fishball
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 Offline
Activity: 336
Merit: 10
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June 03, 2018, 07:58:35 AM |
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How is Bitcoin different from Etherium?
I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.
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So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?
Bitcoin
Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.
Etherium
Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.
Conclusion
For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.
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. Other differences include block time (Ethereum transaction is confirmed in seconds compared to minutes for Bitcoin) and their basic builds (Ethereum uses ethash while Bitcoin uses secure hash algorithm, SHA-256). (See also: Risks and Rewards of Investing in Bitcoin.) Read more: Bitcoin Vs Ethereum: Driven by Different Purposes | Investopedia https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp#ixzz5HLZp8UfF Follow us: Investopedia on Facebook |
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normanderecho
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June 03, 2018, 01:20:02 PM |
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How is Bitcoin different from Etherium?
I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?
Bitcoin
Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.
Etherium
Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.
Conclusion
For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.
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. Other differences include block time (Ethereum transaction is confirmed in seconds compared to minutes for Bitcoin) and their basic builds (Ethereum uses ethash while Bitcoin uses secure hash algorithm, SHA-256). (See also: Risks and Rewards of Investing in Bitcoin.) Read more: Bitcoin Vs Ethereum: Driven by Different Purposes | Investopedia https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp#ixzz5HLZp8UfF Follow us: Investopedia on Facebook For me the defferent of bitcoin on ethereum is the price because we know the price of bitcoin is so big and theres a potencial to growth in the original price and bitcoin is the king in all cryptocurrency and all cryptocurrency is depending in value of bitcoin if the price will goes up all crypto to will goes up also. |
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Boh manok
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Activity: 328
Merit: 10
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June 03, 2018, 08:59:11 PM |
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Probably this bitcoin and ethereum has its own connection because the bitcoin is the parent of all altcoin and includes the parent of ethereum if you have relatively small capital you better buy ethereum and again this ethereum is suitable for long-term investment and again more relative ethereal changes and not fluctuating like bitcoin.
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davinchi
Legendary
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Activity: 2100
Merit: 1058
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June 05, 2018, 01:14:24 PM |
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Bitcoin is the king of cryptocurrency and Ethereum is queen of cryptocurrency. This two coins are shining in the market from long.As compared to the percentage of investors in this two coins is greater than all altcoin. Now a days many ICO is depend on Ethereum and this made huge investors in Ethereum.
Yes, Bitcoin is the first coin and Etherium is the second or the king and queen of all currency. Bitcoin has a large value compare to etherium but etherium is more profitable when you analize it. Bitcoin is good for long term investment and in etherium is good in short term investment because every minute the value grows. But both of this is volatile. I always like the way that is usually called. The king and the queen and there is no doubt that these two are the most heard and interesting coin for now based on the purpose they have served over time, with the king solving payment issue as a currency globally without any form of third party in between, whereas the queen solving the smart contract issue with a lot of improvement on and on over the years. Not just both are volatile, as the whole market in general has a huge volatility which we can't simply run from. |
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medcrypto
Newbie
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Activity: 24
Merit: 0
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June 05, 2018, 01:22:45 PM |
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I will have to say that No Doubt this is one of the best explanation in regards to the difference between the two. I will definitely like to say THANKS  How is Bitcoin different from Etherium?
I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?
Bitcoin
Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.
Etherium
Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.
Conclusion
For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.
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OrangeII
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June 05, 2018, 01:30:30 PM |
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Probably this bitcoin and ethereum has its own connection because the bitcoin is the parent of all altcoin and includes the parent of ethereum if you have relatively small capital you better buy ethereum and again this ethereum is suitable for long-term investment and again more relative ethereal changes and not fluctuating like bitcoin.
of course it's different, basically it's different in usage. although BTC and ETH always compete. well, but it's very difficult to distinguish between the two, it's just that I feel that bitcoin is still better than ETH. |
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d0flaming0
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June 05, 2018, 02:02:00 PM |
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Probably this bitcoin and ethereum has its own connection because the bitcoin is the parent of all altcoin and includes the parent of ethereum if you have relatively small capital you better buy ethereum and again this ethereum is suitable for long-term investment and again more relative ethereal changes and not fluctuating like bitcoin.
of course it's different, basically it's different in usage. although BTC and ETH always compete. well, but it's very difficult to distinguish between the two, it's just that I feel that bitcoin is still better than ETH. practically there is no point comparinh those two coins which has basically different platforms and purpose one another. from different aspects many would prefer bitcoin as it is the first crypto, then second they would choose ethereum which has solid structure, but all in all they have different features, it is literally hard for me to distinguish which i should prefer, besides i am earning both of them and in a healthy way, so personally i cannot argue with which is better. |
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Red Fish
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June 05, 2018, 02:10:24 PM |
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Bitcoin of course in Nr.1 in crypto world, but ETH is very, very promising altcoin. Do not forget, that Bitcoin mining will end one day, so altcoin and also ETH will go up. So you can invest in ETH and wait for good price.  |
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kikay15
Member
Offline
Activity: 127
Merit: 10
Global Risk Exchange - gref.io
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June 05, 2018, 03:01:35 PM |
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How is Bitcoin different from Etherium?
I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?
Bitcoin
Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.
Etherium
Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.
Conclusion
For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.
