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Author Topic: How is Bitcoin different from Etherium?  (Read 1252 times)
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May 19, 2018, 06:01:35 AM
 #21

Although both BTC and ethershop are based on the principles of distributed ledger and encryption technology, the two are still different in many areas of technology. For example, the programming language used by ittai is Turning complete, while BTC USES a stack based programming language. Other differences include blocking time (the etheric lane transaction confirmation within a few seconds, while the machine is in a few minutes) and their basic algorithm (Ethernet lane use ethash and BTC is using a secure hash algorithm, SHA - 256).

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May 19, 2018, 06:52:56 AM
 #22

Both Bitcoin and Ethereum are cryptocurrencies. Bitcoin being a digital dollar is exclusive of all the bank formalities and people invest in it hoping that it's price will go up in the coming years whereas Ethereum on the other hand is more robust while both have block chain technology base etheruem is using 2.0 version compared to Bitcoin using 1.0 version.
 Ethereum technology is supported by heavy technology which is Enterprise Ethereum Alliance which is basically group of 500 fortune companies formed together "smart group" that work together for discovering the new applications for the Ethereum technology.
As compared to Bitcoin Ethereum has been considered to have more promising applications though Bitcoin technology has also been used and is in process of application by big enterprises of developed countries.
Only time will tell which one will survive and be on top in the market. Let's see Smiley
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May 19, 2018, 01:40:36 PM
 #23

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 ia the king of cryptocurrency because it has larger market share then ethereum. Bitcoin has higher value then ethereum. Bitcoin is accepted in many country then ethereum. Ethereum is the second most popular cryptocurrency after Bitcoin. Both coin are different from in other in many technical way. In case of money transaction speed ethereum has best track record then Bitcoin. And ethereum has different programing and concept then Bitcoin. Bitcoin is primarily meant for transaction where as ethereum is used for running some kind of distributed application known as Dapps.


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May 19, 2018, 01:46:11 PM
 #24

Bitcoin is the father of all coins and it is the most sought and popular coins in cryptocurrency and until no coins can surpass it's price and when we say etherium it is a coin thats making it's way to become also popular as Bitcoin.

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May 19, 2018, 02:10:11 PM
 #25

when we say crypto currency. people must know it is bitcoin. and it can be concluded that bitcoin is a popular coin in the crypto world. and it is no longer denied that bitcoin is the originator of the popularity of digital currencies

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May 19, 2018, 02:30:02 PM
 #26

bitcoin is the No. 1 coin, is the most expensive of all other coins in the world of cryptography, and ETH is a coin after bitcoin, so the difference between bitcoins and ETH depends on the price and its potential.
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May 19, 2018, 02:34:15 PM
 #27

Bitcoin is the father of all coins and it is the most sought and popular coins in cryptocurrency and until no coins can surpass it's price and when we say etherium it is a coin thats making it's way to become also popular as Bitcoin.

Not just about the popularity but the technology eth is quiet different from bitcoin but of course these two coin is great. Bitcoin may stay on top buy eth will still follow bitcoin until people realize that investing on theae two coin is a good choice.

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May 19, 2018, 03:49:50 PM
 #28

The difference is that the Ethereum platform is Turing-complete. Various new functionality can be developed with relative ease. This makes the blockchain Ethereum often also called programmable blockchain. While Bitcoin has only one function that aims to facilitate peer-to-peer transactions as a digital currency.
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May 19, 2018, 03:54:31 PM
 #29

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 nothing to more than a currency, Etherium is a ledger technology that companies are using to build new programs. Bitcoin and Etherium operate blockchain technology, however Etherium is far more robust. if Bitcoin is 1.O Etherium is 2.0 allowing for the building of decentralized applications to be built on top of it.

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May 19, 2018, 04:26:24 PM
 #30

I like bitcoin, because aside of the big and valuable amount the transaction is easy and fast. Unlike in ethereum in the myetherwaller, there are many transaction you will need to study like transferring or depositing. So for me, I always choose Bitcoin.

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May 19, 2018, 04:26:31 PM
 #31

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.
What a load of nonsense. You couldn't be any more wrong. People had been trying to figure out a trustless, decentralized electronic payment method for a long time. None of them could solve the double spend issue without using a centralized ledger. Bitcoin elegantly solved it.

