Can ether dominate bitcoin?
“ETHER” is the cryptocurrency of the Ethereum network, a decentralized and open source cryptocurrency on which developers can build applications and other cryptocurrencies based on it.
Ether is the second largest cryptocurrency by market capitalization after Bitcoin, and has seen a sharp rise since its inception in 2013, reaching nearly $3,900 per coin, according to the latest data on the Coin Market Cap website.
What is the difference between bitcoin and ether?
1- Bitcoin and ether trading does not require an intermediary, because the trading process is based on the so-called system that allows individuals to trade among themselves without the need for banks.
This system is built on modern technology referred to as "blockchains", which are records stored on the Internet that are checked and logged by a decentralized network of computers, known as auditors.
2- Ether is faster than Bitcoin during its trading, as it only takes a few minutes to trade, unlike Bitcoin, which may take more than an hour sometimes.
3- Bitcoin, it was designed as a cryptocurrency that is dealt electronically, while Ethereum was designed to be a multi-use platform, one of these uses is electronic trading through the “Ether” currency, in addition to building decentralized applications and smart contracts, which is one of the most important uses Ethereum platform.
4- Bitcoin is still the highest in terms of price and market value of capital, while Ethereum comes in second place after Bitcoin in terms of capital market value.
The question that comes to mind now, given the constant fluctuations in cryptocurrency prices:
Will Bitcoin continue to dominate the rest of the cryptocurrency, or will the Ether overtake it?
This is what the days, or perhaps the coming years, will reveal.