Bitcoin is money, Ethereum is empowerment. Since 2013 altcoin after altcoin has tried and failed to replace Bitcoin as the number one cryptocurrency on the market.
It is fascinating how Bitcoin persists even though other coins may be faster, cheaper to move, or even arguably more secure. One lesson from all of this is the best technology is not always the most widely used technology.
Altcoins launched, many of which strived to replace Bitcoin, and then came Ethereum and all the rules changed. When Bitcoin was gaining popularity in mid-2013, many discussions started to focus on smart contracts and how they would one day replace attorneys.
In the United States where litigation and fear of litigation is a way of life, the possibilities of reducing the need for third parties to enforce legal contracts is an incredibly appealing idea. But as we can all see, smart contracts can do more than just replace legal documents.
In the world of cryptocurrency, smart contacts are essentially software that moves money. With the invention of Ethereum, the world was given the power to create and deploy smart contracts, to program the movement of money, all without needing an entire IT infrastructure. Read more from cryptocurrencynews.com…
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