Topic: How is Bitcoin different from Etherium? - page 17. (Read 2057 times)
While to many Bitcoin and Ethereum are both simply examples of cryptocurrencies digital money transfer systems which use blockchain technology and encryption - there are subtle differences in how they work and what they can be used for.
if you are looking to invest for speculative reasons. or even more so if you are considering using either platform for business- it's important to understand those differences. because they could be the deciding factor in which coin (if either) goes on to become a widely accepted standard, and wich will disappear into obscurity and worthlessness.
if you are looking to invest for speculative reasons. or even more so if you are considering using either platform for business- it's important to understand those differences. because they could be the deciding factor in which coin (if either) goes on to become a widely accepted standard, and wich will disappear into obscurity and worthlessness.
bitcoin was created the year 2009 and it is said to be the origin of all cryptocurrencies and is the one that creates the blockchain and is called to be the digital gold. Ethereum, on the other hand, was created the year 2015 transactions are much easier in ethereum and It is also known for its versatility. Both are famous crypto currencies but both have different objectives.
Bitcoin is the father of all coins and it is the most looked for and well known coins in digital money and until the point when no coins can outperform it's cost and when we say etherium it is a coin that is advancing toward turned out to be likewise famous as Bitcoin.
Bitcoin and Ethereum was two best coins in crypto currency world.Bitcoin is known as assured profitable crypto currency.Whereas Ethereum is best for long term profitable crypto currency.Sometime you will get more profit in Ethereum compared to bitcoin.
There are many differences between Bitcoin and Ethereum.
1. Bitcoin creates 12.5 new Bitcoins every 10 mins and Ethereum creates 3 new ethers every 15 seconds.
2. Bitcoin is limited to 21 million Bitcoins, of which 16.7m have been created so far. Ethereum has no hard cap currently, but there are plans to reduce or stop issuance in a year or two.
3. Bitcoin creates new block every 10 minutes and Ethereum creates new block in 15 seconds.
4. Ethereum assigns a cost, known as gas, to every operation or use of storage on the blockchain. Bitcoin transaction costs are based simply on their size.
5. Ethereum smart contract code lives at its own address on the blockchain as opposed to being within a transaction as in the case of Bitcoin.
1. Bitcoin creates 12.5 new Bitcoins every 10 mins and Ethereum creates 3 new ethers every 15 seconds.
2. Bitcoin is limited to 21 million Bitcoins, of which 16.7m have been created so far. Ethereum has no hard cap currently, but there are plans to reduce or stop issuance in a year or two.
3. Bitcoin creates new block every 10 minutes and Ethereum creates new block in 15 seconds.
4. Ethereum assigns a cost, known as gas, to every operation or use of storage on the blockchain. Bitcoin transaction costs are based simply on their size.
5. Ethereum smart contract code lives at its own address on the blockchain as opposed to being within a transaction as in the case of Bitcoin.
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.
What a load of nonsense. You couldn't be any more wrong. People had been trying to figure out a trustless, decentralized electronic payment method for a long time. None of them could solve the double spend issue without using a centralized ledger. Bitcoin elegantly solved it. I assume you are a newbie who has just recently been awestruck by the promises of ICO vaporware and the "amazing" things that people will do on this "decentralized global computer" called Ethereum. It is hard not to get bedazzled by all the marketing. You need to study bitcoin a lot more to understand it's technical as well as socio-economic aspects that excited the first people Satoshi contacted. For example, Here is one of the greats, Hal Finney speaking about it in his own words.
Also, Please stop shilling Ethereum like it is some kind of promising long term investment. It has proved none of it's proposed usages. It has only contributed to the ICO craze and even there it has competition in the form of competing chains like EOS, Lisk, QTUM etc. For anybody is looking for a long-term investment, bitcoin with its proven network, robustness, utility and community should take be the biggest part of your investment.
OP might want to stick this to his posts for being a great one. It is not about the disagreement but how people look at it.
Engaging to better answer this difference of two valuable currencies by now.
I also would pick bitcoin if you are really looking at long term or better never even selling it for usage on the future.
We just cannot see that now and Ethereum is being mostly used by now because of the hype of the ICO's. Again better look at it using a magnifying glass and don't come to conclusions like it is already the future here.
We are still in the stage where people are glued to the traditional fiat.
I like bitcoin, because aside of the big and valuable amount the transaction is easy and fast. Unlike in ethereum in the myetherwaller, there are many transaction you will need to study like transferring or depositing. So for me, I always choose Bitcoin.
