Bitcoin Forum
October 19, 2018, 07:13:39 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: What is the difference between Ethereum and Bitcoin?  (Read 93 times)
NOVL2
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
July 18, 2018, 03:07:14 PM
 #1

Unlike Bitcoin, the primary purpose of Ethereum isn’t to become an alternative to money or payments. Rather, its purpose is to pay for smart contracts, transaction fees, and other services on the Ethereum network.
Please expound.
1539976419
Hero Member
*
Offline Offline

Posts: 1539976419

View Profile Personal Message (Offline)

Ignore
1539976419
Reply with quote  #2

1539976419
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539976419
Hero Member
*
Offline Offline

Posts: 1539976419

View Profile Personal Message (Offline)

Ignore
1539976419
Reply with quote  #2

1539976419
Report to moderator
1539976419
Hero Member
*
Offline Offline

Posts: 1539976419

View Profile Personal Message (Offline)

Ignore
1539976419
Reply with quote  #2

1539976419
Report to moderator
boyptc
Hero Member
*****
Offline Offline

Activity: 966
Merit: 517


★777Coin.com★ Fun BTC Casino!


View Profile
July 18, 2018, 03:08:32 PM
 #2

Bitcoin is bitcoin and ETH is an altcoin.

It seems that you understand what's the difference between the two.

alejandrosn1998
Newbie
*
Offline Offline

Activity: 121
Merit: 0


View Profile
July 18, 2018, 07:13:41 PM
 #3

Unlike Bitcoin, the primary purpose of Ethereum isn’t to become an alternative to money or payments. Rather, its purpose is to pay for smart contracts, transaction fees, and other services on the Ethereum network.
Please expound.

By the way, becareful how you define ethereums smart contracts. I would highly suggest a read at this amazing article by Jimmy Song:
https://medium.com/@jimmysong/the-truth-about-smart-contracts-ae825271811f
odolvlobo
Legendary
*
Offline Offline

Activity: 2282
Merit: 1155



View Profile
July 18, 2018, 07:48:49 PM
 #4

Unlike Bitcoin, the primary purpose of Ethereum isn’t to become an alternative to money or payments. Rather, its purpose is to pay for smart contracts, transaction fees, and other services on the Ethereum network.

It's purpose is determined by the people that use it. Right now, its primary purposes are to invest in ICOs and to breed illustrations of cats.

Buy bitcoins with cash from somebody near you: LocalBitcoins
Buy stuff on Amazon at a discount with bitcoins: Purse.io
Join an anti-signature campaign: DannyHamilton's ignore list
BestSSS
Jr. Member
*
Offline Offline

Activity: 252
Merit: 2


View Profile WWW
July 19, 2018, 06:16:48 PM
 #5

Unlike Bitcoin, the primary purpose of Ethereum isn’t to become an alternative to money or payments. Rather, its purpose is to pay for smart contracts, transaction fees, and other services on the Ethereum network.
Please expound.

Ethereum was created fundamentally for decentralized applications, bitcoin embodies only the idea of a virtual currency. Simply put-bitcoin is the final product that enters the market under the guise of cryptocurrency. Ethereum is a platform and a tool, a programming language, ready to cope with the tasks of blockchain for the functioning of decentralized applications and systems.

If you are talking about bitcoin, you need to understand that it is a cryptocurrency, the team of which is working on honing the functions of the payment method, money transfer. The team of the Ethereum Foundation is committed to providing conditions for third-party development on the ethereum blockchain network, which will later replace the usual server services with distributed ones.

Also, two cryptocurrencies have quite common moments: as well as bitcoin, Ethereum is built on open source code. All transactions in networks are transparent and anonymous. All operations are irreversible and decentralized. Both technologies use a breakthrough achievement that developers were able to come — a distributed network of blockchain, which allowed the previously impossible order of work to become the Foundation for a new type of human interaction.

- BlocVehicle - MAKE YOUR OWN CAR HISTORY -
-  Connecting Your Vehicles To People Around The World with the BlocVehicle  -
thedarksun
Sr. Member
****
Offline Offline

Activity: 604
Merit: 251


Blockchain with a Purpose


View Profile
July 19, 2018, 06:53:38 PM
 #6

Bitcoin is bitcoin and ETH is an altcoin.

It seems that you understand what's the difference between the two.
Of course it is the basic difference but what about technical aspects, those two coins are completly different between themselfes and their type of moves on market/ plans/ price/ amount of users/ types of pumps and lots of things more are also different.


