Ethereum

[Montane]

I'm a bit new to crypto, but I've been following Bitcoin and its price news closely for a few years now. I'm interested in investing into some BTC or altcoins. I've recently been reading about Ethereum. And I don't really understand what it is? Like I know it's a cryptocurrency, but how is it different from Bitcoin.

So I read this Wikipedia article and it says this: "Buterin argued that Bitcoin and blockchain technology could benefit from other applications besides money and needed a scripting language for application development that could lead to attaching real-world assets, such as stocks and property, to the blockchain ... he proposed the development of a new platform with a more general scripting language that would eventually become Ethereum."

What does that mean?? And is this the major difference between ETH and BTC?

[bttmember]

Basically, Ethereum aims to bring blockchain tech to the real life through its ecosystem that involves not only money transfers or payments and remittance but also smart contracts, decentralized finance, automation, dApps, tokenization plus dozens of allied features and services that simple bitcoin was not able to provide alone so in my opinion Ethereum is a next level project and it aims to bring crypto adoption and use cases for masses.

[tabas]

Ethereum can be used as a platform towards another projects. To give you an idea regarding that, if you know Binance Coin. It's a known altcoin today which has started itself on Ethereum Smart Contract. And when they've became stable, they've made their own chain/mainnet.
It's like a project that you can create another project through it. And with the latest updates about it is the 2.0. Which makes it become a proof of stake coin, where transactions will no longer be confirmed or mined by GPUs but by wallets that has the eligible amount of Ethereum.

[Tash]

Ethereum, yes aims to do lots of things, fees are ridiculous high (useless for everyday usage) a great starting platform for scam after scam they driving like crazy

[Montane]

Basically, Ethereum aims to bring blockchain tech to the real life through its ecosystem that involves not only money transfers or payments and remittance but also smart contracts, decentralized finance, automation, dApps, tokenization plus dozens of allied features and services that simple bitcoin was not able to provide alone so in my opinion Ethereum is a next level project and it aims to bring crypto adoption and use cases for masses.

Ethereum can be used as a platform towards another projects. To give you an idea regarding that, if you know Binance Coin. It's a known altcoin today which has started itself on Ethereum Smart Contract. And when they've became stable, they've made their own chain/mainnet.
It's like a project that you can create another project through it. And with the latest updates about it is the 2.0. Which makes it become a proof of stake coin, where transactions will no longer be confirmed or mined by GPUs but by wallets that has the eligible amount of Ethereum.

Ethereum, yes aims to do lots of things, fees are ridiculous high (useless for everyday usage) a great starting platform for scam after scam they driving like crazy

So Ethereum is more of like an adoption tool whereby altcoins can emerge from its blockchain once they have reached a certain market cap?? Am I right?

ie etherem isn't really aiming to be an everyday-use currency, rather more of a crypto adoption pathway? And from Tash's reply, I assume many of these adoption schemes haven't been entirely trustworthy?

[tabas]

Ethereum can be used as a platform towards another projects. To give you an idea regarding that, if you know Binance Coin. It's a known altcoin today which has started itself on Ethereum Smart Contract. And when they've became stable, they've made their own chain/mainnet.
It's like a project that you can create another project through it. And with the latest updates about it is the 2.0. Which makes it become a proof of stake coin, where transactions will no longer be confirmed or mined by GPUs but by wallets that has the eligible amount of Ethereum.

So Ethereum is more of like an adoption tool whereby altcoins can emerge from its blockchain once they have reached a certain market cap?? Am I right?

ie etherem isn't really aiming to be an everyday-use currency, rather more of a crypto adoption pathway? And from Tash's reply, I assume many of these adoption schemes haven't been entirely trustworthy?

No, it's not about merging. It's about that certain altcoin have been built through Ethereum's smart contract. And once they are already built, they become an ERC20 token. Most of the tokens that are built under Ethereum's network are called by that number, ERC20. Before, Ethereum was good as a medium of payment because you can use it with a very cheap transaction fee. But because a lot have changed, demand, miners fee, network traffic or congestion, it made the fees higher. But it being a platform to make new projects, it's the simplest description of it although it's also a good coin to hold.

[WalkerIVIV]

So I read this Wikipedia article and it says this: "Buterin argued that Bitcoin and blockchain technology could benefit from other applications besides money and needed a scripting language for application development that could lead to attaching real-world assets, such as stocks and property, to the blockchain ... he proposed the development of a new platform with a more general scripting language that would eventually become Ethereum."

He was making such statement after seeing how potential bitcoin and its blockchain. That's the real purpose of why he was creating the smartcontract.
FYI if ethereum smartcontract started from the bitcoin source code and what he means about adding more script to create various functions that can be used to create tokenization backed by the real asset.
The statement that you have mentioned above is related to why smartcontract being introduced by him.

You must also read what code that is used to build the smartcontract and it was using the bitcoin source code + combined with the new script like solidity = smartcontract of ethereum and EVM that can be used for tokenization for the real asset like property, stock and various things even build various defi platform that offered the same thing like the traditional banking system.

[zasad@]

What does that mean?? And is this the major difference between ETH and BTC?

Welcome to the main thread on the forum.
https://bitcointalk.org/index.php?topic=428589.0

As a long-term investment, I would choose these 2 coins.
Personally, I like Ethereum better because it has a developed ecosystem, and I don't need centralized intermediaries to work with it.
But Bitcoin has a chance for everyone to become the world's money, because the massive emission of fian currencies will kill this system.