What is Ethereum?

Ethereum is a blockchain-based distributed platform. The network currency of Ethereum is known as Ether (ETH). Here also, the transactions are stored in an immutable distributed ledger. 

  • Ethereum is designed to be scalable, decentralized, and programmable.
  • It provides a flexible platform to build applications using the solidity scripting language.
  • Transactions are sent and received in user-created Ethereum accounts.
  • It is a blockchain-based platform With the cryptocurrency Ether(ETH).

Difference Between Bitcoin and Ethereum

Bitcoin is a digital currency that can be transferred on a peer-to-peer (P2P) network without the need for any central authority. It was invented by a person or group of people with the name Satoshi Nakamoto in 2008. All the transactions are stored in an immutable distributed ledger. 

  • Bitcoin is created, stored, transacted, and distributed using a decentralized, distributed system known as Blockchain.
  • A public ledger records all the transactions of the Bitcoin and copies are retained on all the servers around the world.
  • It is not necessary to buy an entire bitcoin, one can buy only a fraction of it if that is all necessary.
  • BTC is the abbreviation for Bitcoin.

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What is Ethereum?

Ethereum is a blockchain-based distributed platform. The network currency of Ethereum is known as Ether (ETH). Here also, the transactions are stored in an immutable distributed ledger....

Bitcoin vs Ethereum

Bitcoin and Ethereum have many similarities but there are some long-term different visions and limitations that make them two different blockchain networks that have their pros and cons and are suitable for varying user requirements. Below are some of the differences between Bitcoin and Ethereum:...

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