Key Differences
Let’s look at the main differences between Ethereum vs Bitcoin, some of which you can see by comparing the basics I just mentioned!
Their Concepts
When you think of Bitcoin, think “digital money”. When you think Ethereum, think “smart contracts”. This is the easiest way to understand and remember the primary difference between Bitcoin and Ethereum!
Their Purposes
Bitcoin is a store of value and a way to send money to someone. Ethereum is also a way to send money to someone, but only when certain things happen.
Ethereum also differs by serving as a building platform for dApps/smart contracts, which allow it to send tokens that represent values. These values can be things other than digital currencies, making it different from Bitcoin.
Their Transactions
Bitcoin’s transactions look like this:
Jade sends 10 BTC (Bitcoins) to Pete.
Ethereum’s transactions run on smart contracts and look like this:
Send 10 ETH (Ether) from Jade to Pete if Jade’s balance is 15 ETH and the date is 12.01.2020.
So, Bitcoin’s transactions are manual and Ethereum’s transactions are automatic / programmable!
The Speed of the Transactions
Ethereum’s block time (transaction speed) is just seconds. Bitcoin’s block time, however, is minutes.
The Currencies: Ether vs Bitcoin
Ether is designed to fuel the Ethereum network and power transactions — think of it as gas.
Bitcoin is used to be the value of real-world transactions — think of it as money.
Their Coin Supply
Bitcoin is limited to 21,000,000 coins. This creates supply and demand, which is healthy for a store of value.
Ethereum, however, is not limited. The production of Ether is continuous. The supply of Ether will slow down a lot over time though.
Vitalik Buterin, the founder of Ethereum, stated that the total number of coins will not reach more than 100,000,000 ETH in the “foreseeable future”.
Their Ages
Ethereum is 6 years newer than Bitcoin and is further advanced.
Also, there have been many attempts at making proof-of-work use non-specialist hardware. However, this is neither possible, because any specific proof-of-work function can be optimised with hardware, nor desirable, because specialist mining equipment improves security by committing miners to the specific network they are mining for.Before the 1970s, cryptography was primarily practiced in secret by military or spy agencies. But, that changed when two publications brought it into the open: the US government publication of the Data Encryption Standard and the first publicly available work on public-key cryptography, 'New Directions in Cryptography' by Dr Whitfield Diffie and Dr Martin Hellman.hd bitcoin bitcoin играть bitcoin darkcoin bitcoin cap decred ethereum bitcoin farm инструкция bitcoin game bitcoin bitcoin payoneer bitcoin прогноз golden bitcoin cryptocurrency arbitrage bitcoin rpg
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You can buy as little (or as much) crypto as you want, since you can buy fractional coins. For example, you can buy $25.00 worth of bitcoin.monero client Decentralizationкурс ethereum fpga ethereum bitcoin tx bitcoin loan tether wallet 0 bitcoin ethereum описание баланс bitcoin love bitcoin bitcoin 4pda bitcoin earnings эмиссия ethereum Because it generates blocks about four times faster than Bitcoin, Litecoin can confirm the legitimacy of transactions more quickly and process more transactions in the same timeframe.bitcoin multisig bitcoin neteller
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