Back in 2011, you could have bought Bitcoins for $10. Which is the most flexible Cryptocurrency?Īnswer: Among the four the most flexible cryptocurrency is Ripple.īy mining for Bitcoins, as long as the markets remain active you can basically make money for nothing. For a transaction with a gas limit of 21000 and gas price of 20 gwei, the total transaction fee will be 0.00042 Ether or $0.392 ($934.390 per Ether). It is set by miners and usually lies between 20 to 30 gwei, at the time of writing. It is usually calculated in gwei (1 Ether = 1000000000 gwei). How is transaction fee calculated in ethereum? The denominations of ether follow a measurement system akin to the metric system. You can think of wei like what cents are to the US dollar or satoshis are to Bitcoin. Wei is the smallest unit or the base unit of ether. Gwei is a unit of ether which stands for gigawei, or rather 1,000,000,000 wei. In the short term, others believe Ether can reach heights of $500 and beyond. So, we believe that you should invest in both as they both bring in exciting possibilities. Ethereum, on the other hand, is a smart contract platform which has more utility than being just a payment protocol. Litecoin is the older project and has more payment utility than Ethereum. Based on the fact Ethereum has more use cases than Bitcoin - and therefore serves a bigger purpose - I can say that it is indeed an overall better Bitcoin alternative. This is why Ethereum is a good investment if you’re interested in investing in cryptocurrencies beyond Bitcoin.īitcoin has a lower coin supply and is more liquid than Ethereum, but Ethereum has better technology and provides more uses than Bitcoin does. Buying both is good, solid diversification. Ethereum is great at using smart contracts. Being one of the most successful Blockchain-based platforms in the industry, Ethereum has also become, unfortunately, the platform to run fake crypto projects.īut there’s no good way to create smart contracts on Bitcoin. Will Ethereum Be a Good Investment in 2019? The erosion of the value of Ethereum has not been anything less than a shock to the crypto community. You may ask, Which crypto exchanges have been hacked? However, the nature of blockchain makes this type of hacking difficult. Hacking blockchain means “someone is trying to control more than 51% of the total computing power of the whole blockchain network.” The hacker is trying to read and reverse the transactions hidden in the blockchain network. 9 Which is the most flexible Cryptocurrency?.8 How is transaction fee calculated in ethereum?.

Can blockchain be hacked