Ethereum (ETH) vs OKB (OKB)

Cryptocurrencies have been gaining in popularity over the past few years, with more and more people looking to invest in them. With so many different crypto exchange platforms and tokens on the market, it can be difficult to decide which offers to accept. Our tip? Make sure to invest at the best exchange rate.

This blog post will compare two of the most popular cryptocurrencies: Ethereum (ETH) and OKB (OKB). We will explore their volatility, fees, best rates, how to convert Ethereum, and more to help you choose which is right for you so you can save yourself the worry.

Sections

History

Ethereum: Ethereum started all the way back in 2013 when Vitalik Buterin proposed the development of a new platform. The platform would be capable of running decentralized applications. Buterin was soon joined by other developers who helped to create the Ethereum protocol and blockchain.

The first version of Ethereum, Homestead, was launched in March 2016. Since then, the Ethereum platform has seen significant growth and adoption. The number of decentralized applications built on Ethereum has increased exponentially. The platform is now used by companies and organizations all over the world.

OKB: The history of OKB begins with its parent company, OKEx. Founded in 2014, OKEx is one of the world’s largest cryptocurrency exchanges, with over $1 billion in daily trading volume.

In 2018, OKEx launched the OKB token sale to raise funds for the development of their decentralized exchange ecosystem. The sale was successful, raising over $20 million.

Since then, OKEx has been working on building out the infrastructure for their decentralized exchange, including the launch of the OKChain testnet. The mainnet is expected to launch in 2020 and will be a key piece of infrastructure for decentralized finance (DeFi) applications built on Ethereum (ETH).

What Are They, And Why Were They Created?

ETH and OKB are both digital assets that were created to provide a new way of handling transactions and financial contracts. Ethereum was created as a result of the need for a more versatile blockchain platform that could handle smart contracts and decentralized applications.

OKB was created as a stablecoin to provide a more secure and faster way to handle transactions.

Price History

Ethereum: When it comes to price history, ETH has been one of the most successful cryptocurrencies, growing from around $10 in early 2017 to over $1,000 by January 2018. OKB, on the other hand, was launched in mid-2018 and has experienced more modest growth, currently sitting at around $4.50.

Looking at longer-term price trends, ETH has seen a slight decline since its all-time high in January 2018, while OKB has remained relatively stable. In the past month, however, both currencies have seen an uptick in price, with ETH climbing back above $200 and OKB hitting a new all-time high of $5.50. At the time of writing, ETH is valued at $1274.71 (today’s exchange rate).

It is important to note that while ETH and OKB share some similarities, they are also different in many ways. For example, Ethereum is focused on smart contracts and decentralized applications (dApps. In comparison, OKB is designed to be a utility token used to power the OKEx exchange.

As such, it is not surprising that their prices have behaved differently over time.

OKB: Since its launch in early 2019, the OKB token has seen a lot of ups and downs in its price. A high for OKB was reached in May 2019, when the token was trading at around $8.

Since then, the price of OKB has dropped significantly and is currently trading at around $1.40. Despite the recent price drop, OKB is still one of the top 10 cryptocurrency projects by market capitalization. At the time of writing, OKB is worth $20.95, which is their best price.

Market Cap

Ethereum: As of May 2021, the market cap of ETH is $156.67 billion.

OKB: The market cap of OKB is $1.256 billion. (This is good for OKB holders)

Daily Transactions

Ethereum: When it comes to the daily transactions of Ethereum and OKB, there are a few things to keep in mind. For one, Ethereum typically has more transactions than OKB. This is due to the fact that Ethereum is a more widely used platform than OKB. However, this doesn’t mean that OKB doesn’t have its own fair share of transactions.

In terms of transaction speed, Ethereum can handle around 20 000- 100 000 transactions per second (TPS).

OKB: In fact, OKB actually has a higher transaction volume when compared to Ethereum. This is likely due to the fact that OKB is geared towards businesses and enterprise users, who tend to make more transactions than individual users.

Block Size

Ethereum: Ethereum’s blockchain is currently about 2GB in size.

OKB: OKB’s blockchain is around 1.5GB. However, both platforms are constantly growing as new blocks are added, and old ones are removed.

