#TradingTypes101Ethereum is a decentralized software platform launched in 2015 by the young Canadian-Russian “Vitalik Buterin”. It is not just a digital currency, but a comprehensive system that enables developers to build smart applications (Smart Contracts) that operate automatically without human intervention.
Features of Ethereum:
• Smart contracts: Transactions and agreements can be executed automatically and reliably.
• Support for decentralized applications (DApps): Ethereum is the backbone of many applications such as gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs).
• More flexibility than Bitcoin: It can be programmed in more complex ways.
The difference between BTC and ETH
Aspect Bitcoin (BTC) Ethereum (ETH)
The goal An alternative digital currency to cash A platform for creating applications and smart contracts
Speed Slower in transactions Relatively faster
Supply Only 21 million Unlimited, but subject to inflation-reduction mechanisms
Programming Limited and low customization Flexible and highly programmable
Fame The most famous and widespread The second most famous digital currency
The future of BTC and ETH
• Bitcoin is expected to continue as a means of value preservation and a safe haven during times of economic instability.
• Ethereum is expected to be the cornerstone in building the new decentralized internet, especially after its upgrade to Ethereum 2.0, which improves performance and reduces energy consumption.
Summary
Both BTC and ETH play a fundamental role in the world of digital currencies. The former is a symbol of trust in the digital financial system, while the latter is a driver of innovation and decentralized technology. Choosing the best between them depends on the user's goal: Are you looking for a long-term investment? Or to enter the world of smart applications and NFTs?
