What are the main differences between Bitcoin and Ethereum
$BTC $ETH
They are the two most famous systems in the world of cryptocurrencies, but they differ in many aspects. Here are some key differences:
- Purpose:
- Bitcoin: A decentralized digital currency and store of value.
- Ethereum: A platform for running smart contracts and decentralized applications.
- Technology:
- Bitcoin: Based on proof-of-work (PoW) technology.
- Ethereum: Based on proof-of-stake (PoS) technology after the upgrade to version 2.0.
- Speed:
- Bitcoin: Takes about 10 minutes to confirm a transaction.
- Ethereum: Each transaction is confirmed in about 12-15 seconds.
- Use:
- Bitcoin: Mainly used as a means of payment and a store of value.
- Ethereum: Used to support decentralized applications and decentralized finance (DeFi).
- Supply:
- Bitcoin: Has a limited supply of 21 million units.
- Ethereum: There is no maximum limit on the number of units that can be created.
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