Similarities

When it comes to digital assets, there are many similarities between ETH and OKB (OKB).

Both ETH and OKB are based on blockchain technology and can be used to make payments.
Both ETH and OKB are also traded on exchanges.

Differences

Ethereum is a decentralized platform that runs smart contracts. OKB, on the other hand, is a utility token that gives holders access to various benefits within the OKEx ecosystem.
Another key difference is that Ethereum has a much longer track record than OKB. Ethereum was launched in 2015, while OKB was only launched in 2017. This means that Ethereum has had more time to prove itself as a reliable and secure platform.
Ethereum is vastly more popular than OKB. According to CoinMarketCap, Ethereum is currently ranked #2 in terms of market capitalization, while OKB is ranked #32. This popularity makes it easier to find information and resources about Ethereum and also contributes to its overall stability.

Risks Of ETH And OKB

There are a few risks to take into account when considering investing in Ethereum or OKB. First, as with any crypto, there is always the risk of a sudden drop in worth. (volatility). This could be due to a major hack or scam or a change in government regulation.

Secondly, both Ethereum and OKB are still fairly new and, therefore, relatively untested. While they have both shown promise so far, there is no guarantee that they will continue to grow in popularity and value.

Finally, there is always the risk of technical problems or issues with the underlying blockchain technology. While these problems have not yet arisen with either ETH or OKB, it is something to keep in mind when investing in any crypto.

Where To Buy ETH And OKB

For those looking to buy ETH or OKB with fiat currency, the best option is probably Coinbase. Coinbase is one of the most popular cryptocurrency exchanges and allows users to purchase ETH or OKB with USD, EUR, and GBP. Another option for those looking to purchase ETH or OKB with fiat currency is Kraken. Kraken also allows users to purchase ETH or OKB in USD, EUR, and GBP.

For those looking to purchase ETH or OKB with another crypto (swap crypto), Binance is probably the best option. Binance is a popular cryptocurrency exchange that offers a variety of different trading pairs. This means that users can trade a variety of different cryptocurrencies for ETH or OKB on Binance.

Some other popular cryptocurrency exchanges that offer ETH/OKB trading pairs include Huobi Global, KuCoin, and Gate.io.

Exchange ETH to OKB (Convert ETH/ Convert OKB)

If you’re looking to trade ETH for OKB, there are a few things you should know. First, Ethereum is a decentralized platform. It runs smart contracts. These are applications that run as programmed with no possibility of fraud or third-party interference.

OKB, on the other hand, is a centralized cryptocurrency that is issued by the OKEx exchange. OKB can be used to trade on the OKEx platform and to pay for fees incurred on the exchange.

When trading ETH for OKB, it’s important to remember that OKB is a utility token that allows holders to enjoy certain benefits on the OKEx exchange. These benefits include low fees and access to exclusive features and services. As such, the value of OKB is directly linked to the success of the OKEx exchange.

Future Plans

Ethereum: In the future, it is planned for Ethereum to become a decentralized world computer. In terms of adoption, ETH has been gaining a lot of traction lately, with big companies such as Microsoft, Samsung, and JPMorgan Chase all building on Ethereum’s blockchain.

OKB: OKB will be used to power the digital economy. OKB will be focusing on partnering with governments and institutions.

FAQs

How many Ethereum are left?

In the year 2022, only about 20% of the total supply of ETH was in circulation. This leaves a little over 80 million ETH left to be mined.

What is OKB?

OKB is a cryptocurrency and smart contract platform founded in 2017. OKB is short for “Okex,” and it is the native token of the OKEx exchange. OKB is used to power the OKEx ecosystem, which includes the OKEx exchange, OKDex decentralized exchange, OKChain blockchain, and OKLink.

References:

https://www.wisdomtree.com/investments/blog/2021/07/15/ethereums-history-from-zero-to-20

https://coinmarketcap.com/currencies/ethereum/

https://crypto.com/price/okb

https://www.coindesk.com/price/ethereum/

https://www.moonpay.com/blog/ethereum-merge-eth-2

https://hackernoon.com/coins/OKB?range=month