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Topic: The relationship between Ethereum and Bitcoin (Read 823 times)

member
Activity: 139
Merit: 11
December 19, 2017, 12:21:32 AM
#42
Bitcoin and Ethereum can be connected in the way they are being used by people to have money. But all in all, they are different from the year they started and from their mechanics. One of these is the block time of Ethereum which is approximately 14 to 15 seconds while Bitcoin is only in 10 seconds. They are also different in terms of method of costing transactions. In Ethereum, it depends on the computational complexity, bandwidth use and storage needs while Bitcoin compete equally with each other. Another difference is that Ethereum is crowd funded while Bitcoin, being created first, was helped by early miners.
sr. member
Activity: 250
Merit: 250
I think there have no relationship between Ethereum and bitcoin. They are different to each other.WE know that bitcoin is best and digital currency . But Ethereum is not a digital currency, it is Alt. All of they Alt ethereum is the best. But we can be mining both coin. So we can said that ethereum and bitcoin are different to each other.
legendary
Activity: 3766
Merit: 1368
Note that whenever I open the Ethereum website - https://ethereum.org/ - some kind of application takes over my Internet connection and starts using my computer for who-knows-what, downloading who-knows-what into my appdata temp file. I don't have to try to download anything. It is beyond the page simply loading.

This is one difference between the main pages of Bitcoin and Ethereum.

Cool
hero member
Activity: 1484
Merit: 516
Both have different advantages but the core of both of them is an asset at the same time as now,related indeed but still more in the BTC is promoted by many traders out there who have increased the price.
full member
Activity: 546
Merit: 102
Stake's discord https://discord.gg/cZhK9vp
While they might strengthen each other, long term they are direct competitors.

While I like ETH better, who knows which one gets the throne in the end. Perhaps neither of them.
member
Activity: 110
Merit: 100
And Bitcoin worked pretty good even before Ethereum. There is no relation between them. Just independents 2 cryptocurrencies with different blockchains.
hero member
Activity: 700
Merit: 500
Yes, Btc and eth are the strongest at the moment
. But I think that is often used by investors is Btc.
I agree. Both bitcoin and ethereum are currently very strong and other coins will always have a tough time catching up to them. I do feel that there is a unique relationship between these two coins, but bitcoin will always be my favorite among those two if I had to choose one mainly due to its value and features that I have fallen in love with.
I think the only relation between bitcoin and Etherium is that both are crypto currencies, and otherwise there is no any other relation between the two. Bitcoin is the base currency while etherium is a alternative currency of bitcoin, but after bitcoin Etherium is the 2nd best currency where people are showing interest to invest money there.
hero member
Activity: 1078
Merit: 514
This relationships remind me the case of the first social networks. Zukerberg created the Facebook and initiative Russian guy just copied it and appeared Vkontakte which is also wery popular at all post USSR and not only space. I use it too, cause of I like the opportunity to listen music and watch movies directly from there. So, it is even better to me than Facebook.
With Bitcoin and Etherum the same. Russian guy (again) Vitalik Buterin copied Satoshi Nakimoto's Bitcoin and Etgerum appeared and again, it is better than original Bitcoin Grin I think those two currencies will stay competitors forever and they will have their own fans.
sr. member
Activity: 1176
Merit: 301
Yes ethereum provide solution to create smart contracts where most of the coins are tokens exist based on ERC20 or above token which is created on ethereum platform . Bitcoin is payment solution where its already beating worlds most popular payment metheod even veterans like amazon , Microsoft started to accept bitcoin as payment mode.

