Since its creation in 2009, Bitcoin has reigned as the most valuable cryptocurrency. On August 1, 2017, the digital currency Bitcoin split into Bitcoin Classic and Bitcoin Cash during a “hard fork.” The new Bitcoin Cash chain increased the transaction limit to eight megabytes while the original Bitcoin Classic retains its one megabyte per 10 minutes limit.

The second most valuable form of digital money after Bitcoin, Ether is a relatively new crypto technology on the rise. The underlying technology, Ethereum, is a decentralized payment network that transacts anonymous payments over the internet without the use of a third party. The most significant difference from Bitcoin is that Ethereum is more than just a cryptocurrency; it is a platform that allows peer-to-peer contracts and digital applications be monetized. These so-called “smart contracts” allow agreements between anonymous users be embedded into the code itself.

Where Ethereum Coins Are Accepted for Payment

Ether is not yet widely accepted for payment by major retailers or online locations; many vendors that now accept some crypto currencies do not yet accept Ether. However, Ether can be spent in a handful of online stores, like Overstock.com, several online gambling sites and with cryptocurrency MasterCard and Visa credit cards. They can also be stored in online wallets and exchanged with others through smart contracts. Fans of Ethereum believe its efficiency, which is superior to Bitcoin and other cryptocurrencies, makes it the better technology for payment transactions, and they are hopeful that Ether will become more widely used with time.

Transaction Times

Transactions for both crypto currencies are stored in a decentralized ledger called the blockchain. Though both platforms process transactions similarly, Ether transactions process much faster than Bitcoins. As of August 2017, Ethereum’s block times are about 14 seconds, while Bitcoin processes blocks in about 10 minutes.

Crypto Wallets That Support Ethereum

A crypto currency wallet, or crypto wallet, is a software program that does what it sounds like it does: it acts like a virtual wallet. Crypto wallets store private and public security keys and interact with blockchains, enabling users to send and receive digital currency as well as monitor their balance. More than 5.3 million crypto wallets stored Ether as of June 2017. Current options for wallets include:

Ether (but No Bitcoin):

  • XETH Ether Wallet
  • MyEtherWallet
  • EtherLi Wallet
  • MetaMask
  • Ethereum Freewallet
  • Parity
  • Etherwall
  • Ethereum Wallet
  • Ethereum Mist Wallet ÐApp
  • vSlice Web Wallet

Ether and Bitcoin:

  • CoinSpace
  • my
  • Jaxx Wallet
  • Ledger Wallet
  • Holy Transaction
  • BitPanda
  • Coinbase Wallet
  • Gatehub

Ether and Bitcoin Cash:

  • CoinSpace
  • Jaxx Wallet
  • Ledger Wallet
  • Gatehub

Disclaimer

 

Be safe & secure: We highly recommend that you read our guide on How to Prevent Loss & Theft for some recommendations on how to be proactive about your security.

 

Always backup your keys: CoinSpace & Coin.Space. You do not create an account or give us your funds to hold onto. No data leaves your computer / your browser. We make it easy for you to create, save, and access your information and interact with the blockchain.

 

We are not responsible for any loss: Ethereum, Litecoin, Bitcoin CoinSpace & Coin.Space, and some of the underlying Javascript libraries we use are under active development. While we have thoroughly tested & tens of thousands of wallets have been successfully created by people all over the globe, there is always the possibility something unexpected happens that causes your funds to be lost. Please do not invest more than you are willing to lose, and please be careful.

 

Translations of CoinSpace: The community has done an amazing job translating CoinSpace into a variety of languages. However, Coinspace can only verify the validity and accuracy of the information provided in English and, because of this, the English version of our website is the official text.

 

MIT License Copyright © 2015-2017 CoinSpace

 

Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

 

The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

 

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

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