What is the difference between Bitcoin and Ethereum?

[HayKay]

Bitcoin is more of a blockchain that transactions are done and stored in blocks while ehtereum is a platform where other projects can be built on - this isn't available in the Bitcoin blockchain, only bitcoin can be mined on it.

 

[RG5]

One of the major difference between them is their financial supply. Bitcoins have already mined more than two-thirds of all available bitcoins, and most of them were primary mining.

 

[Bookwormlux]

The difference is in the fact that bitcoin is the first cryptocurrency, and it is what's really determines how far the market close. Ethereum is not different from any other altcoin that is available in the market.

 

[Busybee]

Bitcoin is the first cryptocurrency to introduce Blockchain technology it is made to be safe and secure and followed complex algorithms. It is limited to a 21 million coin supply. Hence is not scalable after a point. Ethereum tried to address all these issues, it is programmable, it can be scaled up and it does allow other apps and smart contracts built upon its network.

 

[Achawaskey]

The are many difference, the name is not the same despite coming from blockchain technology, the address is not the same, there capitalization is not same, bitcoin has stayed for over a decade, even withdrawing fees your wallet is not same.

 

[Chibson]

Bitcoin and ethereum are both great cryptocurrencies and probably the most popular and valued cryptocurrencies respectively. Bitcoin has been around since 2008 and of course a lot of people generally call cryptocurrencies bitcoin at times. ethereum on the other hand is a very great project are probably the second best cryptocurrency and most useful in the cryptocurrency space.

 

[Lens]

Bitcoin is the king coin and it is first cryptocurrency. The ethereum is obviously the second by market capitalization but the ethereum network has more uses.

 

[Setho]

Bitcoin is the first cryptocurrency that has ever been launched in the ecosystem while Ethereum is the first layer one project all block chain project that has been launched up till today.

 

[Josephjossy]

They are the two best crypto currencies in the world, Bitcoin is first and eth is second, Bitcoin price increase faster than eth. Bitcoin is the most valuable crypto currency, eth is second after Bitcoin. It is also high valued but not as Bitcoin. That's the difference between the two

 

[Sotherefore]

Ethereum network is a general network for which other cryptocurrency can be built on , in terms of bitcoins it seems to be a network which other cryptocurrency could not be build open it. That's how I understand it.

 

[Planbizzle]

In terms of cryptocurrency Bitcoin and Ethereum we can equate, but if we look deeper there will be striking differences such as in terms of the use of the two cryptos, in terms of blockchain, the amount of crypto and the length of transaction time etc. I don't understand the difference between the two cryptos, can you explain?

The function of their networks is where Bitcoin and Ethereum diverge most. While Ethereum is a platform for creating decentralized applications and smart contracts, Bitcoin is essentially a virtual currency.

 

[Chibson]

Bitcoin is the first cryptocurrency and it is actually the most popular. On the other hand ethereum is the foremost altcoin. It also have a lot of use cases much more than Bitcoin.

 

[Heatman]

Bitcoin is the first cryptocurrency and it is actually the most popular. On the other hand ethereum is the foremost altcoin. It also have a lot of use cases much more than Bitcoin.

Bitcoin will always remain the king of cryptocurrency because it was the first cryptocurrency that we know the blockchain technology had and with everything the coin have faced over the last couple of years to see it taken out of commission, it has remained strong. Ethereum is the next one after BTC. If any coin can get to where BTC is now, it's only Ethereum.

 

[Grant]

Is there even a difference in how they work and how they were created? I feel like the main difference is the worth of each currency, especially with Bitcoin reaching large sums, and Ethereum doing fairly decent in its own right. They have different creators, may have different infrastructure and ways of earning/mining, etc. I couldn't tell you for sure if there is any differences aside from worth and name.

 

[Heatman]

Is there even a difference in how they work and how they were created? I feel like the main difference is the worth of each currency, especially with Bitcoin reaching large sums, and Ethereum doing fairly decent in its own right. They have different creators, may have different infrastructure and ways of earning/mining, etc. I couldn't tell you for sure if there is any differences aside from worth and name.

This is just the summary when it comes to the actual difference between Bitcoin (BTC) and Ethereum (ETH). They have some similarities but the differences are quite clear.