What is the difference between Bitcoin and Ethereum?
Bitcoin and Ethereum are both cryptocurrencies, but they have a number of key differences.
Bitcoin was the first cryptocurrency, and it is still the most popular. It is designed to be a digital currency that can be used to buy and sell goods and services. Ethereum is a newer cryptocurrency that was created in 2015. It is designed to be more than just a currency, and it is often referred to as a "smart contract platform."
Here is a table that summarizes the key differences between Bitcoin and Ethereum:
Feature | Bitcoin | Ethereum |
---|---|---|
Purpose | Digital currency | Smart contract platform |
Blockchain | Proof-of-work | Proof-of-stake |
Maximum supply | 21 million | No limit |
Transaction speed | 10 minutes | 15 seconds |
Transaction cost | Variable | Low |
As you can see, Bitcoin and Ethereum are two very different cryptocurrencies. Bitcoin is designed to be a digital currency, while Ethereum is designed to be a smart contract platform.
If you are looking for a cryptocurrency to use to buy and sell goods and services, then Bitcoin is a good option. If you are looking for a cryptocurrency to use to build decentralized applications, then Ethereum is a good option.
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