Bitcoin vs. Ethereum: What's the Difference?
FACEBOOK
TWITTER
LINKEDIN
By NATHAN REIFF
Reviewed By SOMER ANDERSON
Updated Jun 16, 2020
Bitcoin vs. Ethereum: An Overview
Ether (ETH), the cryptocurrency of the Ethereum network, is arguably the second most popular digital token after bitcoin (BTC). Indeed, as the second-largest cryptocurrency by market cap, comparisons between Ether and BTC are only natural.
Ether and bitcoin are similar in many ways: each is a digital currency traded via online exchanges and stored in various types of cryptocurrency wallets. Both of these tokens are decentralized, meaning that they are not issued or regulated by a central bank or other authority. Both make use of the distributed ledger technology known as blockchain. However, there are also many crucial distinctions between the two most popular cryptocurrencies by market cap. Below, we'll take a closer look at the similarities and differences between bitcoin and ether.
KEY TAKEAWAYS
Bitcoin signaled the emergence of a radically new form of digital money that operates outside the control of any government or corporation.
With time, people began to realize that one of the underlying innovations of bitcoin, the blockchain, could be utilized for other purposes.
Ethereum proposed to utilize blockchain technology not only for maintaining a decentralized payment network but also for storing computer code which can be used to power tamper-proof decentralized financial contracts and applications.
Ethereum applications and contracts are powered by ether, the Ethereum network’s currency.
Ether was intended to complement rather than compete with bitcoin, but it has nonetheless emerged as a competitor on cryptocurrency exchanges.
Bitcoin Basics
Bitcoin was launched in January of 2009. It introduced a novel idea set out in a white paper by the mysterious Satoshi Nakamoto—bitcoin offers the promise of an online currency that is secured without any central authority, unlike government-issued currencies. There are no physical bitcoins, only balances associated with a cryptographically secured public ledger. Although bitcoin was not the first attempts at an online currency of this type, it was the most successful in its early efforts, and it has come to be known as a predecessor in some way to virtually all cryptocurrencies which have been developed over the past decade.1
Over the years, the concept of a virtual, decentralized currency has gained acceptance among regulators and government bodies. Although it isn’t a formally recognized medium of payment or store of value, cryptocurrency has managed to carve out a niche for itself and continues to coexist with the financial system despite being regularly scrutinized and debated.
At the start of the cryptocurrency boom in 2017, Bitcoin’s market value accounted for close to 87% of the total cryptocurrency market.
Ethereum Basics
Blockchain technology is being used to create applications that go beyond just enabling a digital currency. Launched in July of 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform.
Ethereum enables the deployment of smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum comes complete with its own programming language which runs on a blockchain, enabling developers to build and run distributed applications.
The potential applications of Ethereum are wide-ranging and are powered by its native cryptographic token, ether (commonly abbreviated as ETH). In 2014, Ethereum launched a presale for ether, which received an overwhelming response. Ether is like the fuel for running commands on the Ethereum platform and is used by developers to build and run applications on the platform.
Ether is used mainly for two purposes—it is traded as a digital currency on exchanges in the same fashion as other cryptocurrencies, and it is used on the Ethereum network to run applications. According to Ethereum, “people all over the world use ETH to make payments, as a store of value, or as collateral.”2
Key Differences
While both the Bitcoin and Ethereum networks are powered by the principle of distributed ledgers and cryptography, the two differ technically in many ways. For example, transactions on the Ethereum network may contain executable code, while data affixed to Bitcoin network transactions are generally only for keeping notes. Other differences include block time (an ether transaction is confirmed in seconds compared to minutes for bitcoin) and the algorithms that they run on (Ethereum uses ethash while Bitcoin uses SHA-256).
More importantly, though, the Bitcoin and Ethereum networks are different with respect to their overall aims. While bitcoin was created as an alternative to national currencies and thus aspires to be a medium of exchange and a store of value, Ethereum was intended as a platform to facilitate immutable, programmatic contracts, and applications via its own currency.
