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Compare BTC and ETH
Bitcoin and Ethereum despite the similarities they have with each other; They also include fundamental differences. Next, we will examine the difference between Bitcoin and Ethereum and their similarities.
similarities:
Both of these systems are based on blockchain technology and operate in a decentralized manner.
Both use a peer-to-peer (P2P) payment system to transfer currency and data.
Both coins are a public network that users can operate on their platform without the need to obtain permission.
Each has its own blockchain.
Transactions, deals and contracts are carried out on the platform of both blockchains without intermediaries and intermediary costs.
Security is very high due to encryption in both networks.
Transactions in both networks are non-stop and irreversible.
The differences:
The Bitcoin blockchain is just a Bitcoin cryptocurrency ownership tracking system and a global instant payment system.
Ethereum is a platform for running thousands of decentralized applications and contracts.
Block creation in Ethereum is once every 14 seconds; This process takes place in the Bitcoin blockchain every 10 minutes.
In the Bitcoin network, 7 transactions are done every second; Meanwhile, 16 transactions are recorded every second on the Ethereum platform.
Due to the rudimentary nature of the scripts, it is not possible to perform a smart contract on the Bitcoin network (this is possible on Ethereum).
The value of Bitcoin coins and Ethereum ethers is different.
Bitcoin is supplied with a certain number of 21 million; While Ether cryptocurrency has no supply limit.
Ethereum uses the proof-of-stake algorithm to reach consensus after Marj's update; Therefore, it no longer supports the proof-of-work consensus process and cannot be extracted.#BTC #ETE #sano016
Bitcoin and Ethereum despite the similarities they have with each other; They also include fundamental differences. Next, we will examine the difference between Bitcoin and Ethereum and their similarities.
similarities:
Both of these systems are based on blockchain technology and operate in a decentralized manner.
Both use a peer-to-peer (P2P) payment system to transfer currency and data.
Both coins are a public network that users can operate on their platform without the need to obtain permission.
Each has its own blockchain.
Transactions, deals and contracts are carried out on the platform of both blockchains without intermediaries and intermediary costs.
Security is very high due to encryption in both networks.
Transactions in both networks are non-stop and irreversible.
The differences:
The Bitcoin blockchain is just a Bitcoin cryptocurrency ownership tracking system and a global instant payment system.
Ethereum is a platform for running thousands of decentralized applications and contracts.
Block creation in Ethereum is once every 14 seconds; This process takes place in the Bitcoin blockchain every 10 minutes.
In the Bitcoin network, 7 transactions are done every second; Meanwhile, 16 transactions are recorded every second on the Ethereum platform.
Due to the rudimentary nature of the scripts, it is not possible to perform a smart contract on the Bitcoin network (this is possible on Ethereum).
The value of Bitcoin coins and Ethereum ethers is different.
Bitcoin is supplied with a certain number of 21 million; While Ether cryptocurrency has no supply limit.
Ethereum uses the proof-of-stake algorithm to reach consensus after Marj's update; Therefore, it no longer supports the proof-of-work consensus process and cannot be extracted.#BTC #ETE #sano016
Bitcoin and Ethereum see gains after BlackRock files for Ethereum-based ETF.Â
BlackRock, the world's largest asset manager, filed for an Ethereum spot ETF with the US Securities and Exchange Commission (SEC) on Thursday. This move is seen as a major boost for the legitimacy of Ethereum and could lead to increased institutional investment in the cryptocurrency.
#etf #ETE #NeverGiveUp_BNB
BlackRock, the world's largest asset manager, filed for an Ethereum spot ETF with the US Securities and Exchange Commission (SEC) on Thursday. This move is seen as a major boost for the legitimacy of Ethereum and could lead to increased institutional investment in the cryptocurrency.
#etf #ETE #NeverGiveUp_BNB
