Bitcoin vs Ethereum : Which is Better?

Bitcoin icon

Bitcoin

Bitcoin is both a cryptocurrency and an electronic payment system. Developed by Satoshi Nakamoto

License: Open Source

Categories: Business & Commerce Development File Sharing

Apps available for Mac OS X Windows Linux BSD Ruby

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Ethereum icon

Ethereum

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Developed by Vitalik Buterin

License: Free

Apps available for Online

Bitcoin VS Ethereum

Bitcoin is primarily a digital currency designed for peer-to-peer transactions with a focus on security and scarcity, while Ethereum is a versatile platform enabling decentralized applications and smart contracts, making it more adaptable to various use cases.

Bitcoin

Pros:

Decentralized currency
Limited supply (21 million coins)
High security due to strong hash rate
Widely accepted and recognized
Strong network effect

Cons:

Scalability issues
High transaction fees during peak times
Energy-intensive mining process

Ethereum

Pros:

Smart contract functionality
Active development community
Wide range of decentralized applications (dApps)
Faster transaction times compared to Bitcoin
Transitioning to proof-of-stake for energy efficiency

Cons:

Less secure than Bitcoin due to lower hash rate
Potential for high gas fees
Smart contracts can have vulnerabilities

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