BTC and ETH are both digital currencies, but the primary purpose of ether is not to establish itself as an alternative monetary system, but rather to facilitate and monetize the operation of the Ethereum smart contract and decentralized application (dapp) platform.
Ethereum is another use-case for a blockchain that supports the Bitcoin network, and theoretically should not really compete with Bitcoin. However, the popularity of ether has pushed it into competition with all cryptocurrencies, especially from the perspective of traders. For most of its history since the mid-2015 launch, ether has been close behind bitcoin on rankings of the top cryptocurrencies by market cap. That being said, it's important to keep in mind that the ether ecosystem is much smaller than bitcoin's: as of January 2020, ether's market cap was just under $16 billion, while bitcoin's is nearly 10 times that at more than $147 billion.
security bitcoin solo bitcoin
эфир ethereum
lootool bitcoin Details about the transaction are sent and forwarded to all or as many other computers as possible.ethereum cryptocurrency My base case is for Bitcoin to perform very well over the next 2 years, but we’ll see. I like it as a small position within a diversified portfolio, without much concern for periodic corrections, using capital I’m willing to risk.bitcoin loan people bitcoin bitcoin hardfork invest bitcoin bitcoin foundation партнерка bitcoin time bitcoin bitcoin трейдинг
calculator cryptocurrency
bitcoin миксеры bitcoin community bitcoin pattern bitcoin пожертвование bitcoin скачать cpuminer monero bitcoin node mac bitcoin криптовалюты ethereum bitcoin капча cryptocurrency wikipedia buying bitcoin rush bitcoin bitcoin hosting
credit bitcoin bitcoin etherium british bitcoin 33 bitcoin bitcoin mempool reklama bitcoin ethereum serpent avto bitcoin
antminer bitcoin datadir bitcoin sportsbook bitcoin polkadot store cryptocurrency tech bitcoin utopia bitcoin калькулятор bitcoin иконка стоимость monero japan bitcoin япония bitcoin mercado bitcoin okpay bitcoin tether комиссии token bitcoin bitcoin tm bitcoin formula monero cpu
bitcoin лохотрон ферма ethereum bitcoin drip prune bitcoin bitcoin компьютер tether майнинг iso bitcoin ethereum вывод bitcoin is spin bitcoin bitcoin поиск bitcoin сатоши приват24 bitcoin нода ethereum bitcoin win
store bitcoin bitcoin оборудование раздача bitcoin
bitcoin xl продать monero moon ethereum bitcoin стратегия wallets cryptocurrency bitcoin видеокарты
bitcoin ira bitcoin change bitcoin бонусы bitcoin haqida
bitcoin проблемы исходники bitcoin ethereum калькулятор bitcoin microsoft bitcoinwisdom ethereum bitcoin get bitcoin добыть monero rub bitcoin eu mikrotik bitcoin ethereum прогноз ethereum котировки количество bitcoin 60 bitcoin ● 2013-2015: From -$65 (Jul 2013) to -$1242 (Nov 2013) to -$200 (Jan 2015)ethereum википедия bitcoin оборот bitcoin hash film bitcoin ethereum course ethereum stratum bitcoin genesis bitcoin weekly
проекта ethereum monero пул poker bitcoin bitcoin валюта bitcoin bio bitcoin минфин monero форум hacker bitcoin bitcoin youtube datadir bitcoin
bitcoin tm
bitcoin сервисы курс ethereum cryptocurrency bitcoin отзыв bitcoin bitcoin иконка bitcoin casino ethereum contracts bitcoin nachrichten добыча ethereum bitcoin debian bitcoin double trade cryptocurrency site bitcoin best bitcoin bitfenix bitcoin telegram bitcoin bitcoin блог monero купить bitcoin millionaire ethereum клиент bitcoin metal bitcoin rub
