Topic: How is Bitcoin different from Etherium? (Read 2057 times)

Bitcoin is the base of all cryptocurrency, and Bitcoin will remain the king of Crypto. Actually, I do not want any coins to be able to cope with Bitcoin as a means of investment,
of the earliest bitcoins are made as cypto currencies but at high prices many investors invest in bitcoins.
as well as Etherium although widely used by many real projects but will not beat the bitcoin position.

How is Bitcoin different from Etherium?

I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.

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So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?

Bitcoin

Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.

Etherium

Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.

Conclusion

For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.

Bitcoin is the base of all cryptocurrency, and Bitcoin will remain the king of Crypto. Actually, I do not want any coins to be able to cope with Bitcoin as a means of investment,
of the earliest bitcoins are made as cypto currencies but at high prices many investors invest in bitcoins.
as well as Etherium although widely used by many real projects but will not beat the bitcoin position.

In my opinion, Ethereum is very suited in any aspects of the business, where in the near future the Merchants in the entire world would possibly

accept Ethereum as mode of payment to their business. Bitcoin was commonly use for investment and most of the time sending money whatever

country currency you belong as long as the nation has an exchange to convert from BitcoinBTC.

How is Bitcoin different from Etherium?

I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?

Bitcoin

Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.

Etherium

Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.

Conclusion

For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.

the main difference for me is that, community can not add any additional features to bitcoin only with hard fork
But look on eth, it works as plugin app, you can develop smart contract and implent it to blockchain - for me ETH have more development and features

bitcoin is the mother of cryptocurrency. The first time digital money is bitcoin, after that it is his followers. it is what distinguishes the bitcoin with eth and other alt coin. outline is equally cryptocurrency.

Bitcoin and Ethereum both are known for long term as these two have the same behavior but difference also lies in many ways. Demand for both the coins are different, Ethereum has lower price than that of Bitcoin.

The highly rated coin is the Bitcoin and ETH holds the second position in terms of long term investments. You will get huge profit from Bitcoin and lesser from Ethereum but the right strategy is to invest in both so that you get maximum profit.

The difference is that the Ethereum platform is Turing-complete. Various new functionality can be developed with relative ease. This makes the blockchain Ethereum often also called programmable blockchain. While Bitcoin has only one function that aims to facilitate peer-to-peer transactions as a digital currency.

There are lot of different between bitcoin and ethereum. They are totally different crypto currency with different value. The working sector of both coins are different. Ethereum is a currency that accept most of the coin supported.

I do not understand why you need to look for differences.  They are needed for different things.

Etheruem can be used in creating coins and crowd funding purposes while bitcoin is not.