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Author Topic: What is the basic difference bitcoin and ethereum?  (Read 381 times)
Shallow
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September 06, 2021, 10:59:11 AM
 #41

Many people frequently ask is bitcoin better or is ethereum better.
Both were created with two different missions.
Bitcoin blockchain created a public and peer-to-peer online payment system: Peer to Peer Electronic Cash.
Ethereum blockchain create distributed computing system: Decentralized Computation. Ethereum allows developers to build and deploy decentralized applications (DApps). Decentralized applications are run from source code running on the blockchain network so these applications are not controlled by any individual or organization.


This is really true, and I agree with your post as it states the clear difference between them.
However, in a bid to add, by understanding the difference between these two great coins, people will come  to the understanding that both have different perspective towards this crypto space that is where Bitcoin has made the transaction between two parties to take place without any intermediary, Ethereum has succeeded in making it easy for more projects to have a good foundation for growth; but yet their end goals are the same which is to project the crypto space to the future where people will be able to achieve a lot which traditional systems didn't make possible.
Nevertheless, in my own opinion, even though Bitcoin and Ethereum are solving a great issue and/or limitations in this space and the world at large, Bitcoin is still seen, regarded and addressed as the best cryptocurrency.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Melignya
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September 06, 2021, 12:04:36 PM
 #42

Ethereum has a big commission, this is a major disadvantage for many but we actually c one side, Bitcoin provides more anonymous transactions and Ethereum is more flexible. There is a good article on Blockster called Bitcoin VS. Ethereum: a Brief History which is very detailed, I think many people will be interested in it, I will leave the link https://blockster.com/blockdesk/1217_bitcoin-vs-ethereum-a-brief-history
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September 07, 2021, 09:34:47 AM
 #43

This article describes absolutely all the differences between Bitcoin and Ethereum. Just read https://blockster.com/blockdesk/780_bitcoin-vs-ethereum-what-039-s-the-difference
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November 03, 2021, 08:08:19 AM
 #44

Ethereum is a ledger technology that companies are using to build new programs. Both Bitcoin and Ethereum operate on what is called “blockchain” technology, however Ethereum's is far more robust. Wink
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November 03, 2021, 09:13:13 AM
 #45

Ethereum is more versatile than Bitcoin, which is one of its most significant advantages. ... Ethereum also processes transactions faster than Bitcoin, and it's less energy-intensive. While Bitcoin uses a proof-of-work (PoW) mining protocol, Ethereum is moving to a proof-of-stake (PoS) network.
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November 09, 2021, 06:31:30 PM
 #46

Both have differences in many ways, cryptocurrencies have established bitcoin as the parent of all other coins and bitcoin can also stand alone without any connection to altcoins, bitcoin is also a store of value in crypto while ethereum is very dependent on the price of bitcoin, ethereum and bitcoin has the same value, it's just different levels in several ways, such as its use which is always made on the bounty platform as the main network, for me the difference between the two is very far, bitcoin is the parent coin and ethereum is one of the altcoins that is currently at the top level.

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