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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Tuesday, December 20, 2022

Crypto's Ecosystem. Bitcoin or Ethereum?


Many tout Ethereum as the de facto cryptocurrencies' ecosystem, since ETH provides software environment for building crypto applications.

Actually, I think Bitcoin is more the sort of ecosystem, the crypto world needs. Bitcoin acts as means of exchange, unit of account and store of value or electronic money of sort.



Via Bitcoin's store and increase of value many other cryptocurrencies are issued and priced off Bitcoin and thus many young nascent companies can finance their projects efficiently with crypto.

Ethereum, on the other hand provides an App Store version of application environment for the crypto world, which is also extremely valuable. Via Ethereum crypto programmers can cooperate, talk, discuss and ultimately build world change crypto applications.

In short, Bitcoin is the jet engine and Ethereum is the ocean for cryptocurrencies's growth.

Crypto has a bright future, as far as I am concerned.





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