Topic: How is Etherium blockchain different from bitcoin blockchain? (Read 114 times)
Main difference I see is smart contracts on eth that allow to create ICO. Other differences are not so important.
Hello guys can someone explain how Etherium blockchain different from bitcoin blockchain?
Ethereum Blockchain ~> Can handle and store transactions and also store programming logic
~> 12-14 seconds Blocks time
~> Using Ethash algorithm.
Bitcoin Blockchain
~> Can store and handle transactions
~> 10 minutes Blocks time
~> Using SHA-256 algorithm.
Bitcoin is plain and pure currency. Devs are working on introducing smart contracts to bitcoin as well (I forgot what that was called 
)
Ethereum and Neo,ADA,EOS,ICX etc. are for programmable money(Smart contracts) and decentralized applications.
Now even if BTC somehow doesnt become the world reserve currency one day, I truly believe that these smart contracts will definitely play a major role in day to day life. The use cases for these are endless, such as Golem which launched their mainnet, it is a decentralized super computer. Even things like monetizing Facebook likes becomes possible.
We probably haven't seen a lot of the mind blowing use cases of programmable money yet. But this is surely a game changer for the whole world. The current smart contract platforms are very competitive against each other, and honestly they each have their pros and cons. I would recommend looking into all of them and understanding what makes each one better and worse, and buying some of all of them.
That said, I think once BTC can do smart contracts, coupled with Lightning network we will see some really interesting things come out of it.
)Ethereum and Neo,ADA,EOS,ICX etc. are for programmable money(Smart contracts) and decentralized applications.
Now even if BTC somehow doesnt become the world reserve currency one day, I truly believe that these smart contracts will definitely play a major role in day to day life. The use cases for these are endless, such as Golem which launched their mainnet, it is a decentralized super computer. Even things like monetizing Facebook likes becomes possible.
We probably haven't seen a lot of the mind blowing use cases of programmable money yet. But this is surely a game changer for the whole world. The current smart contract platforms are very competitive against each other, and honestly they each have their pros and cons. I would recommend looking into all of them and understanding what makes each one better and worse, and buying some of all of them.
That said, I think once BTC can do smart contracts, coupled with Lightning network we will see some really interesting things come out of it.
Bitcoin focuses on tracking ownership of the currency. Ethereum focus on running the programming code or network and tracking smart contract. What is important to always say is that Bitcoin does not exist. What exists is a blockchain where people can create keys to interact with it. So the similarity of ETH and BTC lies in that and ends there.
The difference I like, between Bitcoin and Ethereum is that Ethereum transaction fees are very cheap and fast than bitcoins. blockchain explorer from ethereum more clearly.
oowh...
so,, how many kinds of blockchain exist actually !?
so,, how many kinds of blockchain exist actually !?
In addition to the technical part mentioned above, the basic difference in Bitcoin's Blockchain and Ethereum is that Bitcoin has dates alphas (1.0) and Ethereum have the (2.0) beta, so Ethereum has an updated chain with a contract system that allows the creation of tokens. Now in my opinion it would be interesting a "Bitcoin chain" of contracts, perhaps important to be discussed.
Not necessary for Bitcoin to do that at all, it is complete as a robust payment system. It won't have to deviate from that, although I do feel like a privacy addition is coming soon in regards to Rootstock and other developments such as Lightning Network. 
Bitcoin is blockchain 1.0 and limited Supply = 21M BTC (now about 17M mined)
Etherium is blockchain 2.0 with another mining algo (for GPUs not ASICs), programmable language (solidity), smart-contracts but unlimited Supply (now about 100M ETH mined). ETH's developres are planning to upgrade it to Casper Protocol with POS-POW mining in near future.
Etherium is blockchain 2.0 with another mining algo (for GPUs not ASICs), programmable language (solidity), smart-contracts but unlimited Supply (now about 100M ETH mined). ETH's developres are planning to upgrade it to Casper Protocol with POS-POW mining in near future.
The network updates that Ethereum uses are more open to innovation and more scalable. So in summary I think that the blockchain structure that Ethereum has used will be used more in future.
In addition to the technical part mentioned above, the basic difference in Bitcoin's Blockchain and Ethereum is that Bitcoin has dates alphas (1.0) and Ethereum have the (2.0) beta, so Ethereum has an updated chain with a contract system that allows the creation of tokens. Now in my opinion it would be interesting a "Bitcoin chain" of contracts, perhaps important to be discussed.
Bitcoin is blockchain 1.0 and limited Supply = 21M BTC (now about 17M mined)
Etherium is blockchain 2.0 with another mining algo (for GPUs not ASICs), programmable language (solidity), smart-contracts but unlimited Supply (now about 100M ETH mined). ETH's developres are planning to upgrade it to Casper Protocol with POS-POW mining in near future.
Etherium is blockchain 2.0 with another mining algo (for GPUs not ASICs), programmable language (solidity), smart-contracts but unlimited Supply (now about 100M ETH mined). ETH's developres are planning to upgrade it to Casper Protocol with POS-POW mining in near future.
The supply of ETH actually is limited. As the white paper explains, the rate of supply production will eventually reach 0, thus making more supply impossible.
Ethereum is next generation blockchain that provides out of the box solutions that bitcoin blockchain was not able to provide especially the automation it provides with its smart contracts, secondly its tokenization platform has helped in mass adoption of the blockchain technology and made it very easy for new startups to present their projects and raise funds utilizing eth platform.
Bitcoin is blockchain 1.0 and limited Supply = 21M BTC (now about 17M mined)
Etherium is blockchain 2.0 with another mining algo (for GPUs not ASICs), programmable language (solidity), smart-contracts but unlimited Supply (now about 100M ETH mined). ETH's developres are planning to upgrade it to Casper Protocol with POS-POW mining in near future.
Etherium is blockchain 2.0 with another mining algo (for GPUs not ASICs), programmable language (solidity), smart-contracts but unlimited Supply (now about 100M ETH mined). ETH's developres are planning to upgrade it to Casper Protocol with POS-POW mining in near future.
Hello guys can someone explain how Etherium blockchain different from bitcoin blockchain?
it has different specification than bitcoin blockchain. Remember the smartcontract makes it being different with the bitcoin because you can try to use it to build your own dapps platform.As far as i know, the ethereum history has not been being so far from the bitcoin source code.
Hello guys can someone explain how Etherium blockchain different from bitcoin blockchain?
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