The relationship between Ethereum and Bitcoin - page 2.

howtobuy

member

Activity: 107

Merit: 100

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

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

Gauravbhargava

newbie

Activity: 16

Merit: 0

Quote from: ?? on ??

Ethereum differs from Bitcoin in some ways:

1. In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes.
2. Ethereum has a slightly different economic model than Bitcoin – Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum.
3. Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five.
4. Ethereum uses a memory hard hashing algorithm called Ethash that mitigates against the use of ASICS and encourages decentralised mining by individuals using their GPU’s.

Stay up to date on the related topic with http://www.propthereum.io/.

Ethereum is another cryptocurrency, and one many people see as potentially overtaking Bitcoin as the dominant coin in the market. ... The difference between Ethereum and Bitcoin is the fact that Bitcoin is nothing more than a currency, whereas Ethereum is a ledger technology that companies are using to build new programs.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

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.

yeah, apples and oranges can be seen as a couple too. and apples can exist without oranges. apple being bitcoin and orange being ethereum and in this case it is a rotten orange instead.

if you start to compare the two seriously and not just like a ETH bag holder then you can see all the differences.
bitcoin is a decentralized payment network which people actually use for payment (as a currency), it has limited supply and it is working perfectly fine. the main wallets like bitcoin core had never had any serious issues leading to any loss of funds.

ethereum is a smart contract platform which a bloated blockchain which makes it near impossible to sync your wallet nowadays, it is horrible slow and full of bugs. and because of this ethereum has proven multiple times that it can not handle large number of transactions and will fail.
so far the main ethereum wallets released by the developers had multiple bugs and each time millions of dollars were stolen because of those bugs. the platform itself is also exploitable and smart contracts such as DAO can easily cause lots of issues.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

Ethereum and Bitcoin can be see as a couple that can strengthen each other.

bitcoin has an anonymous creator and this in a way creates a big difference with other coin and bitcoin is accepted as a means of payments for many things, ETH is like many altcoins.

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

But Ethereum can exist and work entirely without Bitcoin.

if bitcoin die, ETH will die together, but if ETH dies, bitcoin will survive without problems

Aaroenz0r

full member

Activity: 504

Merit: 100

Option Blitz

Quote from: avikz on November 10, 2017, 04:30:30 AM

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

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 and ETH are mainly created for two different reasons. Also ETH is technologically superior that bitcoin in many aspects. The best part about ETH is the power to create tokens and smart contracts using ETH platform where the token values are derived from the underlying asset. Also ETH offers near instant transaction confirmation. While bitcoin takes at least 30 minutes to confirm a transaction with high fees. So ETH can definitely exist without the help of bitcoin. Also one thing I have noticed in last couple of weeks, that ETH price is moving on the contrary of bitcoin. Whenever bitcoin price is going up, ETH is going down and vise verse. I don't know anyone else noticed that or not. If this becomes a trend, then ETH can be a very good instrument for the hedging purpose for bitcoin investment.

Yes, I totally agree with you. The strength of ETH is that it creates a platform to support ICO projects create their tokens. It promotes altcoins development. I believe that ETH can exist without BTC.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

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 and ETH are mainly created for two different reasons. Also ETH is technologically superior that bitcoin in many aspects. The best part about ETH is the power to create tokens and smart contracts using ETH platform where the token values are derived from the underlying asset. Also ETH offers near instant transaction confirmation. While bitcoin takes at least 30 minutes to confirm a transaction with high fees. So ETH can definitely exist without the help of bitcoin. Also one thing I have noticed in last couple of weeks, that ETH price is moving on the contrary of bitcoin. Whenever bitcoin price is going up, ETH is going down and vise verse. I don't know anyone else noticed that or not. If this becomes a trend, then ETH can be a very good instrument for the hedging purpose for bitcoin investment.

pentol86

sr. member

Activity: 851

Merit: 254

Borderless for People, Frictionless for Banks

ethereum cant live without bitcoin, because ethereum price encourage with bitcoin price. but ethereum position maybe can replace bitcoin, since bitcoin price like rockett .. , and other users will use ethreum coin to transaction, and finally, ethereum price will up

Enyanha

member

Activity: 286

Merit: 10

Quote from: MadGamer on November 02, 2017, 05:03:50 AM

And bitcoin can't exist and work without ethereum? last time I checked, Bitcoin came to life in 2009 and Ethereum 2014-2015. As long as they are running in separate blockchain, I no reason on how they complete each other. Besides, they are not comparable because they are not meant to be used for the same thing. It's just that Ethereum users lose it and start with the "Flippening" thing and clearly that's not gonna happen because ETH is stuck at 300$ while Bitcoin is skyrocketing alone.

