#BTCvsETH Bitcoin vs. Ethereum: An Overview

Ether and bitcoin are similar in many ways: each is a digital currency traded through online exchange platforms and stored in various types of cryptocurrency wallets. However, there are many significant differences.

Bitcoin is designed to provide an alternative to physical or fiat currencies. Ethereum is intended for complex smart contracts and decentralized applications, which are believed to be part of the emerging and theoretical infrastructure of the future of the internet, known as Web3.

Bitcoin marked the emergence of a radically new form of digital money that operates outside the control of any government or corporation.

People began to realize that one of the underlying innovations of Bitcoin, the blockchain, could be used for other purposes.

Ethereum uses blockchain technology to maintain a decentralized payment network and aims to become the foundation of Web3, the infrastructure being built to decentralize the internet.