Totally agree with this, bitcoin is widely used for transactions while ethereum is commonly used for token payments in ethereum platform. There is no direct relation between the two because each of them has different characteristics and both has good potential. Both of them are convenient to use because bitcoin made daily transactions easy, while ethereum made crypto trading convenient.
full member
Activity: 882
Merit: 148
Yes, Btc and eth are the strongest at the moment
. But I think that is often used by investors is Btc.
I agree. Both bitcoin and ethereum are currently very strong and other coins will always have a tough time catching up to them. I do feel that there is a unique relationship between these two coins, but bitcoin will always be my favorite among those two if I had to choose one mainly due to its value and features that I have fallen in love with.
member
Activity: 112
Merit: 10
It all depends on what we want from these digital tokens. If we want to have a reliable token that is over protected, has high liquidity, time-proved reliability, no devaluation, in general we want to use it as a means of long-term saving, then bitkoyn is beyond competition. As a means of exchange and payment, it has a shortcoming in the form of a long confirmation time, in this field it is inferior to many other tokens (for example, Litecoin, Dash, Ethereum). This drawback is due to the underlying reasons for which reliability and stability are the first to be borne out. This shortcoming will be resolved within the next 1-2 years. Without changing the basis, opportunities are being developed for creating "layers", superstructures over the main protocol, which will be used for comfortable exchange (trade) and payments (deferred payment). And also the creation of contracts, applications, etc. And in this respect bitkoyn is very consistent. After all, you can not be everything at once. First you need a solid foundation, then build on
member
Activity: 171
Merit: 10
Ethereum and Bitcoin can be see as a couple that can strengthen each other. But Ethereum can exist and work entirely without Bitcoin.
its just my guess. what about your point.

No need to put two different things in one basket. Both coins have different ideologies behind them so I don't think they are really competing with each other 

I agree with it. Because in this present time, there is no direct relationship between bitcoin and ethereum. When the price of bitcoin increases or decreases, the ethereum remains unchange.
full member
Activity: 197
Merit: 100
NO.. There are have  no relationship between Ethereum & Bitcoin.Two are different things. Ethereum is known as altcoin  and its have own blockchain, the store other asset or token and they have smart contracts. But bitcoin known as digital currency. Both coin can be mining. Bitcoin ranking is top position and  bitcoin popularity is better then ethereum. But Both coin have good future and really potential and profitable.
sr. member
Activity: 280
Merit: 250
Yes, Btc and eth are the strongest at the moment
. But I think that is often used by investors is Btc.
sr. member
Activity: 392
Merit: 253
Open and Transparent Science Powered By Blockchain
Bitcoin and Etherium are like iPhone and Xiaomi. First one is a king and is somewhat overpriced another one is much cheaper for the same or better functionality. Trust me, Etherium is gonna go up rapidly when people will realize that it's more convenient in some cases (like smart contracts and etc.)
Agree. Iphone cannot dominate the market forever, the meta will change in future.
full member
Activity: 1260
Merit: 100
SOL.BIOKRIPT.COM
I think personally,!!ethereum is one of the bitcoin competitors that can take the hearts of people even though the price issue is still far behind with bitcoin,and
anyone can get the token in ethereum, for example the new account in btt can follow the token project that can be sold in eth market..besides that how to follow its easy enough not as tight as bitcoin and many new btt accounts popping up.
but I am currently, not enough knowledge to follow the project in bitcoin..!
need to learn a lot from the seniors in btt ..Smiley
full member
Activity: 168
Merit: 100
I think there are no relationship between Ethereum & Bitcoin.Two are different currency.ETH is known as alt coin but BTC known as digital currency.Bitcoin ranking is top & BTC popularity is better then ETH.ETH position is after Bitcoin i know.Two this coin future so much potential.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Ethereum and Bitcoin can be see as a couple that can strengthen each other. But Ethereum can exist and work entirely without Bitcoin.
its just my guess. what about your point.

Bitcoin is the first of all cryptocurrencies which have become popular and used worldwide. Ethereum will always remain a second to bitcoin. Now there are some advantages that ethereum provides over bitcoin and which is why people use it - transferring ether tokens needs ether as fuel (gas).

Without bitcoin trading of ether will be tough because most crypto traders first deposit fiat and then buy bitcoin with it which they subsequently exchange for other altcoins. If fiat<->ether conversion would be made smoother then possibly ether would be traded more easily.

This does not mean ethereum need bitcoin to function. As a service ethereum does not need the help of other currencies
full member
Activity: 378
Merit: 101
Ethereum and Bitcoin can be see as a couple that can strengthen each other. But Ethereum can exist and work entirely without Bitcoin.
its just my guess. what about your point.

This are two completely different currencies. With completely different use cases. I never understand people who compare them. These two are not in competition. They can exist with or without each other. These two have strengths that are independent of each other.
newbie
Activity: 42
Merit: 0
Both bitcoin and ethereum operate on what is called blockchain technology  but has their separation of roles and the fact that they are aiming but has a different goals. However ethereum is far more robust and in demand, It seems that Ethereum is slowly stabilizing and becoming more main stream.
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