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Author Topic: How is Ethereum unique and different from Bitcoin?  (Read 497 times)
Aeny France
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January 25, 2019, 12:10:39 PM
 #41

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.

Bitcoin:

  • Bitcoin is the world’s first fully-functional cryptocurrency that is truly decentralized, open-source and censorship-resistant.
  • Bitcoin’s blockchain doesn’t care whether you are a human or a machine. Thousands of Bitcoin nodes on the blockchain are equally able to verify the legitimacy of payments independently and that’s why there is no need for any third party intermediaries like banks.


Ethereum:


  • Ethereum is not purely digital money but it doesn’t mean that you cannot transact on that blockchain
  • Ethereum’s blockchain can handle accounts and transactions like Bitcoin’s blockchain but can also store and execute newly coded programming logic.
  • Ethereum has its own Turing complete internal code... a Turing-complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin, there is not this form of flexibility.

The difference between Bitcoin and Ethereum

  • Ethereum is different from Bitcoin mostly because with Ethereum you can not only transfer money (i.e. Ether) but you can also execute smart contracts and make DApps

Another thing Ethereum is mainly used for Launching an ICO.

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January 25, 2019, 01:28:57 PM
 #42

Ethereum is no more the only platform to offer smart contract. There has some more coins too. There is no way of comparing bitcoin with ethereum. As a coin Ethereum has a lot to offer but bitcoin is the most accepted cryptocurrency and it has the most active nodes which is the main base of a cryptocurrency.
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January 25, 2019, 04:43:21 PM
 #43

Don't you realise that ethereum is a more fast way to send transactions, it is a platform for other tokens, another advantage is a smart contract, with its feature you can realise a lot of interesting functions like lock up period, it can be applied in a various industries

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January 26, 2019, 02:48:28 PM
 #44

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
Fedrey
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January 26, 2019, 06:09:29 PM
 #45

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
perhaps ethereum was the only opportunity for new projects a couple of years ago to create their own coins. But today there are enough competitive platforms that can replace ethereum.
doycku
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January 26, 2019, 07:00:18 PM
 #46

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
perhaps ethereum was the only opportunity for new projects a couple of years ago to create their own coins. But today there are enough competitive platforms that can replace ethereum.
You are really right about the choice of platform teams, but if we talk about the difference between Bitcoin and ethereum, then first of all they are different in price per transaction and in the speed of transfer of transactions. if in this regard, to choose the best, then the leadership is still in ethereum.
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January 29, 2019, 12:23:22 AM
 #47

Yes ethereum is undoubtly the best in terms of smart contract for building token projects but still XRP now beats it. I don’t know maybe its just because of a little volume hike ripple has.But for long term aspect I still believe Eth will dominate all crypto someday.

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aervin11
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January 29, 2019, 12:48:35 AM
 #48

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.

Think of this, Ethereum is the son of Bitcoin (maybe daughter if you wish). Why is that?
Think bitcoin as a General and he's got a son who achieved same achievements on a very young age. It's great that his son is doing great but he's not as valuable as his pops, Ethereum is always behind the shadow of bitcoin.
Anyways, blockchain is initially used on bitcoin, Ethereum just improved it better based on the utilities it could serve best, their not on the same track
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January 29, 2019, 06:29:30 AM
 #49

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
perhaps ethereum was the only opportunity for new projects a couple of years ago to create their own coins. But today there are enough competitive platforms that can replace ethereum.
You are really right about the choice of platform teams, but if we talk about the difference between Bitcoin and ethereum, then first of all they are different in price per transaction and in the speed of transfer of transactions. if in this regard, to choose the best, then the leadership is still in ethereum.
Both have a lot of differences not only in the blockchain specification but i should remind you that ethereum and bitcoin have been building on the different system that bitcoin focus to be the payment system while ethereum much focused its platform to provide the manufacture.
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January 29, 2019, 05:27:01 PM
 #50

