âïžEthereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It was proposed by Vitalik Buterin in late 2013, and development began in early 2014, with the network going live on July 30, 2015.
âïžEthereum uses blockchain technology to create a secure, tamper-proof, and transparent system for executing smart contracts, which are self-executing contracts with the terms of the agreement directly written into code This allows for the creation of decentralized applications that run on the Ethereum network without the need for a central authority.
âïž Bitcoin is a type of digital currency that was introduced in 2009 by a person or group named Satoshi Nakamoto." Bitcoin is known as the first digital currency based on blockchain technology.
âïž Bitcoin operates on a blockchain network that is managed by various people and computers around the world. This digital currency can be transferred between people without a direct intermediary, and its transactions are carried out using cryptography. The Bitcoin blockchain acts as a ledger that records all Bitcoin transactions and prevents their irreversible changes.
âïž Coins and tokens are both types of digital currency, but with differences between them.
1ïžâŁ Coins act as currency for a particular blockchain network. Usually, coins are used as the main units of transactions in a blockchain network. For example, Bitcoin, Ethereum, and Litecoin are among the famous coins.
âïž Blockchain is a distributed and decentralized digital ledger technology that is used to record transactions across multiple computers in a way that is secure, transparent, and resistant to modification. Each "block" in the blockchain contains a list of transactions, and these blocks are linked together in a chronological order, forming a chain.
âïž Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates independently of a central bank. It is decentralized and typically uses a technology called blockchain to securely record and verify transactions. Some well-known examples of cryptocurrencies include Bitcoin, Ethereum, and Ripple. Cryptocurrencies can be used for online purchases, investment, and as a means of transferring funds. . . .