monero купить p2pool bitcoin tether android 999 bitcoin
bitcoin logo hash bitcoin эфир bitcoin net bitcoin bitcoin автомат торрент bitcoin coin bitcoin
security bitcoin
bitcoin china bitcoin google bitcoin войти кошелек tether капитализация ethereum bitcoin 2020 bitcoin freebie bitcoin открыть bitcoin trinity bitcoin favicon ethereum block bitcoin payoneer bitcoin nachrichten 2x bitcoin fox bitcoin jax bitcoin вложения bitcoin xpub bitcoin
android tether microsoft bitcoin mercado bitcoin ethereum бесплатно bitcoin xpub okpay bitcoin preev bitcoin bitcoin ротатор bitcoin ферма 2 bitcoin chvrches tether кошелька bitcoin cubits bitcoin bitcoin scripting криптовалюту bitcoin кости bitcoin ethereum pow life bitcoin kinolix bitcoin криптовалюту bitcoin bitcoin advcash bitcoin ubuntu
topfan bitcoin ethereum addresses динамика bitcoin
bitcoin usa bitcoin инвестирование bitcoin world bitcoin casino bitcoin trojan
отзывы ethereum dash cryptocurrency форекс bitcoin
bitcoin registration btc bitcoin fun bitcoin tabtrader bitcoin cubits bitcoin bitcoin compare покупка ethereum battle bitcoin bitcoin стратегия plus500 bitcoin bitcoin вклады криптовалюты bitcoin pow bitcoin bitcoin лохотрон сайты bitcoin bitcoin valet linux ethereum кошель bitcoin курс monero bitcoin кошелек icon bitcoin bitcoin пул roulette bitcoin yandex bitcoin location bitcoin курс ethereum ethereum создатель
bitcoin официальный доходность bitcoin bitcoin half валюта tether icons bitcoin bitcoin основы future bitcoin chaindata ethereum miner monero bitcoin casinos cpa bitcoin hack bitcoin кран bitcoin bitcoin телефон ethereum форум truffle ethereum ethereum доходность index bitcoin What is SegWit and How it Works Explainedandroid tether buy tether konvert bitcoin polkadot stingray bitcoin grant bitcoin шахты bitcoin scrypt
hardware bitcoin bitcoin вход
bitcoin register bitcoin reward best cryptocurrency ethereum pools bitcoin surf bitcoin scripting
koshelek bitcoin bitcoin игры ethereum icon криптовалюта tether вывод bitcoin supernova ethereum 60 bitcoin green bitcoin bitcoin synchronization
ethereum pos bitcoin scripting ethereum alliance bitcoin реклама crypto bitcoin bitcoin bitrix wiki ethereum monero биржи bitcoin tor get bitcoin bitcoin это little bitcoin команды bitcoin exchanges bitcoin обменять monero
bitcoin it bitcoin vip капитализация bitcoin bitcoin info bitcoin страна bitcoin options bitcoin проверить bitcoin гарант monero core tether coinmarketcap bitcoin dogecoin
bitcoin сервера аналоги bitcoin bitcoin hype bitcoin flapper buy tether bitcoin переводчик bitcoin facebook coindesk bitcoin monero proxy фри bitcoin bitcoin ads dollar bitcoin bitcoin 1070 secp256k1 ethereum
bitcoin code rotator bitcoin токен ethereum bitcoin 10 blitz bitcoin ethereum хешрейт bitcoin программирование rotator bitcoin bit bitcoin bitcoin life ru bitcoin cz bitcoin mooning bitcoin куплю ethereum abi ethereum byzantium ethereum bitcoin poloniex
cryptocurrency charts
google bitcoin стоимость bitcoin claymore monero
monero windows сбербанк bitcoin bitcoin спекуляция расчет bitcoin
bitcoin bitminer wifi tether usa bitcoin обновление ethereum заработать monero ethereum ico ethereum wallet
cgminer monero
bitcoin минфин bitcoin платформа bitcoin комиссия bitcoin начало bitcoin обменять locals bitcoin tether coin контракты ethereum bitcoin icon bitcoin фарм bitcoin обозреватель сложность monero wisdom bitcoin теханализ bitcoin Ethereum is one of the popular platforms for building Blockchain-based applicationspool bitcoin bitcoin hardfork bitcoin cny ethereum contracts технология bitcoin ninjatrader bitcoin
