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Litecoin vs Ethereum vs Bitcoin: Which One is Better?

As stated earlier, Litecoin and Bitcoin are pretty similar, but Bitcoin is more popular and more valuable, which sets it ahead of Litecoin. However, the fast growth of Bitcoin might also lead to a bubble, which once burst, will scare some people away from it and towards safer alternatives, one of which is Litecoin. However, at the moment, Bitcoin is the obvious choice between the two cryptocurrencies.

Comparing Ethereum with Bitcoin and Litecoin is not completely fair, given that the former is a platform that also has a cryptocurrency, thus it is much more functional. Because it’s a platform that runs apps, it is much more complex, which provides more functionality, but also exposes it to more risks, as the 2016 hack of the DAO (an organization build on the Ethereum blockchain). Ether tokens can be used not just for transactions, but they can also represent voting rights, shares, and can be used for fundraising, with most ICOs using Ether as digital assets.

Because Ethereum is more flexible and more user-friendly, it enjoys a strong support in the corporate world where it has many big backers. Earlier this year, big companies including banks like JPMorgan Chase & Co., Inc. (NYSE:JPM), tech giants like Microsoft Corporation (NASDAQ:MSFT) and Intel Corporation (NASDAQ:INTC) and other companies united to form the Enterprise Ethereum Alliance, which aims to develop software on the Ethereum platform that would run smart contracts. Over the course of 2017, many other companies joined the EEA and it currently comprises 200 firms. Because of Ethereum’s support among companies, it’s popularity is likely to grow to match the one of the Bitcoin.

With everything being said, it’s hard to determine which is better between Bitcoin and Ethereum, given that they are different projects that have different goals. Bitcoin is most likely to remain the favorite cryptocurrency that can be used for buying stuff and other monetary transactions, as well as a potential alternative asset to invest in. However, given that Ethereum has a strong corporate backing and Ether’s popularity is directly related to the popularity of the platform, Ether tokens are the best to invest in.