Indeed as the second largest. An overview ether eth the cryptocurrency of the ethereum network is arguably the second most popular digital token after bitcoin btc. The former was introduced back in october 2008 while the latter in 2015.
First off it s important to note that bitcoin has been on the market for a lot longer than ethereum. Btc vs eth has historically been an interesting match to watch but bitcoin has definitely managed to outperform ethereum substantially. Through the years bitcoin has proved to be a better store of value while ether etheruem s currency is a faster payment method.
Bitcoin is an alternative to fiat currency while ethereum is a do it yourself platform for decentralized programs. Bitcoin and ethereum serve two very different purposes. Programers and companies are able to use the network and create decentralized applications dapps.
Ethereum instead is a development platform that uses ether as a native currency. Bitcoin has been created as a store of value and as digital money. You can think of it as the equivalent of getting your change back when you make a cash transaction.
Utxos are created when a transaction takes place and creates another output that belongs to your address. Ethereum s account model is far more intuitive than bitcoin s utxo model. Level 1 comment deleted by user 1 year ago more than 2 children.
It s the only crypto apart from btc that matters. Eth is an actual improvement on bitcoin with the most talented developers and contributors and thousands of other minor teams working on it to create 2nd layer value creating tools and currencies. However ethereum s value is not tied to its usefulness as a currency but rather as a gateway to interacting with the ethereum ecosystem.
A fixed supply easily transferable digital good see ebitcoin or the dozen copycats.
Bitcoin vs ethereum reddit. Ethereum looks like bitcoin 2 and has plenty of jargon that sounds great. Price is rising quick buy in on the smart next big thing. 1 bitcoin costs 2000 and 1 eth costs 100 so the eth is cheaper and younger and more amazing looking. Bitcoin is not quantum super computer resistant because its hashrate is easily replicated with asics.
Ethereum algorithm is memory intensive and is asic proof thus raw hashrate doesn t dictate the economical security. You will need to calculate cost per hash to equipment cost to argue your point. Bitcoin isn t trying to answer the question of how to bring a platform up at scale. Unlike the other commenter i don t have a negative comment on the article overall but i think this is worthy of critique.
Everyone s very sure that bitcoin has a problem with scaling and apparently ethereum is better. Ethereum is a whole other beast and people are still just focused on it as a currency store of value. It is trivial to simulate the primary aspect of bitcoin on ethereum i e.
It is trivial to simulate the primary aspect of bitcoin on ethereum i e. Ethereum is a whole other beast and people are still just focused on it as a currency store of value. Everyone s very sure that bitcoin has a problem with scaling and apparently ethereum is better.
Unlike the other commenter i don t have a negative comment on the article overall but i think this is worthy of critique. Bitcoin isn t trying to answer the question of how to bring a platform up at scale. You will need to calculate cost per hash to equipment cost to argue your point.
Ethereum algorithm is memory intensive and is asic proof thus raw hashrate doesn t dictate the economical security. Bitcoin is not quantum super computer resistant because its hashrate is easily replicated with asics. 1 bitcoin costs 2000 and 1 eth costs 100 so the eth is cheaper and younger and more amazing looking.
Price is rising quick buy in on the smart next big thing. Ethereum looks like bitcoin 2 and has plenty of jargon that sounds great.
