What is the basic difference bitcoin and ethereum?

[semobo]

There is a huge difference is the supply, for bitcoin its completely fixed from the beginning while ethereum availability is still unlimited which is the reason why ethereum often faces scalability issues.ETH2.0 also going to end this unlimited supply and the mode of verification is going to be changed from PoW to PoS so these two are completely different chains with different utility purposes.

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[Davian144]

Yea its nicer now, but i expect lower gas fee so its can be used for small transaction like coffee shop or grocery. So it can be wide adoption and create a huge cashflow in the future.

When it comes to transactions on the Ethereum platform, I think it's pretty cheap now when compared to the fees in the past, but for fees on Bitcoin I myself have rarely used it so I can't give a conclusion now.

[cliber]

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.

Overall Ethereum is very easy to use, this application cannot be controlled by anyone, thus allowing people to be an option in the future.

But Bitcoin has a more sophisticated system, even those who first managed to rank 1, its value is very tempting, even though it was created as an online payment system.

Regardless of the advantages and disadvantages of both, choice is the portion that is needed, if this year Bitcoin is more profitable then why do we use Ethereum, and vice versa, if Ethereum is more profitable it is impossible for bitcoin to be an option.

I think it's just a matter of need-matching, so both are the best choices, considering we are more likely to choose what we need at this time rather than just choosing it.

[MoneyJ]

As I will re-state what Michael Saylor view this, Bitcoin is a digital property. It is a great store of value. As to Ethereum is the digital business entity that can exist within a digital property. Bitcoin secures the network where in Ethereum propagates the use of blockchain applications.

[JillianTaft]

Bitcoin is the value itself, and Ethereum is a computing platform that can provide all kinds of applications to run.

[NathanielParker]

Bitcoin and Ethereum are a distributed public blockchain network, but their uses and capabilities are different. Bitcoin is a currency, and Ethereum is a symbol. Ether is for money, and Ethereum is for contracts.

[Samurai trieng]

In my opinion bitcoin is the first digital money made in cryptocurrency with a very limited amount of course having a very high value, while Ethereum is a platform that was developed to become a network for a project, besides that ETH is also a promising investment.

[J1mb0]

Many people frequently ask is bitcoin better or is ethereum better.

There is no exact answer to this question, Bitcoin and ETH were born to serve different purposes.
Bitcoin was born first and is the king of the market
ETH was born with the purpose of being the foundation currency and it is considered by everyone as the queen of the market.

[Qirtov]

I will try to add a little explanation about the basic differences between btc and eth. Firstly Ethereum uses smart contracts, you can use smart contacts for many more things than Bitcoin. second
The Ethereum blockchain was released in 2015. It is 6 years newer and further developed compared to the Bitcoin blockchain (released in 2009). third
The Ethereum blockchain is an advanced version of the Bitcoin blockchain so it can fix some issues and introduce new features like smart contracts. the latter
Ethereum transaction fees are cheaper and faster in seconds than Bitcoin transaction fees and time which is more expensive and takes minutes.

[sunsilk]

For those type of transactions, the most ideal crypto for it is bitcoin. It's cheaper than before and with those coffee shops and other stores, they can accept bitcoin's lightning network.

That's surely are cheap fees for every transaction. There are some altcoins that are also good for it which offers free transactions like Nano. But it won't be stopped to see Ethereum being adopted to be used for those transactions.

Im never use lighting network, it should be something so techy to be used or just a simple click to do? Is it a second-layer network that need to be installed or something?

You don't have to be techy to use it. There are a lot of articles that teaches you how to use it and how fast it is for small transactions.

https://www.investopedia.com/terms/l/lightning-network.asp

What is Lightning Network and how it works

If that's not enough, search for videos that shows graphical explanation about it.

[hidingyou]

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.

The difference between the two, was Bitcoin is the strongest in crypto market. It is the highest value and the King of all coins.
While Ethereum is the second for bitcoin and the greatest of all Altcoins which is transparent also for all tokens in every gas transaction.

[shinratensei_]

but i expect lower gas fee so its can be used for small transaction like coffee shop or grocery. So it can be wide adoption and create a huge cashflow in the future.

