Ethereum is used for smart contracts, while Ripple is touted as a new kind of payment system for banks.
Source: www.qz.com
Photo: www.pixabay.com
Bitcoin Quickly Loses Market Share
Bitcoin began to lose crypto market share to other digital currencies, since a number of competitors appeared on the market like Ethereum, Litecoin and Ripple.
While a number of new digital currencies witness a rapid growth of their value, Bitcoin has begun to lose market share. According to Quartz, Bitcoin made up 87% of the crypto market one year ago. Now, this rate is only 36%. Reason of this quick fall might be that other digital currencies are easier to use and they are safer for business.
