#BTCvsETH Let's dive into the differences between Bitcoin (BTC) and Ethereum (ETH).
*Key Differences*
- *Purpose*: Bitcoin is primarily used as a digital store of value or "digital gold," while Ethereum is a decentralized platform for building and executing smart contracts and decentralized applications (dApps).
- *Consensus Mechanism*: Bitcoin uses Proof of Work (PoW), whereas Ethereum uses Proof of Stake (PoS), which is more energy-efficient and allows for faster transactions.
- *Transaction Speed*: Bitcoin processes about 5-7 transactions per second, while Ethereum handles around 30 transactions per second