficient time and power is the feature of Ethereum while the case is not same with Bitcoins.
Future of Ethereum
Since, Ethereum is at its infancy stage, it acts as an advantage of using it. There are chances of it being still developed in the near future. NXT has taken the responsibility to come up with a lot more improvements and changes in this digital coin. Ether coins are easier to use in a huge number of transactions. It has a lot of potential compared to other crypto coins and the developers are giving a lot of effort to make it the leader in the industry of digital currency. If you are still not very sure about its potential then you should try playing in an Ethereum casino. If you find it comfortable then you can continue using this coin.