Ethereum vs Bitcoin : Which is Better?
Ethereum
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Developed by Vitalik Buterin
License: Free
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Ethereum VS Bitcoin
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.
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
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
Compare Ethereum
