Bitcoin has been around longer than Ethereum. One would think that it would be the first to receive acceptance from financial institutions and corporations. However, banks have favored Ethereum and shown great support for it. Recently, a startup, R3, in the Ethereum platform was used to troubleshoot a blockchain problem in the presence of renowned tech companies. What better way to earn the trust of financial institutions than through smart contracts? Approximately, 84 financial institutions support the R3 project.
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