#Ethereum Vs #Bitcoin Vs #Altcoin - what you need to know

-Abbhirami

The 21st century advancement in technology is regarded as the new beginning of Singularity. Tonnes of up-gradation we get everyday which sophisticates our life at every instance. Having known about the communication problems that existed way back in 80s now we are in the era where communication happens with the press of few buttons. Miracles are becoming common with the rise in technology and we can realise it.
Internet era is truly transforming every corners of the fields with its humongous capitulating power providing better results. Now it is the time for money to experience a change.

Bitcoin
Many in today's world are familiar with Bitcoin but when questioned about cryptocurrency they hesitate to answer. This clearly shows its popularity. 
Jan 2009 is regarded to the launching date of bitcoin and since then we can see its unimaginable rise with having an equivalent of $5709 today! 
$5709!? Are you kidding me! I was truly transfixed. It is just an algo! No, for people who are really trying to track its popularity and price, please understand this -

Bitcoin is the very first cryptocurrency. Since then it has undergone lot of refinements that has taken it to this level. Privacy is important factor when cryptocurrency is concerned and Bitcoin is so meticulous about it. It uses double SHA256( SHA256 ^2) providing the necessary encryption to its data. And the complexity of solving its algorithm has become so hard that it requires super powered miner that facilitates in mining a bitcoin.

Ethereum
Why is Microsoft's Ethereum stands much lower than bitcoin?
First of, it a budding cryptocurrency. Why do I say this? because it was only released a couple of years back, July 2015. That is the very reason behind its price when compared to Bitcoins. It has it's own EThash algorithm to encrypt its data.

And very important fact is that algos differ from one cryptocurrency to the other. Each has its own level of complexity, hashes etc.

Ethereum features its own Turing complete internal code, which means that anything can be calculated with enough computing power and enough time. Bitcoin does not have this capability. While there are certainly advantages to the Turing-complete, its complexity also brings security complications, which contributed to the DAO attack in June.

Currently the price of Ethereum is around $300 (https://coinmarketcap.com/)

Alt coins
Alt coins or alternative coins other than bitcoins are slowly rising. And an interesting fact about them is that their complexity is not very hard. And this can be solved using your CPUs or GPUs. This makes it interesting to me. There are so many coins the market and many are interested to create their own coin too!
Visit this site to find more about cryptocurrency stats.

 Hope this info helps you clarify.