Bitcoin vs Ethereum – What’s the difference?
We will highlight the fundamental differences of Bitcoin and Ethereum
The purposes and ulitmate goals of Bitcoin and Ethereum
Bitcoin aims to be a digital gold if you will, that will eventually become a globally adopted currency which could replace or be an option to people to the conventional money. Ethereum is to become a platform based on smart contracts where decentralised apps can run.
Supply is another vital difference between Bitcoin and Ethereum
Bitcoin is capped at 21 million to be produced, Ethereum does not have any specific quantity. Both Bitcoin and Ethereum are use the process called mining in the their production. Ethereum plans to shift towards more environmentally friendly means rather than mining.
Technologies used in Bitcoin and Ethereum
Although the technologies behind Bitcoin and Ethereum are very much alike, there are several technical differences in the architecture of both platforms. As both platforms develop, the differences will become more evident and could possibly affect their trajectories.