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Author Topic: How is Bitcoin different from Etherium?  (Read 1993 times)
talenah kotang
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August 06, 2018, 02:31:29 PM
 #241

Bitcoin is a digital currency that was originally created as an alternative to the financial system and Ethereum can be used to create and run smart contract applications via blockchain.
SaraPowell1212
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August 07, 2018, 09:33:36 AM
 #242

Bitcoin concentrates on ASICs while Ethereum is against that and encourages miners to decentralize on an individual basis. One point to note is that when digging Ethereum, the diggers have to use more dedicated graphics cards.
Bitcoin stores data on peer-to-peer storage systems and has never been deeply intervened, while Ethereum has branched out after DAO is attacked.
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August 07, 2018, 09:37:43 AM
 #243

Ethereal's hacker penetration is higher than the rest of the currency because Ethereum runs Turing-complete code, and if enough time is spent, all calculations will be made.
When dealing, Ethereum pays for gas (which can be converted to an Ether), calculated on the amount of bandwidth along with its storage needs. Bitcoin seems to be more pleasing when transactions are always equal, being limited by the size of each block.
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August 08, 2018, 12:31:51 PM
 #244

There is a huge gap between Bitcoin and Etherium. Bitcoin is called Crypto King. And the crypto works as a regulator for all the activities of the world.
On the other hand, Etherium works as the base of Altcoin. And Etherium is a part of Altcoin.
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August 08, 2018, 01:36:23 PM
 #245

Both offer anonymous transactions, and neither of the two is controlled or regulated by a centralised body. While both bitcoin and ether are cryptocurrencies, the ethereum blockchain is very different from the bitcoin blockchain. ... Also, they cost their transactions in different ways.
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August 08, 2018, 01:41:52 PM
 #246

NICE post very informative,some points is just new to me and i thank you for putting this here,maybe from this post many investors might learn why they will be investing on bitcoin or ethereum ,looking on their option for the hard earned money to use as capital
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August 08, 2018, 01:49:42 PM
 #247

Bitcoin is the main crytocurrency and ethereum is an altcoin. We can say that bitcoin is the father of digital money or cryptocurrency and ethereum is a son.
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August 08, 2018, 02:57:28 PM
 #248

I think ETH is becoming more popular because of less fees. Investors can also get higher returns with ETH.
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August 08, 2018, 03:07:24 PM
 #249

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.

Bitcoin and Ethereum are for the cryptocurrencies as the USD and EUR are for real (centralized) currencies. It remains to know who is who in this comparison. I see Bitcoin as the base-currency. It serves as a reference for others, including Ethereum. On the other hand, the Ethereum, if it oscillates up or down, can, yes, also influence the value of Bitcoin.
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August 09, 2018, 09:09:58 AM
 #250

Bitcoin having some expertise in it's part as computerized gold offering the tried and true money related framework free from out limited expansion and political mediation. Ethereum developing into world PC a Blockchain based programming dialect empowering code based contract and decentralized application.
It has the first mover advantage to begin with. That is more than you can ever know. Ethereum is now gaining public acknowledgement however when bitcoin first came out and news never even heard of eth and etc people were talking about what the price of bitcoin will be on news and economy shows, which means bitcoin was known by the public and the financial sectors in a longer period of time. You have to consider this and judge two coins on that, ethereum hasn't paved the path bitcoin has gone.

We can say that bitcoin is the father of digital money or cryptocurrency and ethereum is a son.
Then bitcoin has thousands of sons and daughters, lol ? The prime differences I like to mention, supply limitation. Etherium does not have any cap on its total supply. It is gaining popularity due too its capability of providing easy platform for tokens but already many coins are having that capability hence etherium is not unique whereas when bitcoin was introduced it is am unique way of payment system.

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August 09, 2018, 10:45:56 AM
 #251

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.

