What's the difference between Bitcoin and Ethereum?

3 answers

• Dec 16, 2021 · 3 years ago
  Bitcoin and Ethereum are both cryptocurrencies, but they have different underlying technologies and purposes. Bitcoin was the first cryptocurrency and is primarily used as a digital currency for peer-to-peer transactions. It operates on a decentralized network called blockchain, which ensures security and transparency. Ethereum, on the other hand, is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). It has its own cryptocurrency called Ether (ETH) and aims to provide a platform for building decentralized applications beyond just digital currency transactions.
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• Dec 16, 2021 · 3 years ago
  Bitcoin is like digital gold, while Ethereum is like a decentralized computer. Bitcoin's main purpose is to serve as a store of value and a medium of exchange. It has a limited supply of 21 million coins, which makes it deflationary. Ethereum, on the other hand, is more versatile and allows developers to build and deploy smart contracts and DApps on its platform. It has a larger supply of coins and uses a different consensus algorithm called Proof of Stake (PoS).
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• Dec 16, 2021 · 3 years ago
  From my experience at BYDFi, I can tell you that Bitcoin and Ethereum are the two most popular cryptocurrencies in the market. Bitcoin has a larger market capitalization and is more widely accepted as a form of payment. Ethereum, on the other hand, has gained popularity due to its ability to support the development of decentralized applications. Both cryptocurrencies have their own unique features and use cases, and it's important to understand them before investing or using them for transactions.
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