Bitcoin and ethereum are very different but the same value to us. Its the same big help to everyone, because bitcoin is so much expensive unlike ether. So its different but the same money. |
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zakariajaki
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June 05, 2018, 03:15:04 PM |
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Additionally, I think of the simple etherium and bitcoin, etherium I think the second alternative to the first or the top of the crypto trade is the bitcoin and the mother of altcoin, both of which are unique and distinctive, according to this only the problem of our ability, in buying or investing of the price and our ability as a user of crypto can adjust the existing alternative if not able to invest with bitcoin we buy etherium only, if etherium is a lot of time to buy bitcoin, even if we can not buy both there are many other alternatives in accordance with buget investment ability, while waiting and seeing the market price developments, it may now be as long as the benchmark of the bitcoin-based crypto price includes the price of etherium so that all market prices are still under bitcoin nauangan but that does not last long could be someday there are replacing bitcoin positions as peaks of the standard market price, may be useful and successful for all of us
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Barbarian
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June 05, 2018, 04:37:07 PM |
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There are two main differences between bitcoin and ethereum that are not related to the technology, the first is the limit of the coins, ethereum has no limit and bitcoin does this makes bitcoin better, and second bitcoin is immutable while ethereum is not and that is a critical difference.
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Digital_Lord
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June 15, 2018, 04:22:44 PM |
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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. Both Bitcoin and Ethereum operate on what is called “blockchain” technology, however Ethereum’s is far more robust.
Yes that is right to say that different projects are using Etherium as their platform but still we have to accept the fact that Etherium is still not so much popular as compare to bitcoin, whose people is even increasing from time to time. |
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mahilchii
Member
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Activity: 560
Merit: 13
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June 15, 2018, 05:17:27 PM |
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Your posting almost said every aspect of positive things about Bitcoin and Ethereum and there is no other specific thing to say from my end but one thing for sure is Bitcoin will be the king of all crypto currency for ever and Ethereum will be the king of all altcoins for ever.
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cmacwiz
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June 16, 2018, 05:34:45 PM |
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I will have to say that No Doubt this is one of the best explanation in regards to the difference between the two. I will definitely like to say THANKS How is Bitcoin different from Etherium?
I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?
Bitcoin
Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.
Etherium
Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.
Conclusion
For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.
Bitcoin is the number one cryptocurrency and is the most expensive and valuable one.Ethereum is the second cryotocurrency and is not that much valuable.Bitcoin has established itself from the last nine years and day by day more and more people are joining bitcoin.On the other hand ethereum has just started recently and does not have that much of users.Bitcoin is known to many people.Bitcoin is the choice for investment in today's date as it gives huge amounts of profits.But this is not the case with ethereum. |
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19faraon88
Member
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Activity: 252
Merit: 12
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June 16, 2018, 05:39:34 PM |
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For me the only different of these two cryptocurrency is their popularity. Both of them, can generate income to our investment. Both of them have great position in the market.
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owmivmen
Jr. Member
Offline
Activity: 644
Merit: 1
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June 16, 2018, 05:46:53 PM |
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yes many differences between bitcoin and ethereum. from many different technologies. but ethereum is very good and more modern than bitcoin. the speed of transactions and the cost of shipping is very cheap ethereum rather than bitcoin.
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Hannahanto
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June 16, 2018, 05:50:41 PM |
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Bitcoin and Ethereum both are good coins for investment. Bitcoin is the king of cryptocurrency while ethereum is next to bitcoin. Bitcoin suits for both long term and short term investment. But Ethereum is only for long term investment. Now many projects are based on ethereum due its blockchain technology. Bitcoin is very fast in its growth and Ethereum takes time to shows its growth. Both are good for investment.
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Xenoph0bia
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June 16, 2018, 06:34:15 PM |
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Bitcoin on one hand being the pioneer is much more widely accepted in the financial market than Ethereum and hence has a more market capital. Ethereum works with a more advanced technology and hence has a more developed blockchain and secure cryptography.
While Bitcoin is currently used just as an investment asset, Ethereum is more versatile and is used as a token for smart, decentralised applications and also is used as a platform for posting new ICOs.
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davinchi
Legendary
Offline
Activity: 2100
Merit: 1058
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June 25, 2018, 09:58:12 AM |
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How is Bitcoin different from Etherium?
I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and don’t forget to say “thanks”.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
So let’s start off with the question “What are Bitcoin and Etherium?”. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?
Bitcoin
Bitcoin is often defined as the “digital gold” and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.
Etherium
Etherium, on the other hand, is defined as the “digital petroleum”. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to it’s flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny it’s usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so “open-minded” as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.
Conclusion
For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.
Yes, Ethereumis good, but I don’t think it will ever be able to reach the level of competing with Bitcoin and taking its position as the leading cryptocurrency in the world. When you think of cryptocurrencies, the first thing that comes to everyone’s mind is Bitcoin, and whatever happens to Bitcoin affects the others. Even when BCH (Bitcoin Cash) was introduced after the hard fork, lots of people thought that would have been the end for Bitcoin, after it dropped to a certain level, it still got up. Bitcoin will always be the best because of so many reasons, no need to doubt it. |
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Dmitry.Vastov
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July 04, 2018, 04:20:33 PM |
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Bitcoin on one hand being the pioneer is much more widely accepted in the financial market than Ethereum and hence has a more market capital. Ethereum works with a more advanced technology and hence has a more developed blockchain and secure cryptography.
While Bitcoin is currently used just as an investment asset, Ethereum is more versatile and is used as a token for smart, decentralised applications and also is used as a platform for posting new ICOs.
I still feel that bitcoin is better than etherum in all aspects, compare the statistics, growth graph, the valuation, popularity, the potential, number of investors of bitcoin and etherum and I think bitcoin is superior in all these aspects, though etherum worktop more developed technology and has more developed block chain but still bitcoin always has upper hand over etherum and moreover people find bitcoin more trust worthy and profitable than etherum. |
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