Bitcoin and Ethereum are for the cryptocurrencies as the USD and EUR are for real (centralized) currencies. It remains to know who is who in this comparison. I see Bitcoin as the base-currency. It serves as a reference for others, including Ethereum. On the other hand, the Ethereum, if it oscillates up or down, can, yes, also influence the value of Bitcoin.
Ethereum is more functional platform than Bitcoin. Btc - it is simply p2p payment system, but Ether provides a lot of features like smart-contracts, launching initial coin offerings etc.
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August 09, 2018, 03:45:13 PM
 #252

To simply understand about the BTC and ETH, i will use the nickname of them, BTC- blockchain 1.0 and ETH is the blockchain2.0. Although BTC has alot of disavantage such as: low transaction, high fee, not secure... but i think it will sit at the TOP 1 in crypto in the long time and if you want to get the profit, you can invest in it.


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August 09, 2018, 04:37:46 PM
 #253

The basic difference between bitcoin and ethereum is:
1. Ethereal blast time is 14 to 15 seconds, while bitcoin is 10 minutes. The faster block generation means that a transaction will be faster.
2. The number of bitcoins is limited to 21 million. That means: every 4 years the reward of each bitcoin block will decrease by 1/2. Meanwhile, Ethereum does not limit the number.

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August 10, 2018, 05:53:29 AM
 #254

There is a huge gap between Bitcoin and Etherium. Bitcoin is called Crypto King. And the crypto works as a regulator for all the activities of the world.
On the other hand, Etherium works as the base of Altcoin. And Etherium is a part of Altcoin.
We can say Eth is a pillar for altcoin family. Everyone is praising eth for its amazing performance in past few years. There was always a discussion on this topic that if not bitcoin, then what? Which coin must be selected who in under affordability criteria for most of population. Still, if someone have enough money, he may go for some other options as well.
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August 10, 2018, 06:44:36 AM
 #255

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.


They have both the same as a digital crypto currency and good for investment. But they have big differences in price value. Bitcoin price value is higher than Ethereum but this two characters need its other to gain more popularity.
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August 10, 2018, 09:32:53 AM
 #256

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.
You can only see the difference when you decide to go deeper with it and break down every of their details. But basically they are all the same thing and they are all being used for making transactions, you can send and receive payment with all from friends and family, and all of them can also serve as investment.

It’s only developers that will tell you that they are not the same, but you that is a basic/simple user won’t see that, and how the heck is that your business? Lol.
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August 11, 2018, 06:16:27 AM
 #257

As I manage and spend my earning of both bitcoin and ethereum, bitcoin is different in ethereum even if that two are came from crypto currency. I can pay bills in bitcoin, can use as a payment some of the botique in the market and ethreum can't do the same as bitcoin.
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August 11, 2018, 06:43:03 AM
Last edit: August 11, 2018, 07:15:39 AM by Yahdz
 #258

I agree with you, and I'm sure ETH will be more expensive because as far as I know, now more and more people are interested. even though the price is now down, because of some additions I know. about this ETH will be released every year after the Genesis block reaches 26% in the initial funding phase, with 60 million ETH and Bitcoin released from the first, without crowdfunding. Etherium Fee transactions depend on the computing power of each client. Including bandwidth, and storage space needed in 1 block. This is called GAS on Ethereum while BTC is not distinguished,
The first creation of the ETH Block averaged 1 block in 12 seconds while BTC averaged 1 block in 10 minutes, this is why BTC is also becoming increasingly rare. but for some reason the price is now also down, this is beyond predictions. between Ethereum and Bitcoin together as a cryptocurrency decentralized using a peer-to-peer network. so I hope eth can make changes in the Crypto world with the technology that is now ERC-20, ERC-223, ERC-721. etc.
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August 11, 2018, 07:03:07 AM
 #259

Bitcoin is different from etherium, first reason is the price value, etherium is just a flatform currency in processing of  conversion og coins. We can process any transactions but it needs a third party to function unlike Bitcoin can be transact directly no third party involve.
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August 13, 2018, 09:51:19 PM
 #260

although its bitcoin values are higher than etehrum, but demands on etherum are not inferior to bitcoin. as altcoin which becomes the biggest platform for bounty campaign, will automatically make etherum become more holders.
So there are pros and cons of every little thing in this universe. Nothing is made perfect except the god. Everything has got some loopholes and bad point that it can’t be compared and chosen as the perfect thing to have. Likewise here in this world of crypto, eth and bitcoin, both are amazing in their own regard. They are cheap and expensive, good and better respectively.
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