I assume you are a newbie who has just recently been awestruck by the promises of ICO vaporware and the "amazing" things that people will do on this "decentralized global computer" called Ethereum. It is hard not to get bedazzled by all the marketing. You need to study bitcoin a lot more to understand it's technical as well as socio-economic aspects that excited the first people Satoshi contacted. For example, Here is one of the greats, Hal Finney speaking about it in his own words.

Also, Please stop shilling Ethereum like it is some kind of promising long term investment. It has proved none of it's proposed usages. It has only contributed to the ICO craze and even there it has competition in the form of competing chains like EOS, Lisk, QTUM etc. For anybody is looking for a long-term investment, bitcoin with its proven network, robustness, utility and community should take be the biggest part of your investment.

OP might want to stick this to his posts for being a great one. It is not about the disagreement but how people look at it.
Engaging to better answer this difference of two valuable currencies by now.
I also would pick bitcoin if you are really looking at long term or better never even selling it for usage on the future.
We just cannot see that now and Ethereum is being mostly used by now because of the hype of the ICO's. Again better look at it using a magnifying glass and don't come to conclusions like it is already the future here.
We are still in the stage where people are glued to the traditional fiat.

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May 19, 2018, 04:51:30 PM
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 #32

There are many differences between Bitcoin and Ethereum.
1.   Bitcoin creates 12.5 new Bitcoins every 10 mins and Ethereum creates 3 new ethers every 15 seconds.
2.    Bitcoin is limited to 21 million Bitcoins, of which 16.7m have been created so far. Ethereum has no hard cap currently, but there are plans to reduce or stop issuance in a year or two.
3.   Bitcoin creates new block every 10 minutes and Ethereum creates new block in 15 seconds.
4.   Ethereum assigns a cost, known as gas, to every operation or use of storage on the blockchain. Bitcoin transaction costs are based simply on their size.
5.   Ethereum smart contract code lives at its own address on the blockchain as opposed to being within a transaction as in the case of Bitcoin.

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May 19, 2018, 05:12:53 PM
 #33

Bitcoin and Ethereum was two best coins in crypto currency world.Bitcoin is known as assured profitable crypto currency.Whereas Ethereum is best for long term profitable crypto currency.Sometime you will get more profit in Ethereum compared to bitcoin.

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May 19, 2018, 05:32:03 PM
 #34

Bitcoin is the father of all coins and it is the most looked for and well known coins in digital money and until the point when no coins can outperform it's cost and when we say etherium it is a coin that is advancing toward turned out to be likewise famous as Bitcoin.
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May 19, 2018, 05:34:07 PM
 #35

bitcoin was created the year 2009 and it is said to be the origin of all cryptocurrencies and is the one that creates the blockchain and is called to be the digital gold. Ethereum, on the other hand, was created the year 2015 transactions are much easier in ethereum and It is also known for its versatility. Both are famous crypto currencies but both have different objectives.

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May 20, 2018, 03:36:20 PM
 #36

While to many Bitcoin and Ethereum are both simply examples of cryptocurrencies digital money transfer systems which use blockchain technology and encryption - there are subtle differences in how they work and what they can be used for.

if you are looking to invest for speculative reasons. or even more so if you are considering using either platform for business- it's important to understand those differences. because they could be the deciding factor in which coin (if either) goes on to become a widely accepted standard, and wich will disappear into obscurity and worthlessness.
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May 20, 2018, 07:31:49 PM
 #37

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.

The distinction between Bitcoin and Ethereum is that the indisputable fact that Bitcoin is nothing over a currency whereas Ethereum may be a ledger technology that corporations square measure victimization to make new programs. The common thing in Bitcoin and Ethereum that each operates on blockchain technology.

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May 20, 2018, 11:50:13 PM
 #38

Bitcoin is the Pioneer in crypto currency followed by ethereum.Bitcoin is used for P2P transactions whereas ethereum provides a platform for the tokens issued nowadays.

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May 20, 2018, 11:58:26 PM
 #39

In many ways bitcoin is different from Ethereum. Bitcoin is best for both short and long term trafers.But Ethereum is best one for long term traders.We no need to hold for very long period to get profit in bitcoin.We have to wait some long period for Ethereum,till it price is reaches maximum.
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May 21, 2018, 12:30:39 AM
 #40

The main difference between Bitcoin and Ethereum is that Bitcoin is only a coin while Ethereum is a coin and a platform as well. Its smart contract platform allowed many people to create and invest in tokens using the ETH network. But both BTC and ETH are the most valuable crypto currencies right now.

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destream
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JOIN OUR TOKEN SALE
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