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Author Topic: Ethereum Vs Bitcoin – what’s the difference?  (Read 453 times)
irfan_pak10 (OP)
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September 15, 2016, 05:26:32 PM
 #1

Ethereum Vs Bitcoin – Key Similarities
1. Ethereum and Bitcoin are both open blockchain systems. They sit on their own P2P networks.
2. Anyone can contribute code to the underlying technology or build higher level applications.
3. Actually, Ethereum is a descendant of Bitcoin.

Ethereum Vs Bitcoin – Key Differences

The key differences are in core conception.
1. Bitcoin was conceived as a P2P digital cash system. In the process of achieving this end, the first blockchain was created. Whereas ethereum was born out of a desire to create more complex applications for these networks.

So Ethereum exists as an all purpose platform for creating decentralised applications.

2. The other key difference is that Bitcoin uses an Unspent Transaction Output (UTXO) architecture. To make an application for Bitcoin you must program these UTXOs. Further, user balances are stored as the sum of a user’s UTXOs.


So do you agree with them?

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Ayers
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September 15, 2016, 05:34:01 PM
 #2

ethereum it's not a revolution, because it is based on what bitcoin is based too and other altcoin also are based on, which is the blockchain, until you change this, you can not call any coin a revolution, i see them as a clone

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socks435
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September 15, 2016, 05:35:19 PM
 #3

I think there is different in ethereum and bitcoin. check the coinmarket cap
They are different in volume, price value, market cap, Available suppy.. so if i have a chance to choose i will stay in bitcoin.. because i think the price will increase more.. I forgot also their name  Smiley

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September 15, 2016, 06:01:27 PM
 #4

ethereum it's not a revolution, because it is based on what bitcoin is based too and other altcoin also are based on, which is the blockchain, until you change this, you can not call any coin a revolution, i see them as a clone

Indeed. Bitcoin is the real revolution. Everything else is derivative. Sure, Ethereum is cool, but what Ethereum does, can be done under a Bitcoin sidechain, and in fact it will (see Rootstock).

The idea of a TC computer is still a bad idea in my book, that's why I just can't fully trust Ethereum, I think some day some sort of huge bug will be found, you never know with TC. On the other hand, Bitcoin is simpler, and thanks to this, robust as a rock.
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September 16, 2016, 02:31:11 PM
 #5

Rootstock will be so behind ethereum in tehnology, development and everything else, it won't even matter. They are already 1-2 years behind, doubt they can catch up. And that assuming that rootstock is actually moving forward. Remember, bitcoin is where it is only because it was the first, it doesnt matter much how many more projects will be able to do the same.
Simple things remain..simple. Only trying to become "money" is aiming low, who here bothers irl with bitcoin, really ? It is used only for speculation. Yeah some places accept it, but that btc also lands on exchanges, bitcoin is not stuck in a real market where people trade it around for goods. Or do you think those places that accept btc use it forward to pay for goods / services ?
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September 16, 2016, 04:07:22 PM
 #6

BTC has 10 minute confirmation times.

ETH has 10 second confirmation times.

You do the math which one will challenge VISA.

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