In the cryptocurrency sphere, there is an ongoing battle: Ethereum VS Bitcoin. Despite the similarities in these digital currencies, there are fundamental differences. So let’s dig in.
BTC VS BTC: difference between them
If we compare these digital currencies, we can see that Bitcoin uses Blockchain to track ownership of the digital currency, making it an effective digital cash system between two users. Ethereum followed in the footsteps of the technology previously used by Bitcoin and greatly improved its capabilities. Ether aims to be a payment method for the Ethereum network. Its main purpose is to facilitate the operating of ‘smart contracts’ without any possibility of downtime, fraud, or third party interference.
The maximum limit for Bitcoin is 21 million BTC, which will be reached soon, while the supply of Ether is infinite.
And that’s not all. Check out key differences between BTC and ETH below.
|Bitcoin (BTC)||Ethereum (ETH)|
|Market capitalization||$168 535 109 484||$25 135 082 650|
|Average block time||10 minutes||10-19 seconds|
|All time high||$20 089,00 USD||$1 432,88 USD|
|Circulating supply||18 417 475 BTC||111 542 102 ETH|
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