      ▄▄█████████▄▄██
   ▄███▀▀       ▀▀███▄██
  ██▀   ▄        ▄▄ ▀██▀
 ██    ██        ██   ██
██     ██        ██    ██
██     ██ ▄▄▄▄▄▄▄██    ██
██    ██  ▀▀▀▀▀▀██     ██
██    ██        ██     ██
 ██   ██        ██    ██
 ▄██▄ ▀▀        ▀   ▄██
 ██▀███▄▄       ▄▄███▀
    ██▀▀█████████▀▀
██
██
██
██
██
██
██
██
██
██
██
██
BLOCKCHAIN WITH A PURPOSE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Telegram    Twitter    Medium    Reddit    Youtube
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
      ▄▄█████████▄▄██
   ▄███▀▀       ▀▀███▄██
  ██▀   ▄        ▄▄ ▀██▀
 ██    ██        ██   ██
██     ██        ██    ██
██     ██ ▄▄▄▄▄▄▄██    ██
██    ██  ▀▀▀▀▀▀██     ██
██    ██        ██     ██
 ██   ██        ██    ██
 ▄██▄ ▀▀        ▀   ▄██
 ██▀███▄▄       ▄▄███▀
    ██▀▀█████████▀▀
harizen
Legendary
*
Online Online

Activity: 1316
Merit: 1049


View Profile
July 19, 2018, 08:07:54 PM
 #7

Bitcoin is bitcoin and ETH is an altcoin.

It seems that you understand what's the difference between the two.
Of course it is the basic difference but what about technical aspects, those two coins are completly different between themselfes and their type of moves on market/ plans/ price/ amount of users/ types of pumps and lots of things more are also different.

So you want us to really answer the question of OP with a broad, detailed and complete statement?

Didn't you know how much typing it needs to spoonfeed that kind of request and we even didn't know if it will be read or understand by OP. Even telling OP the basic answer won't do. Rather than answering it literally then just tell OP to do research and do some readings. Spend time lurking in the internet.

There are lots of answers OP can get via any search engine internet with that kind of question.

MintDice
Member
**
Offline Offline

Activity: 210
Merit: 46

MintDice.com


View Profile WWW
July 19, 2018, 09:45:23 PM
 #8

Lol, harizen is right. The question is very broad and one that could essentially take a whole essay to explain if one got down to minute details. To help OP embark on his/her 'do your own research' journey, we will leave a link to our blog below on the differences between bitcoin and ethereum. It's at the very least, a good place to start.

http://bit.ly/BTCvsETHvsLTC

Cheers

M I N T D I C E ◉◉ MULTIPLE CURRENCIES. MULTIPLE GAMES. DONE BETTER. ◉◉ M I N T D I C E
Introducing the world's best fully featured cryptocurrency casino
▬▬▬▬▬▬▮ FacebookInstagramTwitterBitcointalk ▮▬▬▬▬▬▬
yayoyo
Newbie
*
Offline Offline

Activity: 86
Merit: 0


View Profile
July 20, 2018, 08:16:31 AM
 #9

The most obvious difference is that bitcoin is limited, and Ethereum can be infinitely added!
safonova
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
July 20, 2018, 09:58:40 AM
 #10

Both are crypto and have almost same function. But bitcoin started earlier and is thus costly.
vladimirhf
Member
**
Offline Offline

Activity: 209
Merit: 12

93!


View Profile WWW
July 20, 2018, 05:47:59 PM
 #11

Both are crypto and have almost same function. But bitcoin started earlier and is thus costly.

no, they have different purposes. try to read the previous comments before stating something you don't know.

WONO
⇐ ● WONO is a Decentralized P2P-platform for exchange or rent of  any assets and services without currency and taxation expenses ● ⇒
○ ○ ○  WEBSITEWHITEPAPERTELEGRAMTWITTERFACEBOOK  ○ ○  ○
jonemil24
Member
**
Offline Offline

Activity: 350
Merit: 29

HEROIC.com|The Future of AI-Powered Cybersecurity


View Profile
July 20, 2018, 07:22:13 PM
 #12

Bitcoin:
Algo - SHA256
ICO - nay

Ethereum:
Algo - Ethash
ICO - yes, amount raised:https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

Bitcoin and Ethereum are both capable as a payment method, but I see BTC has a bigger role in B2B payments. As for security; I think BTC is more stable, it never had a hacking incident similar to ETH hard fork

If BTC had a similar incident as mentioned above, please do tell me!
 
The most obvious difference is that bitcoin is limited, and Ethereum can be infinitely added!
Huh
I hope there's a max supply cap. I kept on searching google just to find ETH max supply but it seems it's an infinite supply.
 Huh
only a fool who says supply eth is unlimited or you just know about the world of Crypto

https://coinmarketcap.com/currencies/ethereum/

you'll never found it on porn web  Grin
he seems to be watching too many porn videos so say that....made me laugh incessantly  Cheesy Cheesy
My first post on ETH ann, and I was ashamed for posting it, until I searched even more, and found out that I am right. I'm glad that you're not like these people!

Rizwanguroo
Newbie
*
Offline Offline

Activity: 47
Merit: 0


View Profile
July 21, 2018, 06:55:16 PM
 #13

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.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!