Bitcoin vs. Ethereum are both well-known cryptocurrencies, but they differ in many ways. Both cryptocurrencies have different founding years, goals, and technologies that set them apart.
Bitcoin was founded in 2009 and is the first cryptocurrency ever developed. It was the first time a cryptocurrency was used to enable the exchange of value without the involvement of governments or financial institutions. The maximum number of coins that will ever be in circulation is capped at 21 million. The block time, which is the time it takes to create a block in the Bitcoin blockchain, is 10 minutes.
Ethereum, on the other hand, was founded in 2015 and has a different goal than Bitcoin. It is not just a cryptocurrency but also a platform for decentralized applications (Dapps). With Ethereum, developers can create and run decentralized applications on the Ethereum blockchain. There is no fixed cap on the maximum number of coins that will be in circulation. The block time is 15 seconds, which means Ethereum is faster than Bitcoin in terms of transaction confirmation.
When it comes to transaction speed, Ethereum can process up to 15 transactions per second, while Bitcoin can only process up to 7 transactions per second. This is one of the reasons why Ethereum is considered a better platform for decentralized applications, as it has a higher transaction capacity.
In summary, Bitcoin and Ethereum have different goals and technologies. Bitcoin is a cryptocurrency developed to enable the exchange of value, while Ethereum is a platform where decentralized applications can be created and run. Both have their pros and cons, and it depends on what requirements you have.
Bitcoin vs. Ethereum Comparison Table
| Attribute | Bitcoin | Ethereum |
|---|---|---|
| Founding Year | 2009 | 2015 |
| Maximum Number of Coins | 21 million | No fixed cap |
| Block Time | 10 minutes | 15 seconds |
| Transaction Speed | Up to 7 transactions per second | Up to 15 transactions per second |
| Main Purpose | Cryptocurrency for value exchange | Cryptocurrency and platform for decentralized applications (Dapps) |
| Link | Buy and get $10 in Bitcoin without deposit | Buy and get $10 in Bitcoin without deposit |
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