It can be lower than the current gas fees when all of updates will be fully implemented but im still waiting whether there will be an adjustment to the block to increase the block size. This will be totally needed to increase the capacity of the transaction and then the ethereum users can receive or send with very small fees.
Retail store and merchant can start to use it as online payment system

[aemma]

Thanks for the short write-up, it is actually filled with the necessary information one can grab as fast as possible. In addition, I would like to add that, Ethereum is the blockchain with the best smart contracts than others, and its DApps are growing more and more with each day that is to show more users and developers are finding it better than others.
Bitcoin on the other hand can be said to be the most decentralized blockchain than Ethereum, and this decentralization is most likely what lead to the huge trust people have for it, such that many people who want to invest in a big way with crypto always starts with Bitcoin, people who are planning for long term also starts with Bitcoin before considering others like Ethereum . However, both are the best cryptocurrencies out there and their growth and adoption can't be compared to others.

[yhiaali3]

The question of who is better is not fair!! Both Bitcoin and Ethereum have some good features that make them superior to other coins and they also have some negatives, for example Bitcoin has the problem of block size and transaction delay in addition to the problem of electrical energy that we need for mining, but despite all that Bitcoin remains the coin The first popularity in the world and has the largest trading volume in the market in addition to being the real engine of all markets.
 Ethereum mainly suffers from network congestion and high fees but also has many other important features and DAPP applications and with the move to Proof of Stake POS will solve the problems of congestion, delays and high fees and is the second currency in the market.
Conclusion I can say that with hundreds of coins appearing that outperform Bitcoin, but Bitcoin will remain the #1 best and most popular coin of all time.

[RbiggerG]

The question of who is better is not fair!! Both Bitcoin and Ethereum have some good features that make them superior to other coins and they also have some negatives, for example Bitcoin has the problem of block size and transaction delay in addition to the problem of electrical energy that we need for mining, but despite all that Bitcoin remains the coin The first popularity in the world and has the largest trading volume in the market in addition to being the real engine of all markets.
 Ethereum mainly suffers from network congestion and high fees but also has many other important features and DAPP applications and with the move to Proof of Stake POS will solve the problems of congestion, delays and high fees and is the second currency in the market.
Conclusion I can say that with hundreds of coins appearing that outperform Bitcoin, but Bitcoin will remain the #1 best and most popular coin of all time.

While we are talking about the energy consumption and block size as a problem for Bitcoin, we shouldn't forget that with these features as I call them Bitcoin obviously stayed on top since its inception and is the most valuable network there is in the crypto world. The majority of investors sees it the same way or otherwise we would see coins with no energy consumption and no block size problems at the top of the list, but that is not the case. We must thoroughly consider what kind of long term implications certain aspects about the protocol really have. Energy consumption sounds negative at first glance, but is it really or is there also good things about it?

[avarnet]

Ethereum and BTC are the same thing: because they are digital currencies that are traded online and stored in different types of cryptocurrency addresses. Both tokens are decentralized, meaning they are not issued or regulated by a central bank or state financial services authority. but they use a distributed ledger technology known as blockchain. However, there are also many important differences between the two most popular cryptocurrencies by market cap

[H1N1]

I don't think btc is the only peer to peer electronic money, ethereum and other altcoins are peer to peer money too.
The basic difference between Bitcoin and Ethereum is the smart contract.
Ethereum blockchain has smart contract that we can use to build many apps such as defi apps.

[adiebitsler]

I don't think btc is the only peer to peer electronic money, ethereum and other altcoins are peer to peer money too.
The basic difference between Bitcoin and Ethereum is the smart contract.
Ethereum blockchain has smart contract that we can use to build many apps such as defi apps.

Now almost all coins already have peer to peer technology, it's just that the number of uses is different, so the one that is used the most will always be more famous and also be better than the others, even though the technology is almost the same.

[lumierre]

One of the main differences between those two mainstream currencies is that Bitcoin has a limit of 21,000,000 coins, as opposed to unlimited Ethereum.
Also I think that bitcoin is more decentralized.
We see that Ethereum is changing all the time during updates. On the other hand, Bitcoin is in stagnation.

[Jolankaa]

I read a perfect description of the difference on Blockster. https://blockster.com/blockdesk/780_bitcoin-vs-ethereum-what-039-s-the-difference