$ETH Like Bitcoin, Ethereum is a public blockchain network, but there are several significant differences between them. Bitcoin and Ethereum pursue different goals and have different throughput. While Bitcoin provides one specific application of blockchain technology—a single-tier electronic system that enables online payments, Ethereum is focused on executing code for any decentralized application.

Transaction fees on the Ethereum network depend on computational complexity, network congestion, and storage needs, unlike the Bitcoin network, where the primary criterion is the size of the transaction in bytes.