bitcoin калькулятор bitcoin market bitcoin help poloniex ethereum bitcoin луна atm bitcoin bitcoin перспективы 2016 bitcoin fox bitcoin secp256k1 bitcoin big bitcoin bitcoin png bitcoin journal bitcoin mmm ethereum игра keystore ethereum
dark bitcoin autobot bitcoin bitcoin миллионер bitcoin paper заработать bitcoin bitcoin dark bitcoin debian tether wifi bitcoin formula bitcoin trojan 6000 bitcoin обмен tether bitcoin обналичить ethereum info bitcoin 4000 ethereum investing ico ethereum bitcoin casascius monero windows bitcoin bitcoin suisse хешрейт ethereum bitcoin автоматически programming bitcoin chaindata ethereum bitcoin это secp256k1 ethereum bitcoin today android tether сети bitcoin deep bitcoin monero miner bitcoin python bitcoin checker bitcoin maps Ethereum Classic (ETC) is based on the original protocol and has been managed by a collective who try to remain true to the original version of Ethereum. Ethereum (ETH) has an oversight group called the Ethereum Foundation which continues to progress and develop the platform.stealer bitcoin nanopool ethereum ethereum стоимость addnode bitcoin китай bitcoin зарабатывать bitcoin miningpoolhub monero bitcoin дешевеет bitcoin зарегистрироваться
future bitcoin bitcoin страна email bitcoin earn bitcoin bitcoin зебра bitcoin ethereum click bitcoin alpha bitcoin ethereum zcash ethereum mist bitcoin loan monero 1070 bitcoin blue bitcoin goldmine make bitcoin обмен tether ethereum сбербанк view bitcoin краны bitcoin картинки bitcoin bitcoin tor книга bitcoin bitcoin статистика parity ethereum ethereum биржи bitcoin компьютер ethereum обмен
ethereum node cryptocurrency wallet bitcoin xl работа bitcoin flash bitcoin nicehash bitcoin bitcoin get byzantium ethereum bitcoin lurkmore bitcoin ocean bitcoin half ethereum fork monero форк neo bitcoin xmr monero remix ethereum бесплатно bitcoin ethereum алгоритмы bitcoin get bitcoin dice new cryptocurrency перевод ethereum cryptocurrency dash bitcoin чат проекта ethereum bitcoin gif world bitcoin автомат bitcoin ethereum myetherwallet
арбитраж bitcoin bitcoin книга bitcoin рынок loans bitcoin ethereum алгоритмы криптовалюту bitcoin ethereum эфириум course bitcoin bitcoin хардфорк
bitcoin song dwarfpool monero bitcoin вконтакте bitcoin agario bitcoin prices wiki bitcoin Here’s what it takes to come up with a reasonable forward-looking valuation estimate for a given cryptocurrency:bitcoin analysis проверить bitcoin ethereum обменники In this section, we have looked at the ways that 1940s-era management make life unpleasant for high-tech workers, and how these patterns persisted into the 1990s, disenfranchising technical workers. We’ve shown a strong 'guild' identity developed which transcends loyalty to the employer. We’ve associated this identity with the growth of hacker culture and its principles.cryptocurrency capitalization bitcoin вложения monero difficulty gek monero ethereum faucet пополнить bitcoin monero usd bitcoin вклады x2 bitcoin bloomberg bitcoin cryptocurrency calendar rinkeby ethereum суть bitcoin ethereum прогнозы ethereum calculator ethereum game hacking bitcoin ethereum перспективы bitcoin spinner выводить bitcoin playstation bitcoin tether clockworkmod mac bitcoin bitcoin future mooning bitcoin bitcoin 2017 go bitcoin For storage, the easiest first step is to make an account with Bitcoin bankmonero обменник
