Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.
The benefits of using Ethereum are
- Transparent transaction history
- Enhanced security protocols
- Trading efficiency and speed increased
- Transaction cost is reduced
- Better product tracking in supply chain
If you are planning to hire full stack Ethereum developers and have a budget constraint, then it is better to go for a mid scale Indian Ethereum development company. We are an Indian Ethereum development company with more than a decade experience delivering excellence to Global clients.
To find the best Ethereum development company you need to see their experience, cost effectiveness and work on that technology. We have build 150+ apps and delivering excellence in the past 14 years.
Blockchain is considered to be one of the futuristic technologies of current times. It is chaning finance industry very fast and there is going to be a double size market in the next year. Hence, sticking to Blockchain is a good idea.