#BTCvsETH
Let's have a short comparison of BTC and ETH
Key Differences:
Purpose:
- Bitcoin (BTC): Primarily used as a digital store of value and for transactions.
- Ethereum (ETH): Used for smart contracts, decentralised applications (dApps), and decentralised finance (DeFi).
- Consensus Algorithm:
- Bitcoin (BTC): Proof of Work (PoW)
- Ethereum (ETH): Proof of Stake (PoS)
- Energy Consumption:
- Bitcoin (BTC): High energy consumption due to PoW
- Ethereum (ETH): Lower energy consumption due to PoS
- Transaction Speed:
- Bitcoin (BTC): 10 minutes per block
- Ethereum (ETH): Faster transaction times, with an average block time of around 5-10 seconds
Growth and Adoption:
- Ethereum has seen significant growth in its ecosystem, with a 14% increase in wallet addresses with over 1 ETH in 2025.
- Bitcoin has a stronger brand and wider acceptance, but Ethereum's ecosystem is growing rapidly, with more developers and users joining the platform.
