Bitcoin and Ethereum, the two leading cryptocurrencies, differ significantly․ Bitcoin prioritizes security and simplicity, functioning primarily as a store of value․ Its blockchain records cryptocurrency transactions․
Ethereum, on the other hand, is designed for smart contracts and decentralized applications (dApps)․ It emphasizes rapid innovation and is a more advanced system capable of storing computer code․
Key Differences:
- Purpose: Bitcoin aims to be an alternative to fiat currency; Ethereum enables complex smart contracts․
- Supply: Bitcoin has a hard cap of 21 million coins․ Ethereum has a different emission rate․
- Mechanism: Bitcoin uses Proof of Work (PoW), while Ethereum uses Proof of Stake (PoS)․
Bitcoin is more established, making it a relatively safer investment․ However, Ethereum’s functionality offers broader potential․
Bitcoin and Ethereum, the two leading cryptocurrencies, differ significantly․ Bitcoin prioritizes security and simplicity, functioning primarily as a store of value․ Its blockchain records cryptocurrency transactions․
Ethereum, on the other hand, is designed for smart contracts and decentralized applications (dApps)․ It emphasizes rapid innovation and is a more advanced system capable of storing computer code․
Key Differences:
- Purpose: Bitcoin aims to be an alternative to fiat currency; Ethereum enables complex smart contracts․
- Supply: Bitcoin has a hard cap of 21 million coins․ Ethereum has a different emission rate․
- Mechanism: Bitcoin uses Proof of Work (PoW), while Ethereum uses Proof of Stake (PoS)․
Bitcoin is more established, making it a relatively safer investment․ However, Ethereum’s functionality offers broader potential․
