#BTCvsETH
Bitcoin (BTC) and Ethereum (ETH) are the two biggest players in the crypto world. Here's how they stack up:
- *Purpose*:
- *Bitcoin*: Often called "digital gold," BTC is mainly for storing value and payments.
- *Ethereum*: ETH powers decentralized apps (dApps), smart contracts, DeFi, and NFTs.
- *Consensus Mechanism*:
- *Bitcoin*: Uses Proof-of-Work (PoW).
- *Ethereum*: Switched to Proof-of-Stake (PoS) in 2022, reducing energy use by 99%.
- *Transaction Speed*:
- *Bitcoin*: ~7 transactions per second (TPS).
- *Ethereum*: ~30 TPS with Layer-2 solutions.
- *Use Cases*:
- *Bitcoin*: Payments, investments, store of value.
- *Ethereum*: DeFi, NFTs, Web3, smart contracts .
Current Market Dynamics
- The BTC to ETH conversion rate is around 1 BTC = 31.04 ETH.
- In the last 24 hours, the BTC/ETH rate shrunk by 2.19%.
- Ethereum has seen significant growth potential due to its role in DeFi and NFTs .
Would you like me to look into more details about BTC, ETH, or provide updates on their price movements?
