Better Bargain: Ethereum vs. PayPal
Thousands of different cryptocurrencies exist, and many have captured the interest of investors. For example, Ethereum (CRYPTO: ETH) has surged nearly 1,100% over the past 12 months, even after the recent crypto market crash.
Spurred by that popularity, PayPal (NASDAQ: PYPL) recently integrated cryptocurrency into its platform. In other words, investors can gain exposure to crypto without actually buying digital tokens. But which is the better bargain, Ethereum or PayPal?
In 2009, Satoshi Nakamoto created Bitcoin, a decentralized digital currency built on blockchain technology. In this system, miners gather transaction data into blocks, validate each block by solving a cryptographic puzzle, then add the block to the blockchain. This prevents fraud and double spending while governing the creation of new currency (i.e., miners are awarded Bitcoin for each block they solve). And that was the goal Nakamoto outlined in the Bitcoin White Paper: to create a peer-to-peer electronic payments system that eliminates the need for financial institutions like banks.
Source Fool.com
