Bitcoin was created in 2009 as a response to the 2008 crisis. It is a digital currency for secure exchange without banks, developed by Satoshi Nakamoto on a decentralized network. A total of 21 million BTC will be issued, of which more than 19.5 million have already been mined.

Created by Vitalik Buterin in 2013, Ethereum is the second-largest cryptocurrency by market capitalization, with a market cap of over $240 billion. Ethereum was launched in 2015.

The main differences between BTC and ETH are:

1️⃣Назначение:

– Bitcoin: a payment system and database for crypto transactions used for global payments and investments;

– Ethereum: A platform for smart contracts and decentralized applications (DApps) that can store code and create tokens, including non-fungible tokens (NFTs).

2️⃣Технология:

– Bitcoin uses Proof-of-Work (PoW), and Ethereum has switched to Proof-of-Stake (PoS);

– In Bitcoin, the block reward decreases every four years, while in Ethereum it is fixed at 3 ETH per block;

– A transaction in Bitcoin is confirmed in about 10 minutes, in Ethereum – in 4 minutes.

3️⃣Протоколы:

Bitcoin and Ethereum operate on different protocols, so transactions on one network cannot be completed on the other.

Ethereum-based tokens: Examples include Polygon (MATIC), Decentraland (MANA), Uniswap (UNI).

The ETH rate often depends on the BTC price, as many transactions occur in the ETH/BTC pair. Despite high volatility, Bitcoin and Ethereum continue to attract the interest of investors and government agencies.

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