Please ako kupit bitcoin mining civil when contacting us and refrain from using strong language. If you are found to be breaking any of the above rules or trying to gain an unfair advantage to abuse the service, your account will be deleted and your account balance forfeited. This decision automatically equates Bitcoin and other crypto-currencies to real money and creates the greater opportunities for its further development.
This decision didn’t come from scratch. This was expected after the growing interest to crypto-currency in Europe. And in spring 2015 Great Britain, one of the biggest European financial centers, became interested in crypto-currencies. Since this instance has the highest legal power for EU countries, its decision is obligatory for the whole EU territory. According to this decision, in the near future some EU countries will have to amend their legislation. Interesting is that Poland, Estonia and Germany have already set the regulatory rules of crypto-currency operations. Thoughts concerning the EU Court decision differ, however, both financiers and IT-people agree that the precedent gives hope that Bitcoin will continue its gradual development and expansion.
Crypto-currency is the type of digital money, which uses the methods of cryptographic encoding. It is not influenced by geopolitical and economic situation in the world. What is interesting, the number of Bitcoins, that can be mined, is limited. Its algorithm allows produce 21 millions of Bitcoins, more than a half of this amount is already mined. In 2010, 10 thousand Bitcoins were paid for pizza delivery, which was around 25 dollars. If we call Bitcoin gold, then Litecoin is silver.
Litecoin was introduced in 2011 by Charles Lee as an alternative and evolution of Bitcoin. The number of Litecoins is limited as well, however, the general number of possible LTC mined is four times bigger than BTC. This crypto-currency is based on Litecoin and was introduced in 2013 by Portland programmer Billy Marcus. It received its name in honor of the Internet meme Doge. If we compare Dogecoin with other crypto-currencies, the main peculiarity will be its fast production schedule. This currency grew its popularity as Internet tips. This has been just the subjective ranking and a try to compare Bitcoin with other crypto-currencies.
Is Ethereum a Threat to Bitcoin Monopoly? There is already a big amount of crypto-currencies on the market, but the most famous and widely used is still Bitcoin. However, the recent problems with Bitcoin blockchain have shown that the effectiveness of some transactions can sometimes limp. The users and the developers are concerned not only by effectiveness decrease, but also a protocol involved into the current problems. Ethereum, that uses another protocol, is in good standing and has gained a good reputation among crypto-currencies. It shows a good work on many points and the dynamic growth perspective. But is it enough to cripple the monopoly of Bitcoin?
Roman Mandeleil, the co-founder and CEO of Ethereum, is sure that they are on the right way. He explained that, in contrast to Bitcoin, where the block size is a constant and to change it the oral agreement of the whole community and the update of the whole software is needed, in the Ethereum network miners can easily vote for the increase and decrease of block size, since such mechanism has been laid into platform from the very beginning. The co-founder of Cashilla, Jani Viljavec also believes in Ethereum. According to his words, its current rise is first of all explained by the technical problems in the main competitor’s camp. But the announced release of the next stable version Homestead and the regular good news about the applications working on Ethereum have offered their mite. Aleksandar Matanovic, the founder and CEO of EC District, stated that during the time when Bitcoin had no competitors, it progressed a lot, and now other crypto-currencies must catch up with it.
But it doesn’t mean that they never equal with Bitcoin in number of users or market capitalization, they just will need to make a much bigger effort. Ethereum is just at the beginning of the long way, but it is able to challenge the Bitcoin expansion. However, after evaluating the huge funds invested into Bitcoin, he doesn’t believe that Ethereum will be able to undermine the attitudes of Bitcoin among crypto-currencies. We were the witnesses of the Internet creation, saw the rapid development of computer technologies, and now the market is awaiting the splash of interest to the development of network technologies in the sphere of finances and bank services.