Bitcoin, the virtual currency that allows you to spend money, has seen exponential growth in popularity over the past few years.
But there’s another cryptocurrency that’s been taking a different route, one that could eventually replace Bitcoin as the dominant digital currency.
It’s called Ethereum, and it’s the first cryptocurrency that doesn’t use a public ledger and doesn’t rely on the internet to exchange value.
Instead, Ethereum’s blockchain relies on “smart contracts” that run on a network of computers.
These contracts are made up of many different code chunks that communicate with each other in order to decide how to respond to changes in the economy.
This allows Ethereum to operate much more efficiently, meaning that, in theory, it could provide the world with a more secure and reliable form of money.
As for its main rival, Bitcoin, it’s also taking a very different route.
Bitcoin, which was launched in 2009, has been used to buy things like drugs and car parts, and the cryptocurrency has been widely criticised by politicians for its high transaction fees.
But Ethereum has an alternative model: it uses a decentralized, peer-to-peer blockchain, or DAPP.
It aims to solve one of the biggest problems facing digital currencies, that of money’s scarcity.
Ethereum is currently the world’s second most valuable cryptocurrency after Bitcoin, but that’s not due to its rising price.
Rather, Ethereum has been around for a long time.
It started in 2011 and, until recently, it had been the dominant cryptocurrency.
But over the last couple of years, the price of Ethereum has steadily dropped.
This has made Ethereum harder to buy than other cryptocurrencies like Bitcoin, and many users have turned to other cryptocurrencies for their funds.
This has led to Ethereum’s reputation as a currency of the rich.
But as the world of digital currencies grows, so too will its power.
Bitcoin is the world leader in the cryptocurrency market.
In fact, it is the most valuable digital currency, and its market capitalisation has grown to over $40bn.
However, its price has been on a downward spiral for years.
Bitcoin peaked in 2013 at $1,150, but by 2015 it had fallen to just $130.
That was before the price began to climb, and has since surged to $1-1,200.
Ethereum, on the other hand, is widely seen as a way to compete with Bitcoin.
Its main rival is Ethereum Classic, which started in 2014 and has been the most successful alternative to Bitcoin.
But Ethereum Classic has also seen a rise in popularity as well.
It now has over $10bn in market capitalization.
But while Ethereum Classic’s market capitalisations are higher, its popularity is also lower.
And while many people see Ethereum Classic as a threat to Bitcoin, there is little evidence that its popularity will continue to increase.
This is why, even if Ethereum Classic manages to stay in the top five most valuable cryptocurrencies, its growth will not be sustainable.
Its market capitalizations will eventually fall, and that could have devastating consequences for the world.
As it stands, Ethereum Classic is the only cryptocurrency that has not yet reached the point where its value can be compared with Bitcoin’s.
This could change, as it’s not known how long it will take for Ethereum Classic to reach that point.
But if Ethereum fails to gain the upper hand over Bitcoin and Ethereum Classic in the near future, then the cryptocurrency’s future may be bleak.
It could become a “digital cash”, the currency of choice for those who can’t afford a credit card or bank account.
In a world of virtual currency and smart contracts, Ethereum could be the next cryptocurrency that becomes a cash alternative.
And while it’s tempting to blame the rise of digital currency on government regulations, there’s plenty of evidence that this is a factor as well, too.
For instance, blockchain technology has helped to make bitcoin the most widely used cryptocurrency in the world, and this is something that Ethereum Classic and Ethereum don’t have.
In 2017, Ethereum received $18.4bn in investment, according to blockchain-focused investment firm Chainalysis.
But this has not been enough to overtake Bitcoin as one of Bitcoin’s biggest competitors.
And Ethereum Classic could become more powerful than Bitcoin and its other competitors.
In March, Ethereum was one of 10 cryptocurrencies to be valued at more than $2bn at an exchange in London.
If Ethereum Classic continues to grow in popularity, it will only be a matter of time before it surpasses Bitcoin.
But that could be a long way off.
Ethereum Classic already has a market capitalised value of more than two-thirds of Bitcoin, according the research firm Blockchain Capital.
Its valuation is almost double that of Bitcoin.
And, even without the growth of Ethereum Classic or the rise in Bitcoin, Bitcoin could still remain the world standard for digital currency for a very long time to come.
This article was originally published on Recode.