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Understanding the Difference Between Bitcoin and Ethereum
Asked 15 Nov 2024 15:46:41
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15 Nov 2024 15:46:41 Vla Che posted:
With so many cryptocurrencies out there, it can get really confusing to understand what sets Bitcoin apart from Ethereum. Are they the same thing, or are there specific factors that distinguish them, especially in terms of their use cases and underlying technologies? Replies
Replied 18 Nov 2024 22:45:39
18 Nov 2024 22:45:39 Aya Ch replied:
While both Bitcoin and Ethereum are decentralized cryptocurrencies built on blockchain technology, their purposes and functionalities are quite different. Bitcoin was created primarily as a digital currency, focusing on secure peer-to-peer transactions without intermediaries. Ethereum, on the other hand, goes beyond being just a cryptocurrency—its blockchain supports smart contracts, enabling decentralized applications (dApps) and the creation of new digital assets. For a deeper look into how these two differ, you can check out this article https://supplychaingamechanger.com/whats-the-difference-between-ethereum-and-bitcoin-eth-and-btc/ . This comparison highlights the unique features of each, such as Ethereum's ability to support programmable transactions and Bitcoin's role as a store of value. Both are pivotal in the evolving landscape of digital currencies.
Replied 27 Nov 2024 11:50:27
27 Nov 2024 11:50:27 User replied:
It’s interesting how the blockchain technology behind these cryptocurrencies has found applications beyond just currency—like in supply chain management, where it helps ensure transparency and track goods in real-time.