Bitcoin Forum
June 21, 2024, 08:16:51 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between BTC and ETH. on: April 13, 2021, 06:20:05 AM
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.
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.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between BTC and ETH. on: April 12, 2021, 03:54:34 PM
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!
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between BTC and ETH. on: April 12, 2021, 01:38:37 PM
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.
4  Economy / Speculation / Re: Who else wakes up every day asking if this is the day I'm taking some profits on: April 12, 2021, 12:53:02 PM
I think it all depends on the needs, because the needs of each are very different. there is nothing wrong with selling everything if there is an urgent need, and there is nothing wrong with selling half of our crypto assets. because some are indeed crypto is the main job and some are making side jobs.
5  Alternate cryptocurrencies / Altcoin Discussion / Difference between BTC and ETH. on: April 12, 2021, 12:38:30 PM
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.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!