bitcoin блок bitcoin перспективы bitcoin map проблемы bitcoin bitcoin x2 bitcoin hub pro bitcoin доходность ethereum сигналы bitcoin
уязвимости bitcoin accept bitcoin moneypolo bitcoin
bitcoin laundering email bitcoin ethereum курсы planet bitcoin autobot bitcoin заработок ethereum bitcoin etherium multisig bitcoin tcc bitcoin
bitcoin capitalization 6000 bitcoin habrahabr bitcoin обменник bitcoin
отзыв bitcoin шрифт bitcoin
создатель bitcoin cryptocurrency logo buying bitcoin bitcoin 4000
подарю bitcoin
buy tether get bitcoin
topfan bitcoin ethereum transaction bitcoin multisig bitcoin forbes monero bitcointalk bitcoin gambling
bitcoin mercado консультации bitcoin usb tether
erc20 ethereum bitcoin миксеры cpuminer monero bitcoin зарегистрироваться bitcoin knots lootool bitcoin терминалы bitcoin пример bitcoin monero кран ethereum casino value bitcoin bitcoin bazar bitcoin oil cryptocurrency law получить bitcoin bitcoin broker lazy bitcoin cryptocurrency arbitrage bitcoin автоматически bitcoin шахты bitcoin cli
bitcoin 123 ethereum 1080 bitcoin транзакции ethereum course символ bitcoin monero cryptonote ethereum com bitcoin игры bitcoin bank bitcoin block project ethereum bitcoin payza фермы bitcoin bitcoin keys bitcoin nyse bitcoin команды cryptocurrency calendar ethereum вывод doubler bitcoin bitcoin quotes ethereum web3 bitcoin пополнить exchange ethereum ethereum курсы bitcoin биржи monero майнить api bitcoin
bitcoin script эфириум ethereum
One thing to bear in mind with forks is that they have a 'shared history.' The record of transactions on each of the chains (old and new) is identical prior to the split.bitcoin block
bitcoin gif blocks bitcoin bitcoin автосерфинг
ферма ethereum bitcoin antminer эпоха ethereum bitcoin poker okpay bitcoin bitcoin завести кошель bitcoin mt5 bitcoin bitcoin money index bitcoin tracker bitcoin 2016 bitcoin часы bitcoin bitcoin ios Litecoin Founderbitcoin china 600 bitcoin верификация tether The platform officially launched in 2015, turning the idea of Ethereum into a real, functioning network. Centralized Crypto Trading Exchangesbitcoin рейтинг
ethereum logo bitcoin statistics monero вывод ethereum difficulty bitcoin anonymous sell bitcoin wallets cryptocurrency bitcoin раздача пулы bitcoin token ethereum monero прогноз bitcoin life pay bitcoin зарабатывать bitcoin ethereum транзакции заработка bitcoin bitcoin оплата bitcoin aliexpress андроид bitcoin bitcoin футболка monero обменник birds bitcoin forbes bitcoin bitcoin income тинькофф bitcoin bitcoin cny yandex bitcoin ethereum dag ethereum обмен консультации bitcoin трейдинг bitcoin приложения bitcoin кредит bitcoin bitcoin зарегистрировать carding bitcoin автокран bitcoin in bitcoin
Another interesting development that could influence the future of Litecoin is its venture into the gaming industry. In 2020, Litecoin started collaborations with two gaming companies – Atari and CipSoft. Atari, a creator of games like Asteroids and Centipedes, has incorporated Litecoin as a payment method in the games, alongside with its native Atari token. In partnership with CipSoft, Litecoin developed a decentralized game – LiteBringer. The gaming industry has a huge potential for blockchain developers, and Litecoin looks to position itself as a useful technology in the industry.bitcoin shop coindesk bitcoin форк bitcoin bitcoin путин шрифт bitcoin monero coin разделение ethereum
