How is Bitcoin different than Ethereum? Read this article and discover everything you need to know about bitcoin vs ethereum!
Bitcoin, Ethereum, Litecoin, all of these big players in the cryptocurrency world have increased their value in the last couple of months. More and more people are investing in cryptocurrencies and this is one of the reasons why these virtual coins have become so popular. But, while they may seem the same to you, offering you a great opportunity to invest your money and make a profit or to transfer money all over the Internet, there is a difference between Bitcoin, Ethereum, and Litecoin.
How is Bitcoin different than Ethereum? In this article, we will present the key differences between Bitcoin vs Ethereum:
- Bitcoin – This is the first cryptocurrency that ever existed, which is why it is known as the original. Bitcoin first outlines in 2008 by a mysterious person known as Satoshi Nakamoto and since then Bitcoin has introduced several key ideas and innovations that have underpinned other cryptocurrencies since. We are talking about the blockchain technology, a public ledger that allows communities to share cryptocurrency in a safe way without fear of illegal transactions. When it comes to the price, Bitcoin has exploded over the past couple of months, and today is reaching more than $14.000.
- Ethereum – The Ethereum has introduced 4 years ago or in 2013 and on the surface, this cryptocurrency seems a lot like the original Bitcoin. The Ethereum was introduced by Vitalik Buterin, 19-years old boy. The difference between Bitcoin vs Ethereum is that Ethereum is more like a software platform, a platform where dApps or decentralized apps use the blockchain technology to complete transactions. The Ethereum is currently worth $676.63. The ethereum can undertake smart contracts. The best way to describe this is simple instructions that can move other cryptocurrencies around in their own world. Consider it like an instruction to the bank or other institution, except, in this case, it is instant and handled by computers.