Among others, the bitcoin blockchain enables people to transfer value through a decentralised system while the Ethereum blockchain lets users execute various contracts automatically without any intermediaries. A blockchain developer can raise funds by issuing a cryptocurrency while investors can hold on to the cryptocurrency if they like a particular blockchain. “For instance, the demand for bitcoin increases when more people purchase it and use it for transactions through the bitcoin blockchain. Widely adopted protocolsVong says bitcoin, litecoin and ether are currently the most established cryptocurrencies and the most widely adopted blockchain globally. When there are too many transactions on the bitcoin blockchain, people tend to transfer value through litecoin and the litecoin blockchain, says Vong.

Source: The Edge Markets October 11, 2019 07:07 UTC