Bitcoin and Ethereum (ETH) are both popular cryptocurrencies, but they serve different purposes in the digital currency ecosystem.
Bitcoin $BTC
Bitcoin, created in 2009, is the first and most well-known cryptocurrency. It primarily functions as digital cash and a store of value. Bitcoin's main purpose is to enable peer-to-peer transactions without the need for intermediaries like banks.
It uses blockchain technology to secure transactions and control the creation of new units.
Ethereum $ETH
Ethereum, launched in 2015, is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). While Ether (ETH) is its native cryptocurrency, Ethereum's main focus is on providing a platform for creating various applications beyond simple peer-to-peer transactions.
Ethereum's blockchain also uses a proof-of-stake consensus mechanism, which is different from Bitcoin's proof-of-work.
In shortis that - Bitcoin is primarily a digital currency and a store of value, while Ethereum is a platform for decentralized applications and smart contracts. The choice between them depends on your specific use case and investment goals.
