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Author Topic: How is Ethereum unique and different from Bitcoin?  (Read 497 times)
IMatveeva
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June 01, 2018, 12:40:08 PM
 #21

Ethereum is much better and faster than bitcoin. Bitcoin can only be sent between each other. And Ethereum is a platform for ico and it can also be sent to people. Commission of the network is cheaper than bitcoin.
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June 01, 2018, 01:25:14 PM
 #22

This is unique about (eth)Ethereum’s goal is to be the platform for DApps and they are largely accomplishing this. They own the DApp market right now. Their roadmap is all about giving users and developers more control and more options in developing their applications.very promising rigth?the dev of eth is updated and very hardwork!this is ethereum have that bitcoin can,
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June 01, 2018, 02:09:37 PM
 #23

in short bitcoin is a currency that has additional features built on top of it in form of side chains instead of it all being on the blockchain and bloat it for no reason. while ethereum is just a token that you use to make ICOs (aka smart contracts) which is already possibly with bitcoin.

in details:
bitcoin is decentralized while ethereum is centralized.
bitcoin has a small supply which is capped, ether has unlimited supply with a huge circulating one.
bitcoin is a currency and also can be used to create smart contracts. ether is just a token that you can only create smart contracts with.
bitcoin is battle hardened and fully tested without any bugs while ethereum is filled with bugs and there are a lot of exploits in it.

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June 02, 2018, 07:36:49 AM
 #24

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.
all you mentioned are keys why ETH is top cryptocurrency. Bitcoin was created earlier than ETH, so its price is higher. ETH is quite potential cryptocurrency and one day can beat bitcoin.
dogandogru
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June 02, 2018, 08:41:36 PM
 #25

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.
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.
iamzill
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June 02, 2018, 10:02:44 PM
 #26

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.
the difference that makes the identity of both coins can be used as an option. both coins have the advantage that can be used as an investment option and minimize the risk of loss. now this ethereum will still continue to develop into coins that can compete with bitcoin and ethereum widely continue to develop its future potential.
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June 30, 2018, 06:08:53 PM
 #27

Yes it is. Ethereum differs from Bitcoin, but they do not have to be similar to each other. I think that these two crypto currencies will have a great future and we must support it.
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July 25, 2018, 10:13:58 AM
 #28

bitcoin blocks are processed very late and in ethereum each block takes 15-20 seconds . also more transaction per block in ethereum .
bitcoin is treated as currency but ethereum is a development platform and ether was only created for its fuel .
relation of ether to ethereum is similar as gas to neo platform .
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July 25, 2018, 11:28:20 AM
 #29

the main difference are that ethereum is centralized, has a huge premine, it also had an ICO, and also finally it is providing an easy way of scamming people by creating these useless things called ICOs.
of course there are smaller differences too like having a bloated blockchain that nobody can sync anymore and the dwindling number of full nodes run by regular users on their personal computers and everything moving to servers and centralizing it even more.

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July 25, 2018, 11:50:45 AM
 #30

Bitcoin is the decentralized cryptocurrency and Ethereum is the centralised cryptocurrency.This is the basic difference.Even though Ethereum is the centralised cryptocurrency,it had his own demand in the market.We can blindly say , Ethereum is the top of the available altcoins.



 

 

 

 

 

 


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rayk
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July 25, 2018, 12:20:33 PM
 #31

People always compare them but if btc is digital currency and ethereum as a platform offers much more things then bitcoin should be always more valuable since it is a currency? Ethereum's price may not be high but it is much more important as a platform.
dodziu
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July 25, 2018, 12:36:32 PM
 #32

Bitcoin is just a digital currency, but ethereum has more to offer in addition to that. Ethereum provides a platform to the developer on which they can build blockchain_based smart contracts and decentralized apps. Ethereum was the first cryptocurrency to introduce smart contracts, which are now considered as the next big thing.
Ethereum is also the most preferred platform for launching ICOs.
Yes, I agree with your speculations of the unique features that ethereum has and this makes it different from bitcoin, ethereum also has high transaction speed and cheap fee and the smart contrast make it very good for icos to run on it technology.
tot-o
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July 25, 2018, 06:09:52 PM
 #33

Both of them. Have their uniqueness, Bitcoin is like compared to the creation of the world, it is like puzzle and ETH is a real  legend wherein the legacy that it bought to everyone is just great... To conclude they are like the same yet its not.
miyaka26
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July 25, 2018, 06:47:58 PM
 #34

They have their own distinctions of variations, peculiarities, and trends as we all know how popular is Ethereum with smart contracts and its support towards ICO and its tokens creations, it serves its purpose that bitcoin cannot serve and that's it, ETH cannot replace bitcoin most especially with its price and popularity, ETH has no limit to its supply while bitcoin has.

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July 25, 2018, 07:03:49 PM
 #35

They have their own distinctions of variations, peculiarities, and trends as we all know how popular is Ethereum with smart contracts and its support towards ICO and its tokens creations, it serves its purpose that bitcoin cannot serve and that's it, ETH cannot replace bitcoin most especially with its price and popularity, ETH has no limit to its supply while bitcoin has.

Agree. Until and unless, Ethereum community accepts Vitalik's EIP, Ethereum may never repeat history again. Who can forget the ultimate run of Ethereum in 2016-17 but if problem of inflation isn't solved it may never see $10,000.

One more thing, due to excessive daps development and ICO abuse, Ethereum blockchain is much more abused than Bitcoin's blockchain. So when comes to real world use as mode of payment, Bitcoin tends to overshadow Ethereum as ETH network is more prone to abuse and congestion.
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August 16, 2018, 10:48:36 AM
 #36

 When you look at bitcoin it is the lone soul in the crypto market which means it does not generate its value based on the coins its supports but rather on its own circulation supply mining and transaction whereas that is not the case with ethereum which rules on outsourcing blockchain
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August 16, 2018, 12:09:42 PM
 #37

Both great cryptos. All have pros and cons. Eth has unlimited supply as for me this is not the great idea. BTC has no smart contracts. But both have real usage and widely famous. Hope both will become faster in next few years.

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August 16, 2018, 01:07:43 PM
 #38

At present, Ethereum's competitors are able to complete all the work of Ethereum, and the shortcomings of Ethereum are being expanded by these competitors!
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August 16, 2018, 02:10:20 PM
 #39

Both great cryptos. All have pros and cons. Eth has unlimited supply as for me this is not the great idea. BTC has no smart contracts. But both have real usage and widely famous. Hope both will become faster in next few years.
The Bitcoin and Ethereum is a Cryptocurrency it is the only mutual things in these two platform but others totally different in this platform. Because Erc 20 is much better project in current situation so Ethereum is a unique opportunity to follow the Ethereum smart contract. But your answer totally outside of question so read carefully then post the right manner.

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August 16, 2018, 02:35:43 PM
 #40

Bitcoin is just a digital currency? Abeleez can you please tell me if Ethereum is just a digital currency as well?

ETH and bitcoin has its own uniqueness and its also one of very unique coin because it has helped a lot of scammers to create their coin easily and launch their ICOs without making themselves sweat.

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