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
perhaps ethereum was the only opportunity for new projects a couple of years ago to create their own coins. But today there are enough competitive platforms that can replace ethereum.
You are really right about the choice of platform teams, but if we talk about the difference between Bitcoin and ethereum, then first of all they are different in price per transaction and in the speed of transfer of transactions. if in this regard, to choose the best, then the leadership is still in ethereum.
Both have a lot of differences not only in the blockchain specification but i should remind you that ethereum and bitcoin have been building on the different system that bitcoin focus to be the payment system while ethereum much focused its platform to provide the manufacture.
Of course, you are right, and I think that in the current state of the cryptocurrency market, it is the ethereum that wins in all indicators. Of course, you still have a lot of time to go so that users bet on ethereum, and not on Bitcoin.
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January 29, 2019, 05:47:10 PM
 #51

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
That's right because of the few coins in the crypto coin that the ICO or project is very fond of is ethereum, because ethereum has a very good platform and ethereum is also the most sought after investor
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January 29, 2019, 06:27:12 PM
 #52

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
That's right because of the few coins in the crypto coin that the ICO or project is very fond of is ethereum, because ethereum has a very good platform and ethereum is also the most sought after investor
maybe I don’t understand something, but for the whole practice of participating in Bounty companies, I have met projects almost connected with the ethereum platform. Based on this, I conclude that ethereum is still more in demand on the market.
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January 30, 2019, 07:15:18 AM
 #53

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 first is the difference in technology, smart contracts, but the second is in transaction speed. Here are two advantages that still make the best alt Ethereum, but for how long is it.

romero121
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January 30, 2019, 08:24:35 AM
 #54

Bitcoin is the first succes from the blockchain platform, ethereum is almost the same. Ethereum has got its own blockchain platform. Smart contract platform is more effective, and the same can be used as a base by ERC-20 token developers. Similar to ethereum we've got more other platforms like eos, waves, tron and so on. Even though we've got many such, ethereum stands high among them making it to be a competitive platform to bitcoin.
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February 12, 2019, 07:15:39 AM
 #55

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 uniqueness is that the survival rate of its technology is much greater than that of Bitcoin, and the speed of transactions attracts more and more investors. I wonder how many forks are now in these coins.

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tbossmitche
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February 13, 2019, 08:05:55 AM
 #56

The similarities between Bitcoin and Ethereum ends in the fact that they are both blockchains. We all agree that Bitcoin set the trend for blockchain technology as it is the first fully functional, truly decentralized cryptocurrency. The good part about Ethereum is the fact that it is not purely a digital money platform. The Ethereum blockchain doesn't only allow you transfer funds (Ether), you can also execute smart contracts and launch dApps on the blockchain. I will like to say that, Ethereum took the concept of blockchain to a whole new level.
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February 13, 2019, 09:24:30 AM
 #57

They have some unique that ethereum have that no has no In the bitcoin. If you see most of the project now are base to ethereum coin and I think it will increase the value next few Years. Also most of the project are want to be partnership to the ethereum and that's create ERC20 smart contract all of the tokens are base to the ethereum.
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February 13, 2019, 11:04:13 AM
 #58

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
so right that the ethereum platform from yesterday in 2017, if not mistaken, is still being used by many people to create projects or as a means of transaction within the ICO. ethereum's unique for me like that

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February 13, 2019, 12:39:50 PM
 #59

ethereum is unique because it has created a platform that is very simple and widely used by many people, although the blockchain is not too bad but ethereum has proven to be chosen by many new projects in crypto currencies.
Ethereum might be unique but it still another copycat of bitcoin network and no matter uniques every altcoin is they are still bitcoin kid. However, what make ethereum unique what the knowledge and the ideas implemented by the teams in other to make new project owners to create their own coin/token.

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February 13, 2019, 07:13:41 PM
 #60

I agree that the main difference between Ethereum and Bitcoin is that Ethereum has smart contracts and this is useful for many sectors of the economy. But what worries me is that Ethereum does not have a maximum supply and is rather a gas for smart contracts. Bitcoin has a limited amount of supply and this makes it more attractive to investors as a long-term investment.
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