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Bitcoin vs Ethereum: Overview

Ether (ETH), the native cryptocurrency of the Ethereum network, is the second most popular digital currency after Bitcoin (BTC). Given that it is the second largest cryptocurrency by market cap, comparing the two is natural.

1

Ether and Bitcoin are similar in many ways: both are digital currencies traded on online exchanges and stored in various types of cryptocurrency wallets.

2

However, there are many fundamental differences. Bitcoin was designed to provide an alternative to physical or paper currencies; while Ethereum was designed for complex smart contracts and decentralized applications, which are believed to be part of the emerging (and theoretical) infrastructure for the future of the internet known as Web3.

Key Points

Bitcoin signaled the emergence of a brand new form of digital money that operates outside the control of any government or corporation.

Over time, people began to realize that one of the key innovations behind Bitcoin - blockchain - could be used for other purposes.

Ethereum uses blockchain technology to maintain a decentralized payment network and aims to become the foundation for Web 3, the infrastructure being built to achieve decentralization on the internet.

Bitcoin

Bitcoin was launched in January 2009

mysterious $BTC

$$ETH