Hello, cryptocurrency newcomers! Have you often heard of the two giants, Bitcoin and Ethereum, but can't quite understand their differences? As we celebrate Ethereum's tenth anniversary, Onchain View is here to analyze their unique features and future potential!

Bitcoin and Ethereum are both applications of blockchain technology, but their 'missions' are very different.

Bitcoin: The embodiment of digital gold

Bitcoin is the first decentralized cryptocurrency, founded by Satoshi Nakamoto. Its primary goal is to become a form of digital gold or a value storage tool independent of governments and banks.

💡 Decentralized: There is no central authority controlling it; all participants maintain the network together, making the system more transparent and secure.

Ethereum: The blockchain computer for smart contracts

Ethereum was founded by Vitalik Buterin. It is not just a cryptocurrency but also a blockchain platform. The biggest feature of Ethereum is its support for smart contracts.

💡 Smart Contract: A piece of code that automatically executes an agreement when specific conditions are met, much like a digital vending machine that requires no third-party intervention.

This enables Ethereum to build various decentralized applications (DApps), such as DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), and the Metaverse, among others, with a very wide range of applications.

Who has a brighter future?

  • Bitcoin: As 'digital gold', it has strong advantages in value storage and inflation resistance.

  • Ethereum: With smart contracts and a rich ecosystem, it is leading the innovation of Web3, making blockchain applications have limitless possibilities.

Both have their strengths and are not in competition; rather, they complement each other. Bitcoin laid the foundation for blockchain, while Ethereum has created more application possibilities on that foundation. They continue to develop in their respective fields, jointly pushing the progress of the cryptocurrency world!

Which one do you find more appealing, Bitcoin or Ethereum? Share your thoughts in the comments section or forward this to your friends to discuss together!
$BTC #以太坊十周年 #以太坊ETF