Bitcoin Forum

We understand that as a beginner it might be difficult to differentiate between different cryptocurrencies so we will try to give you a brief summary of Ethereum in comparisson to Bitcoin and what sets them apart.

Bitcoin was the first cryptocurrency that was developed and it is the longest running most well-known digital currency. Vitalik Buterin, the founder of Ethereum, found that the bitcoin protocol was lacking in the sense that it did not give users the ability to program on top of the blockchain. As a result of this alot of developers would be required to create their own blockchain to meet their needs. In other words, Vitalik saw the demand for a general purpose blockchain that could be used as a decentralized application platform and created the whitepaper for the Ethereum platform.

Ethereum allows for the creation of smart-contracts which means you can program contracts with various complex conditions that are able to enforce themselves. As to the economic model of Bitcoin in comparisson to Ethereum, this differs in that Ethereum has a static blockreward that will not change over time in contrast to bitcoin of which the blockrewards halve every four years. There are also more technical differences between the two cryptocurrencies but the basic philosophy behind Ethereum is that it will allow for more modern applications to be coupled to the platform with more ease.

When we are going to compare both on a daily basis or in adoption I think Bitcoin will win because majority of countries around the world embrace Bitcoin as an investment and as a payment method rather than Ethereum. Institutional investors and famous Billionaires choose Bitcoin rather than Ethereum.

in my opinion, because bitcoin is the first cryptocurrency and the largest crypto market capitalization, so the majority of citizens in any country prefer bitcoin over ethereum.

Read history, there were other coins before bitcoin.

https://ihodl.com/lifestyle/2018-11-18/nick-szabo-man-behind-bit-gold-and-smart-contracts/
Nick Szabo defined smart contracts 14 years before bitcoin. He first really emerged in the crypto lore with his 1996 publication of “Smart Contracts: Building Blocks for Digital Free Markets” in Extropy.
http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart_contracts_2.html

Bitgold project
https://web.archive.org/web/20060329122942/http://unenumerated.blogspot.com/2005/12/bit-gold.html

As long as I know the crypto world, I have learned that bitcoin is the first crypto ever. I think it's not just me who thought that the first crypto was bitcoin, I think people out there will think the same as me.

thank you for providing a very important historical article.
i will read it!

Bitcoin is simply the king of crypto while ethereum is the place to deploy new ideas and concepts. There have been many projects running on the ethereum blockchain already which make the network stagnant. And as you say, most of people will choose bitcoin rather than ethereum due to bigger adoption and larger marketcap. After all, bitcoin will always be the strongest cryptocurrency

why do many use the ethereum platform instead of bitcoin? because if you use the bitcoin platform transaction fees will be more expensive.

Look at now that Ethereum's transaction fees are starting to get expensive too, many new tokens that have sprung up are no longer using the Ethereum platform anymore.

now many are using the TRX-20 and BSC-20 platforms.

Because of what?
because transaction fees are cheaper compared to the ethereum platform.

Bitcoin is the first cryptocurrency created to be developed into digital currency that has limited amount, and is the parent of all altcoins, whereas
Etherem is place to spread new ideas and concepts in the form of platform or a network in the form of project that aims to generate unlimited number of coins,

I think the difference between bitcoin and etherem is very far, bitcoin is the first coin to be created and recommended to be a digital currency, which is limited in number, While Etherem is a network or platform designed to create new ideas, etherem is under the umbrella of BTC,

And the fact that bitcoin has a max supply which was one of the very basic intentions of crypto.  Can you tell me the max supply ethereum?  I know there are merits to eth and its platform but having a Neverending supy increase seems to be a bad idea that doesn't get discussed all that often  :-\

Many difference have been said on the two giants in their kingdom but I still have to mention that bitcoin is a community based coin and that is a big distinguishing factor making bitcoin non controllable or influenced by any developer. Bitcoin can only be influenced by demand and supply. Satoshi is out of the seen but Vitalik is very much in the scene.

You can explain that into the simple words just like

Bitcoin was an original coin and then altcoin was a fork coin from the bitcoin. In fact, the source code that used to generated altcoin was coming from the developers who have been modifying the bitcoin code.
That's more than enough to explain the differences between both. No need to mention the different in the technical field as it already explained everything.

It's good that you understand something about all the difficulties of beginners. And I can also see that you are a newbie. But coming to a forum to copy from other sources is the wrong approach. Your entire post was copied from another forum and is almost three years old. This is the first warning against plagiarism. I think that if you repeat plagiarism, we will not see you.

https://loyce.club/archive/posts/5676/56765179.html

https://www.altcoinstalks.com/index.php?topic=43442.0

https://i.ibb.co/L1LKfKV/Screenshot.png (https://ibb.co/qpt6w6T)

Read the forum rules!

Nice explanation, thank you. In spite of the utilities, as a pioneer, Bitcoin still won compared to ethereum since people still look up to bitcoin price and invest more into it. Many people in the world know about bitcoin, they don't know about blockchain, furthermore about ethereum. This is why, ethereum called altcoin which is an abbreviation of the alternative coin, which is what we mention coin other than bitcoin. However, ethereum has many contributions to the crypto sphere, this is the first project that implements the smart contract and possibly another project to build their own project on top of that.

There is a huge difference between both coins. BTC is the king of crypto coins and ETH is the alt coin. Both have their own block chains. But overall both are top coins of crypto market. And these are most used coins for trading. But a major difference is that every coin is dependent on Bitcoin price.

There are many differences between bitcoin and ethereum such as coin max supply, coin price, block time, block reward, etc..
But i think the main difference between bitcoin and ethereum is the smart contract, now we can program the blockchain thanks to it.
Even though bitcoin doesn't have smart contract, tokens or whatsoever, it is still above of all cryptocurrencies in the world.