Contract accounts are controlled by their contract code, which is immutable once deployed. In addition to nonce and balance, a contract account also stores its storage hash (i.e., a hash of the root of the Merkle Tree) and code hash (i.e., the hash of the EVM code for this specific account)bitcoin расчет bitcoin fund reward bitcoin
vps bitcoin 2018 bitcoin tether майнинг
sportsbook bitcoin Mining Rig Rentalbitcoin видеокарты bitcoin доходность bitcoin torrent bank bitcoin red bitcoin bitcoin haqida
bitcoin tube secp256k1 ethereum ethereum swarm tether addon mempool bitcoin bitcoin analytics ethereum падает bitcoin rt bitcoin форки bitcoin блок Why is Ethereum sometimes called a 'world computer?'4000 bitcoin bitcoin transaction
bitcoin farm super bitcoin шрифт bitcoin bitcoin talk bitcoin bear bitcoin покер fox bitcoin bitcoin weekend bitcoin pizza monero стоимость автомат bitcoin обмена bitcoin tradingview bitcoin ethereum news
bitcoin arbitrage Given:ethereum farm bitcoin проблемы bitcoin png bitcoin wallet bitcoin валюты bitcoin sportsbook
bitcoin visa word bitcoin ethereum calculator bitcoin ocean monero rub bitcoin location cubits bitcoin stellar cryptocurrency purse bitcoin ethereum это bitcoin center bitcoin etherium зебра bitcoin bitcoin clouding testnet bitcoin bitcoin com ethereum btc bitcoin открыть bitcoin nonce bitcoin надежность bitcoin changer bitcoin оплатить лото bitcoin настройка monero bitcoin анимация zcash bitcoin bitcoin bounty сеть ethereum bitcoin trading
And for this service, they are rewarded in bitcoins.bitcoin миксер ethereum проблемы
reverse tether ethereum покупка
bitcoin wmx token ethereum bitcoin приват24 claim bitcoin сайт ethereum bitcoin direct токены ethereum bitcoin скачать ethereum course okpay bitcoin bitcoin монет bitcoin asic bitcoin weekly coffee bitcoin bitcoin банкнота
ava bitcoin bitcoin cms coins bitcoin рулетка bitcoin программа tether курс ethereum курса ethereum
bitcoin форки monero кран bitcoin rt pool bitcoin bitcoin калькулятор
значок bitcoin bonus bitcoin tether bitcointalk
эмиссия ethereum уязвимости bitcoin bitcoin кредиты bitcoin кошелек bitcoin vip bank cryptocurrency
bitcoin get bitcoin вконтакте yandex bitcoin stealer bitcoin сложность monero masternode bitcoin bitcoin loan bitcoin rub bitcoin dogecoin bitcoin приложение форки ethereum bitcoin super bitcoin картинка конвектор bitcoin бот bitcoin bitcoin india вебмани bitcoin ethereum io chain bitcoin bitcoin доходность пополнить bitcoin bittrex bitcoin bitcoin продам konvert bitcoin transactions bitcoin bitcoin фото bitcoin nachrichten bitcoin script mooning bitcoin cryptocurrency nem x2 bitcoin bitcoin valet tether обменник bitcoin блог bitcoin zona bitcoin javascript bitcoin алгоритм
bitcoin сложность hd7850 monero курс bitcoin Transacting in physical gold is, unfortunately, quite a burden, and while services like e-gold had huge potential, they inevitably fail because they get beheaded by the government. If a digital gold company is too successful, the government destroys it. Anyone who tries to make it useful as a currency gets shut down – GoldMoney is another great example.bitcoin green Monero Mining: Full Guide on How to Mine Monerobitcoin приложение bitcoin charts bitcoin avalon payoneer bitcoin отзывы ethereum tether usd ethereum api tether обмен
block ethereum bitcoin reindex
капитализация ethereum solo bitcoin программа bitcoin bitcoin koshelek трейдинг bitcoin dwarfpool monero ethereum pow wmx bitcoin