ETHEREUM AND BITCOIN CURRENCY DIFFERENCES
Ethereum and Bitcoin share many similarities. In this article, we will try to highlight the most fundamental differences between the two.
The biggest difference is the main purpose of this project.
- BITCOIN ==> Bitcoin aims to be a medium of wealth storage, digital gold, and ultimately a globally adopted currency that can repair or replace conventional money to some extent.
- ETHEREUM ==> Ethereum's goal is to be a platform that smart contracts and decentralized applications can use.
Another important difference is the amount. The amount of Bitcoin is limited to 21 million, but the number of Ethereum is not limited to a certain amount. Bitcoin and Ethereum are produced in a process called mining.
There are some technical differences in technologies that support the Bitcoin and Ethereum platforms, but in the early stages of this project, they are more or less the same. As these projects will grow, the differences may become much more tangible and can influence the direction of their own goals.
Bitcoin is one of the most popular virtual currencies in the world. Because Bitcoin has the fastest and highest price movements than others. Today, Wednesday (29/11/2017) based bitcoin.com the price of one chip bitcoin already translucent US $ 10,438 or equivalent to Rp 140,9 million (exchange rate Rp 13,500).
Among these are Ethereum who occupies the second position in the ranks of virtual currency. The value per chip was recorded at US $ 486.8, or around Rp 6.5 million. As a virtual currency bitcoin and ethereum both use the Ethereum block chain has a function like a virtual machine that can run crypto money Ether.