Bit is the unit of information in the digital world, so Bitcoin is naturally the currency of the digital world. Bitcoin is a digital currency with significant value in the real world. Therefore, Bitcoin can be used to exchange dollars, yen or any other currency in the world. Bitcoin can usually be abbreviated as "BTC".
The reason why blockchain can establish trust is that it represents a real shared record. The data that everyone can trust will help promote the development of other new technologies, and will also greatly improve the efficiency, transparency and trust of mutual cooperation.
The cryptocurrency we are introducing today is not primarily aimed at beating Ether, but rather at assisting it, and this cryptocurrency is called Matic Coin.
In short, Lightning Network is a layer 2 payment protocol built on Bitcoin Network to solve the problem of network congestion. The idea is to open a "green channel" outside the blockchain and conduct a large number of high-frequency and small transactions outside the blockchain.
As an innovation of ideas, blockchain can have a subversive impact in specific areas. In the face of advantages and disadvantages of blockchain, what we need to do is to develop strengths and circumvent weaknesses. Whether blockchain can become the underlying technology of the new generation of financial infrastructure is still a question.
Ethereum is more effective than pure cryptocurrency. Through Ethereum, users can create any decentralized application (i.e. DApp) and smart contract. Theoretically, programmable Ethereum can be used for any economic or governance activities.
In short, Ethereum is similar to the blockchain version of Android and iOS systems, a blockchain APP platform. Ethereum is a global open source platform for decentralized applications (DApp). The name comes from Ether and the suffix ruem (Greek meaning is "oil")