Yes, I was also surprised by this topic. In addition to the fact that both are cryptocurrencies, I do not see anything else in common.

trungnhatnguyen06

jr. member

Activity: 39

Merit: 10

About the time to create the block: the average time each block of Bitcoin is 10 seconds, and Ethereum's time is about 12-15 seconds. Thus, Ethereum's transaction will be faster than Bitcoin's transaction.

spinno

member

Activity: 126

Merit: 10

Bitcoin and Ethereum both have their own functions and each hold their own ground in different ways. Although Bitcoin still remains the boss of all crypto currency.

rayneh

sr. member

Activity: 308

Merit: 250

MatrixCoin - Creating Bright Future Together

Quote from: Bessta on November 02, 2017, 07:02:45 AM

When it comes to philosophy, structure, monetary policy and vision bitcoin and ethereum are different, Btç was developed to operate as digital gold and as cash system. Etherium was introduced to supplement decentralized applications. In a way ethereum developers and companies depend on the bitçoin network for its stability and security. The high interest of bitcoin users, developers and businesses in ethereum is seen in the global exchange market of ethereum. Accordingly, ETH to BTC pair accounts for over 50% of all ETH trading.

The connection between the ETH and BTC is that the Etherium is attempting compete the bitcoins yet the bitcoins is the lord of all crpytocurrencies so no other cryptographic money could happen of the bitcoins the life time of the ethereum is practically completed however the bitcoins will never at any point closes since billions of the general population have put their cash in the bitcoins and they are 100% certain that the bitcoins will never pass on so you ought to put your cash just in the bitcoins.

Bessta

full member

Activity: 560

Merit: 101

When it comes to philosophy, structure, monetary policy and vision bitcoin and ethereum are different, Btç was developed to operate as digital gold and as cash system. Etherium was introduced to supplement decentralized applications. In a way ethereum developers and companies depend on the bitçoin network for its stability and security. The high interest of bitcoin users, developers and businesses in ethereum is seen in the global exchange market of ethereum. Accordingly, ETH to BTC pair accounts for over 50% of all ETH trading.

yyz13857180757

full member

Activity: 406

Merit: 100

Bitcoin has undoubtedly laid the king's position in the field of encrypted currency, and Fang Fang is just a rising star

Faith Joy

full member

Activity: 140

Merit: 100

Quote from: travelgear17 on November 02, 2017, 03:08:27 AM

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.

The relationship of the Ethereum and bitcoin is quite have similarities,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 method even veterans like amazon .

Anonymous Kid

member

Activity: 183

Merit: 25

Quote from: MadGamer on November 02, 2017, 05:03:50 AM

And bitcoin can't exist and work without ethereum? last time I checked, Bitcoin came to life in 2009 and Ethereum 2014-2015. As long as they are running in separate blockchain, I no reason on how they complete each other. Besides, they are not comparable because they are not meant to be used for the same thing. It's just that Ethereum users lose it and start with the "Flippening" thing and clearly that's not gonna happen because ETH is stuck at 300$ while Bitcoin is skyrocketing alone.

Agree with this.

loaddebitcard

hero member

Activity: 672

Merit: 500

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.)

Scorpion

hero member

Activity: 887

Merit: 516

Bitcoin OG

They're like Coca-cola and Pepsi, each have their own taste and each hold their own ground in different ways. They also make each other more competitive and the end result is make people abundantly more happier.

Laya Varghese

member

Activity: 84

Merit: 10

While both Bitcoin and Ethereum are powered by the principle of distributed ledgers and cryptography, the two differ in many technical ways. For example, the programming language used by Ethereum is Turning complete whereas Bitcoin is in a stack based language.

Prodigan786

sr. member

Activity: 434

Merit: 250

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.

ehrz22

full member

Activity: 406

Merit: 105

Quote from: MadGamer on November 02, 2017, 05:03:50 AM

And bitcoin can't exist and work without ethereum? last time I checked, Bitcoin came to life in 2009 and Ethereum 2014-2015. As long as they are running in separate blockchain, I no reason on how they complete each other. Besides, they are not comparable because they are not meant to be used for the same thing. It's just that Ethereum users lose it and start with the "Flippening" thing and clearly that's not gonna happen because ETH is stuck at 300$ while Bitcoin is skyrocketing alone.

Agree, BTC can work by itself and doesnt need ethereum while eth might need btc's help because btc is the oldest crypocoin and widely use bu all investors. There are lots of differences but still they are the 2 most commonly use by us now.

Topic: The relationship between Ethereum and Bitcoin - page 2. (Read 860 times)