Bitcoin is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network. |
| Launched |
|---|
2009 |
Website: |
| Asset type |
Coin |
| Blockchain list |
+160 more networks |
| Price usd |
62,603.3 |
| Project leaders |
Satoshi Nakamoto |
| Subreddits |
Subscribers: 8,096,559Community age: Sep 9, 2010 |
Red Pulse Phoenix (PHX) is currently based on the NEO protocol. It is listed on the number of exchanges paired against various cryptos. PHX tokens incentivise content creators of the Red Pulse research platform. |
| Launched |
|---|
2018 |
Website: |
| Asset type |
Token |
| Blockchain list |
| Price usd |
0.170263 |
| Project leaders |
Jonathan Ha, Stanley Chao, Peter Alexander |
| Subreddits |
Bitcoin is the first cryptocurrency created in 2009 by a person or group of people under the name of Satoshi Nakamoto. Bitcoin was proposed as an alternative to the conventional banking system in the wake of the financial crisis of 2008. Unlike banks, the Bitcoin network is a decentralized anonymous peer-to-peer payment system designed to the way that it is almost impossible for a single entity to gain control over this network. | Red Pulse Phoenix (PHX) is currently based on the NEO protocol. It is listed on the number of exchanges paired against various cryptos. PHX tokens incentivise content creators of the Red Pulse research platform. |
| Launched | |
|---|---|
2009 | 2018 |
Website: | Website: |
| Asset type | |
Coin | Token |
| Blockchain list | |
+160 more networks | |
| Price usd | |
62,603.3 | 0.170263 |
| Project leaders | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn a scenario where you choose to include one coin in your portfolio but are uncertain, take a closer look at these two. This article is dedicated to the Bitcoin (BTC) vs Red Pulse Phoenix (PHX) comparison for investing purposes, highlighting the most important aspects of this discussion.
First things first: the market capitalization. It's always better to invest in a well-established coin than a relatively new project. A large market cap means low volatility, whereas a small market cap means the coin will be extremely volatile and risky to trade – but can also bring huge rewards.
See if the coin has reasonable market cap and valuation for now – sometimes people speculate with coins which don't deserve a single dollar spent on them.
Proof-of-Work, Proof-of-Stake, or any other algorithm. Every protocol uses a specific algorithm for consensus – and therefore it brings some particular traits and advantages. Compare both coins by the consensus mechanism to find similarities and differences. Does it fit your preferences?
Every blockchain has a particular transaction throughput (TPS) level. The higher the transaction speed, the better – but do not consider this to be a primary factor in choosing a blockchain. Layer-2 solutions are also essential for scalability.
Supply and emission schedule play a crucial role in determining the price of any coin on the market. See how many coins will ever exist and how many are already in circulation. How are new coins emitted? Will there be any further halvings or supply increases?
Finally, it all comes down to real adoption. What real-world problems does the coin help solve? How active is the community around it? Does it have real use cases and on-chain activity statistics?
Neither of these coins is a better option in every possible situation – they serve different users. Determine which of them matches your preferences and needs the most, and make your decision accordingly.
Satoshi Nakamoto |
Jonathan Ha, Stanley Chao, Peter Alexander |
| Subreddits | |
|---|---|
Bitcoin Subscribers: 8,096,559Community age: Sep 9, 2010 | Phoenixglobal Subscribers: 691Community age: Oct 13, 2020 |
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