The ETH/BTC pair represents the relationship between the price of Ethereum (ETHUSD) and the price of Bitcoin (BTCUSD).
Bitcoin and Ethereum are the giants of the cryptocurrency market, ranked as the first and second most important cryptocurrencies by market capitalization. Differences and similarities between ETH and BTC
Ethereum and Bitcoin are similar in that they are cryptocurrencies but serve different purposes.
The main uses of Bitcoin are as a store of value and a medium of exchange. Ethereum, on the other hand, is a platform for innovation rather than just money, as it has expanded the potential applications of blockchain technology by adding smart contracts.
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Although both are based on blockchain, Ethereum operates on a different consensus mechanism (Proof of Stake) compared to Bitcoin's Proof of Work, which affects transaction speed and energy consumption.
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