How is Bitcoin different from Etherium?

[ArteMixer]

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.

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[sepeda karat]

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.

[Kikir leutik]

Bitcoin is the base of all cryptocurrency, and Bitcoin will remain the king of Crypto. Actually, I do not want any coins to be able to cope with Bitcoin as a means of investment,
of the earliest bitcoins are made as cypto currencies but at high prices many investors invest in bitcoins.
as well as Etherium although widely used by many real projects but will not beat the bitcoin position.

[amishmanish]

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.

[yunzau]

yes it is different because bitcoin is a digital currency that uses peer to peer networks and uses a database for its distribution. while ethereum is a chain platform block and functions like a virtual machine.

[omfg.xekcep]

Bitcoin is a top coin and ETH is the second one. BTC has an immense capitalization and liquidity and BTC is very popular because a typical person imagines all crypto tech as just bitcoin. May be later ETH will change BTC but not soon. Anyway BTC is a very attractive asset of investing especially for amateurs.

[bocyaj]

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.

[jonemil24]

- An average joe searched bitcoin on google - he found it on wikipedia

- then he searched for more - "bitcoin price", he saw coindesk and there were 5 coins listed on the right side of their page; what are those coins listed under bitcoin?, he asked himself.

- he searched a little further, goes back to searching 'bitcoin price", he saw coinmarketcap - average joe was shocked by the number of coins listed on it!

- he wanted more information so he studied the second rank and learned that it's a smart contract platform.

- he searched for smart contracts and learned that smart contracts is not only being used by the second in rank. He learned many coins that are using it including the top 1 too!

- now he's confused which coin should be worth investing!

- then he realized, he heard of bitcoins many times that it made him see it everywhere! He even saw a beggar asking for a donation in bitcoins, he shook his head and said; bitcoin made me hallucinate!

If you dig even deeper, you will realize that there are so many smart contract platforms out there, not only ethereum but bitcoin too! https://bitcoinmagazine.com/articles/yes-bitcoin-can-do-smart-contracts-and-particl-demonstrates-how/

"While Ethereum provides more extensible support for smart contracts, that flexibility comes with a higher risk of security and privacy threats. The more code that goes into a smart contract, the greater the risk of introducing a vulnerability that could enable an intrusion." - source from mentioned site!

Just wait and see for this development of bitcoin and you will be shocked!

[Wilfrer]

Right. I still think Bitcoin or Ethereum is a long term investment solution for you. I think both will be very well developed in the future. When Bitcoin has long appeared and has an irreplaceable standing position. In addition, Ethereum is a platform, a new digital currency, it's perfect, it meets all the needs of users and has the potential to grow in the future and be able to overcome both Bitcoin. So, I still prefer ETH over Bitcoin a lot

[Saiful Islam777]

Bitcoin and Etherium in the Crypto currency market are standing side by side. Bitcoin's price depends on Etherium. Investors who benefit from buying a currencies and selling them with Etherium Price Growth.

[Mhd-Bobbi]

Bitcoin and Ethereum actually use a system called Block Chain. In this Block Chain system, data recording and transactions are performed on multiple servers connected to each other. That way, if there is one server that is broken, the data can still be accessed on another server.

The thing that distinguishes Ethereum from Bitcoin is the application of Smart Contract, which allows you to program transactions, before you do so. For example, you can create an arisan program that will automatically move the Ether belonging to each participant to the winner's account each month.

[nebiki]

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.

because the bitcoin is the number one coin that is the most expensive of any other coin in the crypto world. and ETH is coin after bitcoin, so the difference between bitcoin and ETH is in terms of price and its potential also if in my opinion

[cizatext]

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.

Despite the fact that etheruem is the petroleum of the cryptocurrency due to the fact that it operate on a 1.2.0 software while bitcoin is operating on 1.1.0 is still remains that bitcoin still remain the kung of crypto, because bitcoin as the first coin to be created still come with technology that is highly decentralized then what we have in the etheruem network. Etheruem is the mother of all altcoins but bitcoin still remain the most preferred cryptocurrency.

