How is Ethereum unique and different from Bitcoin? - page 3.

dogandogru

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Quote from: Abeleez on May 30, 2018, 09:43:52 AM

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.

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.

Klovezio

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Quote from: Abeleez on May 30, 2018, 09:43:52 AM

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.

all you mentioned are keys why ETH is top cryptocurrency. Bitcoin was created earlier than ETH, so its price is higher. ETH is quite potential cryptocurrency and one day can beat bitcoin.

BitcoinHodler

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in short bitcoin is a currency that has additional features built on top of it in form of side chains instead of it all being on the blockchain and bloat it for no reason. while ethereum is just a token that you use to make ICOs (aka smart contracts) which is already possibly with bitcoin.

in details:
bitcoin is decentralized while ethereum is centralized.
bitcoin has a small supply which is capped, ether has unlimited supply with a huge circulating one.
bitcoin is a currency and also can be used to create smart contracts. ether is just a token that you can only create smart contracts with.
bitcoin is battle hardened and fully tested without any bugs while ethereum is filled with bugs and there are a lot of exploits in it.

mikejack

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This is unique about (eth)Ethereum’s goal is to be the platform for DApps and they are largely accomplishing this. They own the DApp market right now. Their roadmap is all about giving users and developers more control and more options in developing their applications.very promising rigth?the dev of eth is updated and very hardwork!this is ethereum have that bitcoin can,

IMatveeva

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Ethereum is much better and faster than bitcoin. Bitcoin can only be sent between each other. And Ethereum is a platform for ico and it can also be sent to people. Commission of the network is cheaper than bitcoin.

Sidiq SP

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one thing is certain, I also invested in ethereum, because besides the advantages you mentioned earlier, for a while the price can still be reached and can to get it, another with btc whose price is already very high, but I believe with this ethereum, the price will soar and can compete with btc, here is my opinion about this ethereum

LazyBitInvestor

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Your professional profile on the blockchain

BTC Blockchain doesn't support smart contracts, but ETH does! By the way, Ethereum is first mass working blochchain with working smart contracts.

atamat

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All the crypto coins are similar to bitcoins. This is normal because coins were created on the idea of bitcoin. Ethereum is no exception. But I would say that this is a modernized bitcoin

samuraijin

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yes I also admit it is very interesting and ethereum deserve the second position of coinmarketcap site, I hope it is not replaced by altcoin lainnnya and remain on the second poisis there under bitcoin

olumyd

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Quote from: Abeleez on May 30, 2018, 09:43:52 AM

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.

Ethereum is simply a dApp enabling platform and also smart contract initiator. Bitcoin is more of a store of value and the exchange of digital value too.

leea-1334

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Ethereum had better have more to offer than a digital currency! Because Bitcoin is moving further and further away from the pack in achieving that (it already has achieved it actually, it just is now scaling and then maybe focusing on other issues such as privacy and miner centralization). Ethereum was supposed to be all about dapps and smart contracts, but it is in danger of collapsing if all these dapps suddenly come together and start to work! It will totally break the network.

Octc76

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Hi friends, the answer below might help you a little.
Ethereum is specifically designed to be an open smart contract. Transactions conducted in blockchain can execute a smart contract in various ways, for example by sending a digital currency or data to the contract address. If successfully executed, the smart contract can process more transactions or execute other smart contracts. Ethereum Virtual Machine (EVM), is a software that developers can use to create applications as easily as creating crypto-based transaction applications. With the concept offered, developers do not have to create and manage their own blockchain.

itsv

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Bitcoin is created as an alternative to regular money whereas Ethereum is developed as a platform which facilitates peer-to-peer contracts and applications via its own currency Main purpose of Ethereum is to enable developers to build and run distributed applications DAPPS. You may think of ethereum as an operating system for the blockchain. However In a bit technical terms programming language used by Ethereum is Turning complete whereas Bitcoin is in a stack based language
In terms of block time Ethereum transaction is confirmed in seconds compared to minutes for Bitcoin. And in terms of algorithm Ethereum uses ethash while Bitcoin uses secure hash algorithm, SHA-256

Here is an interesting info graphic explaining some of the major crypto-currencies:

Mt. Dempo

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everyone has khow that ethereum is one of the crypto platform providers for ico or new projects that do not have or do not want to build their own blockchain. these years ethereum has evolved into a large and powerful crypto, it is undeniable that this is due to its many ico using blockchain ethereum, making it a favorite platform and popular crypto.

sash1801

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Ethereum currently sees about 100,000 new addresses a day, with the total number of new addresses doubling since December and now exceeding 35 million.
Comparable statistics for bitcoin are no longer shown by his main block researcher, but according to the latest known data in March, bitcoin had 24 million addresses, while ethereum had 31 million.
The comparison may not be very accurate, as in ethereum smart contracts are the address, but such smart contracts are only thousands, and the gap, at least in March, was about seven million.

lmodric

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if it deals with my investment the analogy between Bitcoin and Ethereum is gold and silver but if talking about the function of these two coins then Ethereum is more auspicious because it is very useful for the development of crypto world.

Xenoph0bia

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Bitcoin centers to be a digital mainstream currency in the future and is currently used more as an investment asset. Ethereum, on the other hand is much more versatile than the pioneer.
Not only as an investment asset, it is used as a platform for posting new ICOs.
The coin can also be used as a token for smart, decentralised e-applications. Also, the coin's development team makes its blockchain much more advanced than the pioneer.

JeffBrad12

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Quote from: Abeleez on May 30, 2018, 09:43:52 AM

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.

The smartcontract was offering immutability, and it has been offering the stable platform (I don't talk about scalability at this moment because that was in the different thing)

There is a lot of dapps built on the ethereum platform.
In fact, a lot of similar platforms are developing the smartcontract and that's something big right now.

Honestly, the real purpose of bitcoin to be the next digital payment system.

monalia

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Ethereum is unique crypto platform because most of the altcoins are depends on ERC 20 so this is high reputed platform and this is the first place in blockchain technology.
Bitcoin is the father of all the cryptocurrency so this is also best in the market.

bubidan.id

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Yes, Ethereum is unique. Different than Bitcoin. Ethereum has a blockchain and in the blockchain, Ethereum has a smart contract. The smart contract makes easy for developers to build their idea. And Bitcoin does not have it. Bitcoin pure currency from blockchain. And Ethereum is a container for innovation. I think Ethereum can beat Bitcoin a few years later.

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