Tag: Cryptocurrency

Ether (the currency of Ethereum) is to bitcoin, what bitcoin is to gold.Ethereum is far from the only blockchain that has these modern features, but I’ll just focus on ether vs. bitcoin.PoW (what Bitcoin uses) uses billions of dollars in energy toward solving useless math problems. Bitcoin holders indirectly pay miners to burn their money. PoS (what Ethereum uses instead of PoW) is cost efficient and benefits holders. Ether holders can outpace ether inflation through staking their Ether (which anyone can easily do like depositing money into a Savings account). Bitcoin is always slightly inflationary (until the network stops producing…