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All Posts Term: Ethereum
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The Volatile Price Of Bitcoin

love-bitcoin-tshirt-idea

The price of Bitcoin continues to grow, and it recently hit values over $16,000. The cryptocurrency's values nearly doubled over the last two weeks. Institutional war chests are probably doing most of the movement at this point, considering that the market cap now reached nearly $300 billion. This raises the stakes for traders to new heights.

Different exchanges have been citing different prices over that time period. While everyone had the price of Bitcoin pegged at around $8,000 just 14 days ago, the Coinbase GDAX exchange approached the $19,000 mark. Most other exchanges had the price of Bitcoin positioned at a much lower value. These drastic differences are making it difficult to predict market fluctuations with any degree of certainty.

To Bitcoin Or Not To Litecoin

Litecoin

There are three different crypto currencies that are capturing the attention of the world. Determining which is the best is a common activity. Understanding just a little about each can help determine which is the best for you.

Bitcoin
It is the oldest of the crypto currencies. It is also the most common of the three crypto currencies. It is the only one that is currently being accepted as payment in everyday commerce transactions either online or in brick and mortar locations. It has a limited supply of 21 million bitcoins. The current amount of bitcoins in circulation is approximately 16.70 million bitcoins.

Litecoin
Litecoin closely resembles Bitcoin. It was created to be the alternative for Bitcoin. Litecoin's mining system is less complicated than that of Bitcoin. The result is quicker confirmation time of 2 1/2 minutes compared to the 5 minutes it takes for a Bitcoin confirmation. There is a limited supply of 84 million Litecoins of which 53.99 are in circulation.

Ethereum: The Future Of Credit?

Ethereum

Ethereum may represent the future of credit, according to the cryptocurrency's founder Vitalik Buterin.

Like most other cryptos, Ethereum is based on the blockchain, a system that allows the currency to be hack-proof while simultaneously allowing every coin to be traced back to its origin point. This provides a level of secure transparency that Buterin believes can revolutionize security and economics.

The biggest stumbling block at present is the speed at which crypto transactions are processed. Bitcoin, the most well known cryptocurrency, processes about three transactions per second, while Ethereum is a little faster at five. Uber provides 12 rides a second, suggesting that cryptocurrencies need to process transactions much faster for large-scale commercial applications.

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