How is Bitcoin different from Etherium?

[Airbuxf]

Bitcoin has been made to create a substitution for online payments and anonimize them. Ethereum on the other hand is a project made to create other projects on its blockchain with Solidity as a programming language. They are quite different projects but both can be used for payments.

[baddertin9716]

Bitcoin can be called by simply "dollar digitized". This currency is quite similar to the US dollar, except for the complex rules that come with the banking system. This is not a technology. Bitcoin is not a company either. It is your own money, stored in digital form.
What makes Ethereum different is technology, not cryptocurrency. Ethereum coin is called "Ether" and, like Bitcoin, Ethereum can be bought/sold, and used by investors to call for investment in the ICO. Both Bitcoin and Ethereum all work on Blockchain technology, but Ethan's Blockchain is much more powerful. If Bitcoin is version 1.0 then Ethereum is 2.0, which allows building decentralized applications on its platform.

[Saveplus]

Bitcoin is a king and ethereum is a queen who always next to bitcoin.Bitcoin can be used as a payment system while eth is a coin can used in investing in the market.Bitcoin was decentralized and Ethereum was developing its new platform to develop a currency.

[chomli]

BTC has been around for 10yrs,,that's a long while to be in any industry competitively

[Thatsit]

There are many major differences between Bitcoin and Etherium. For example, Etherium is the power and foundation of Altcoin. 98% of Altcoin's uses are by Etherium. On the other hand, Bitcoin is the first online currency of the crypto world. Bitcoin works as the controller of all Altcoin and Etherium.

[alyssajane1982]

Bitcoin is a king and ethereum is a queen who always next to bitcoin.Bitcoin can be used as a payment system while eth is a coin can used in investing in the market.Bitcoin was decentralized and Ethereum was developing its new platform to develop a currency.

You are right ethereum is always second to bitcoin, they both have a different blockchain and their are both leading their own blockchain. But bitcoin is the most popular and have a high price coin.

[ganlianshifu1]

Compared to Bitcoin, Ethereum is not a purely cryptocurrency, but a platform for certain applications consisting of smart contracts.
The scene where ETH is currently being used is the most used for ICO. Once the tide has passed, the value of ETH will drop.

[BTCGOLD]

The same is Blockchain technology but between Ethereum and Bitcoin there are quite a lot of differences. Bitcoin aims to form a currency, while Ethereum is a development platform.

What is more etherum is a little bit more different than bitcoin from the technology side, they have in common not such a lot of things like other coins compared to bitcoin.

[Elips1]

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.

The main difference between the two digital coins is that Bitcoin focuses more on the currency and Ethereum on the technology that makes the currency smarter, better, faster and safer. Bitcoin is the first and the most popular and expensive cryptocurrency in the world. While Ethereum is also well-recognized. It takes the second place if we talk about its popularity.

[daringkhan30]

Ethereum is another cryptocurrency, and one many people see as potentially overtaking Bitcoin as the dominant coin in the market.

[qwerty12]

The biggest difference from bitcoin and ethereum is the main goal of these two projects.

Bitcoin aims to become a digital gold-storing medium, and eventually become a globally adopted currency that can repair or replace conventional money to some extent. Ethereum's goal is to be a platform that can be used by smart contracts and decentralized applications.

[RippleSpaset]

About 5 years ago, bitcoin acted as the main cryptocurrency of several dozen that existed at that time. But over time, there was and ascended Ethereum system, which is a kind of upgrade Bitcoin, the creation of a much more advanced service based on the idea of blockchain fundamental difference here is that if the entire Bitcoin system is only and exclusively a mechanism for transactions with a record of them in the blockchain with the added to this all the ability to generate new bitcoins, with which transactions are carried out, then Ethereum expands this field to the possibility to carry out any transactions of any kind., also without certification by any Central authority or any third party. At least that's the theory.

[chikendrymak4]

It is all non sense what you have mentioned here and it makes no sense.

[Akenosi]

The difference between Ethereum and Bitcoin is the fact that Bitcoin is not more than a currency, whereas Ethereum is a ledger technology that companies use to build new program,distinguishing feature is in their monetary supply.
More than 65 percent of bitcoin has already been mined, while since its inception, not more than 50 per cent of ethereum are mined so far. Both are different in block-size,and also block- time.

[Portia12]

Bitcoin is a king and ethereum is a queen who always next to bitcoin.Bitcoin can be used as a payment system while eth is a coin can used in investing in the market.Bitcoin was decentralized and Ethereum was developing its new platform to develop a currency.

Yes i do agree on that as well, ethereum has a good potential in the market as well which has the chance to be the next bitcoin when the shortage of mining for bitcoins occur in 2021.

[Sled]

Bitcoin is a king and ethereum is a queen who always next to bitcoin.Bitcoin can be used as a payment system while eth is a coin can used in investing in the market.Bitcoin was decentralized and Ethereum was developing its new platform to develop a currency.

Yes i do agree on that as well, ethereum has a good potential in the market as well which has the chance to be the next bitcoin when the shortage of mining for bitcoins occur in 2021.

Ethereum is a cryptocurrency that has a full of bugs and it can be the reason for itself to fall and i really believed that the ethereum is not going to be the next bitcoin because if it is the next bitcoin then we can really see the closeness of bitcoin and ethereum in terms of market capitalization but it is not happening so i still believed that there is more to come that is better than ethereum.

[ricardobs]

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 not really the same and some people will tell you that they prefer Ethereum because it is more open and there are lots of projects that can run through Ethereum,  but that’s none of my business.

Since I’m just an investor and all I do is make transactions with the two and also make investment,  apart from these there is nothing else I do with them,  I’m not a developer, so I like the both, most especially bitcoin. Whatever people has to say is none of my business.

[Anewor]

Just to make it clear I saw bitcoin even when it does not have a good market, it does settle at the top of the cryptocurrency and has since then been leading in sales. It still is the most sought coin of all and during those times when market was really good it was hailed as the digital gold. So many were very much happy about how bitcoin made their fortune. Now still it is on the top because of its popularity.

[tutorroma]

I think the biggest difference is that Bitcoin has a bigger investment base and value. Most long-term investments will buy Bitcoin. Etherium has absolute advantage in scalability, and most projects ICO will choose ETH.

[qumeijia]

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.

This  post opens my mind to have good understanding about Bitcoin and Ethereum. I feel hard to understand or differ between both due to no background knowledge of it. To me, both are different but have similarity. No matter the differences from Bitcoin and Ethereum, in my mind both are have much advantages for future. These are best choice of investment.