What is the Difference Between Bitcoin and Ethereum?

About Bitcoin (BTC)

Bitcoin is the world’s first and most popular decentralized digital currency, launched in early 2009. Over the past decade it has proven to be the most successful attempt to create virtual money using cryptography — the science of protecting information through codes (that’s why it’s called a cryptocurrency).

About Ethereum (ETH)

Ethereum/Ether/ETH (this will make more sense in a minute) was designed to be more flexible than Bitcoin, and to go well beyond its purpose. “Ethereum is a global, open-source platform for decentralized applications,” states Ethereum.org. “On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world.”

Blockchain Mining

Bitcoin is mined on the Bitcoin blockchain, and Ether is mined on the Ethereum blockchain. So, the blockchain is Ethereum, and the currency is Ether. With Bitcoin, both the blockchain and the currency are Bitcoin (although, well, technically, bitcoin the currency is usually spelled with a lowercase b, whereas Bitcoin the network usually has an uppercase B.)

Smart Contracts

The biggest difference between Bitcoin and Ethereum is that Ethereum is a programmable blockchain, used to run smart contracts. A lot of other digital currencies (like stablecoins) and hundreds of decentralized apps (DApps) are built on Ethereum. In fact, it’s by far the largest and most popular smart contract blockchain. Others include Tron and Loom.



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