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.
Bitcoin is the father of all coins and it is the most sought and popular coins in cryptocurrency and until no coins can surpass it's price and when we say etherium it is a coin thats making it's way to become also popular as Bitcoin.
Not just about the popularity but the technology eth is quiet different from bitcoin but of course these two coin is great. Bitcoin may stay on top buy eth will still follow bitcoin until people realize that investing on theae two coin is a good choice.
bitcoin is the No. 1 coin, is the most expensive of all other coins in the world of cryptography, and ETH is a coin after bitcoin, so the difference between bitcoins and ETH depends on the price and its potential.
when we say crypto currency. people must know it is bitcoin. and it can be concluded that bitcoin is a popular coin in the crypto world. and it is no longer denied that bitcoin is the originator of the popularity of digital currencies
Bitcoin is the father of all coins and it is the most sought and popular coins in cryptocurrency and until no coins can surpass it's price and when we say etherium it is a coin thats making it's way to become also popular as Bitcoin.
Bitcoin is the king of cryptocurrency and Ethereum is queen of cryptocurrency. This two coins are shining in the market from long.As compared to the percentage of investors in this two coins is greater than all altcoin. Now a days many ICO is depend on Ethereum and this made huge investors in Ethereum.
Yes Bitcoin ia the king of cryptocurrency because it has larger market share then ethereum. Bitcoin has higher value then ethereum. Bitcoin is accepted in many country then ethereum. Ethereum is the second most popular cryptocurrency after Bitcoin. Both coin are different from in other in many technical way. In case of money transaction speed ethereum has best track record then Bitcoin. And ethereum has different programing and concept then Bitcoin. Bitcoin is primarily meant for transaction where as ethereum is used for running some kind of distributed application known as Dapps.
Both Bitcoin and Ethereum are cryptocurrencies. Bitcoin being a digital dollar is exclusive of all the bank formalities and people invest in it hoping that it's price will go up in the coming years whereas Ethereum on the other hand is more robust while both have block chain technology base etheruem is using 2.0 version compared to Bitcoin using 1.0 version.
Ethereum technology is supported by heavy technology which is Enterprise Ethereum Alliance which is basically group of 500 fortune companies formed together "smart group" that work together for discovering the new applications for the Ethereum technology.
As compared to Bitcoin Ethereum has been considered to have more promising applications though Bitcoin technology has also been used and is in process of application by big enterprises of developed countries.
Only time will tell which one will survive and be on top in the market. Let's see
Ethereum technology is supported by heavy technology which is Enterprise Ethereum Alliance which is basically group of 500 fortune companies formed together "smart group" that work together for discovering the new applications for the Ethereum technology.
As compared to Bitcoin Ethereum has been considered to have more promising applications though Bitcoin technology has also been used and is in process of application by big enterprises of developed countries.
Only time will tell which one will survive and be on top in the market. Let's see
Although both BTC and ethershop are based on the principles of distributed ledger and encryption technology, the two are still different in many areas of technology. For example, the programming language used by ittai is Turning complete, while BTC USES a stack based programming language. Other differences include blocking time (the etheric lane transaction confirmation within a few seconds, while the machine is in a few minutes) and their basic algorithm (Ethernet lane use ethash and BTC is using a secure hash algorithm, SHA - 256).
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 are the same cryptocurrencies which ethereum was the alternative coin of bitcoin which mean having the same blockchain technology. We have a different perspective on these two profitable cryptocurrencies, that means Bitcoin is currently held at around the same value as Unilever, whereas Ethereum has the same market value as Starbucks. If you could compare these two it seems the same but different way of the platform they have.
Differentiate to each other is a good gathering idea but both of them are the same profitable so we do not need to compare them instead of choosing them both.
Differentiate to each other is a good gathering idea but both of them are the same profitable so we do not need to compare them instead of choosing them both.
yes it is different because bitcoin is a digital currency that uses peer to peer networks and uses a database for its distribution. while ethereum is a chain platform block and functions like a virtual machine.
Bitcoin specialising in it's role as digital gold offering the dependable monetary system free from outbounded inflation and political intervention.ETHEREUM evolving into world computer a Blockchain based programing language enabling code based contract and decentralized application .I think both coins face considerable challenges if order to realise their full potential. However, this industry tends to attract some of the world’s best and brightest minds, who invariably relish intellectual challenge.
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