[wantjokull]

Off course for all the good reasons bitcoin will always stay on the top no matter what. I mean there is more attraction towards the bitcoin rather than ethereum no matter what developments take place in any of them. Its know that people always start with BTC when they enter into the crypto currency and gradually they start moving towards the ETEHREUM. Thus, its the slow process and thats why we have ETH on the second position after all the application it has. Surely it will rise too in the future but BTC will always lead for all the differences that you stated and what i just mentioned.

[bobo012]

They are tottaly different, not even doing the same thing. Ether is fuel for the business, smart contracts are built do conduct business. Bitcoin is a payment solution, even more now with lightning network. Some would say it is a store of value also. Also bitcoin tests everything well before rolling it out and is immutable.

[amishmanish]

- An average joe searched bitcoin on google - he found it on wikipedia

- then he searched for more - "bitcoin price", he saw coindesk and there were 5 coins listed on the right side of their page; what are those coins listed under bitcoin?, he asked himself.

- he searched a little further, goes back to searching 'bitcoin price", he saw coinmarketcap - average joe was shocked by the number of coins listed on it!

- he wanted more information so he studied the second rank and learned that it's a smart contract platform.

- he searched for smart contracts and learned that smart contracts is not only being used by the second in rank. He learned many coins that are using it including the top 1 too!
--snip--

LOL. Well written. The OP is our average Joe just like every newbie who tries to do his own research on bitcoin and crypto in general. New people should realize that media and a lot of internet publications out there have vested interests in promoting these so called alt-coins.

These platforms have failed to show any merit or deliver any product in all these years. The only thing they have been good at is making people part with their bitcoin. All while billionaires are doing their best to hoard it. Checkout this post shared by member Hydrogen

Media channels like eyeballs so they promote unethical people like Roger Ver as Bitcoin Jesus when the bitcoin community out there prefers to call him "Bitcoin Judas". They falsely maintain that the throughput and storage needed for 32 MB or unlimited blocks is not a hurdle for decentralization. They attack real innovation that has been happening on bitcoin by targeting the developers. All of this is being done to confuse the newcomers into spreading out their investments in all sort of worthless platforms when they should really be allotting what they can afford to bitcoin.

[dupee419]

I fairly think that each coin has their own pros and cons, though you are very right about long-term investments on ETH, because of BTC's high volatility, I think it is preferred if you do ethereum instead of bitcoin, though I have tried investing in both and I really can't compare the two if what is better, though I fully support both coins but I can see ethereum one day taking over bitcoin's place.

[Khalp1]

yes it is different because bitcoin is a digital currency that uses peer to peer networks and uses a database for its distribution. while ethereum is a chain platform block and functions like a virtual machine.

Bitcoin specialising in it's role as digital gold offering the dependable monetary system free from outbounded inflation and political intervention.
ETHEREUM evolving into world computer a Blockchain based programing language enabling code based contract and decentralized  application .I think both coins face considerable challenges if order to realise their full potential. However, this industry tends to attract some of the world’s best and brightest minds, who invariably relish intellectual challenge.

[sheenshane]

Bitcoin and Ethereum are the same cryptocurrencies which ethereum was the alternative coin of bitcoin which mean having the same blockchain technology. We have a different perspective on these two profitable cryptocurrencies, that means Bitcoin is currently held at around the same value as Unilever, whereas Ethereum has the same market value as Starbucks. If you could compare these two it seems the same but different way of the platform they have.
Differentiate to each other is a good gathering idea but both of them are the same profitable so we do not need to compare them instead of choosing them both.

[chika2]

bitcoin is the mother of cryptocurrency. The first time digital money is bitcoin, after that it is his followers. it is what distinguishes the bitcoin with eth and other alt coin. outline is equally cryptocurrency.