Ethereum vs Bitcoin - A beginners guide to investing Video Lecture | Cryptocurrency Fundamentals: Buy, Sell and Trade Cryptocurrency - Business Basics

Cryptocurrency is a digital or virtual
currency that serves as a medium of
exchange and uses cryptography to make
transactions more protected. Through the
use of blockchain technology, crypto
transactions are decentralized by nature,
as compared to the centralized banking
system that we are all familiar with.
There are many cryptocurrencies created
everyday but most of them do not survive.
Bitcoin and Ether are the most
popular cryptocurrency based on market cap.
Bitcoin, the leading cryptocurrency,
is a decentralized and transparent
digital ledger that records all
transactions made with Bitcoin.
The main benefit of using Bitcoin is that you can
transact anonymously and aren't subject
to excessive transaction fees. This is
thanks to the decentralized nature of Bitcoin.
The second popular one is Ethereum.
Ethereum is a fully functional
platform that facilitates smart
contracts, a binding and a self-executing
agreement between two parties.
While Bitcoin has a limited ability to execute scripts,
Ethereum includes a full-featured virtual machine capable of running complex applications.
The difference between the two is
Bitcoin was meant as a replacement
of fiat currencies and
it performs the same functions as they do.
While on the other hand,
Ethereum was designed specifically
for running decentralized applications.
While you can use it as a store of value,
an investment and a mean of making payments.
In conclusion, if Bitcoin were
to disappear tomorrow, people will lose a
huge sum of money but if Ethereum were
to disappear, it would far more adversely
affect the rest of the world.