Bitcoin and ethereum are the two biggest giants of the crypto currency world .

So I decided to describe both into parts

In first part.

1. Cryptocurrency
2. accounts
3. smart contract

In second part

1. transactions
   

2. consensus
   

3. mining
   

bitcoin was the first coin and a theory am followed a few years later hello all here I am Muskan from a new steemit member and today we are here to compare these two popular platforms.

so without telling any further let’s discuss the agenda of today’s session so here what’s we will learn today I’ll be comparing the bitcoin ethereum based on the sex para metres starting with cryptocurrency that accounts then I’ll see how both the coins differ on the base of a smart contracts following it will be the transaction the fifth will be the consensus and while we will see how both the points to phone the base of mining all right so let’s start now

When everyone has access to global market great idea flourish that’s the ideology of body starts from which is by both of open source digital currencies know what makes it a Ramana bitcoin similar just like bitcoins am also as a digital currency which is named as Quito and both these valuable crypto currencies used a proof of work mining know even though both blocked and implementation they serve different purposes and that is why they start obvious difference between the two of them before we undertake analysis of these to crypto currencies and platform let me give you a quick introduction of bitcoin and a theory am

so let’s talk about bitcoins first
So what is bitcoin bitcoin can be quickly described as additional money it is a decentralised global currency issued by a court store across the globe the quick introduction for bitcoin regarding the coding aspect is that everyone can download a computer program which stores or transaction in a chain of blocks coal block chain obviously on which it can validate that you are the owner of the bitcoin while ensuring that you can spend

it only once moving on ahead so what is the ethereum computer for developing be centralised application just like bitcoins all the para metres the price for Ethereum to put on top of that ETA also has a smart contract making the currency aspect as just one application because Ethereum can run programs like any ordinary computer or a global scale just like bitcoin it has a software which you can download the software does all the usual verification regarding material it also verifies the Chukko wherever applicable find Sir John it down and we define as a decent life platform for programming additional money okay so this was a brief introduction of the Ramana bitcoin so

Cryptocurrency

Let’s start with the first comparison to the first parameter being the cryptocurrency if you compare the coins based on purpose you will see that bitcoin has created after the 2008 financial crisis with a vision to remove the dependencies on third-party is to facilitate the transaction and hence As intermediation on the other hearts of two main purposes firstly it is a crypto currency that is used to run the state machine of India so you see it as a fuel that is used to pay for every single computational step invention of the theorem makes it expensive to use too much of locked in computers capacity even as the fuel you need to run smart contracts if considering an analogy F bitcoin was additionally golden ETA is a disloyal apart from that it is also keen on exchange just like any other crypto currencies out there in the market

the accounts

so next will compare the two based on the accounts so let’s see a case of bitcoin would be to win a case of accounts because does not have a distinct account but it maintains a letter of a spy and transaction output or simply said maintains the state of where the coins are flowing on the other hand it maintains proper accounts accounts play a central role in a theory am yeah basically two types of accounts and ATM first being extremely old account the US and the second being a contact account account of balance and contracts up both balance and contract storage the state of all account as a state of the ATM network which is updated with every blog on which the network really needs to reach a consensus above account is a sensual for users to interact with ATM block chain by transactions council present identities of external agents example human personas mining know it’s an automated agents account use public key crypto Graffi to sign transaction so that EVM can securely validate the identity of the transaction sender externally owned account Don’t maintain the state of the balance and has either balance can’t send transaction and it is controlled by private keys find next to the Contract account it maintains the state of balance and storage also has ETA and associated code code execution is triggered by transactions or messages received from other contacts now since we are the smart contract let’s differentiate two points on the basis of smart contract functionality so

smart cotract

I thought permit of comparison a smart contract while bitcoin bitcoin has a built-in scripting language it’s very limited and functionality and with only a few dozen operations theorem has a full general-purpose language integrated and no one in computer speak a student complete program is written in this language known as smart contracts Naidu asked what is smart contract are the smart contracts a predetermined logic stored and fabricated on block chain which is executed by network of computer and can result in block chain updates of lead when it comes to programming on a platform has a potential to help notoriously difficult industry so much in the case of investment where you are selling and buying of stock is done for you but coded self also in the case of insurance where you can automatically trigger the claim whenever the event occurs another important application of smart contracts could be in the supply chain management and even the fund-raising path yeah fundraising could be made easier with smart contracts rather than being limited to a specific set of Transactions type user will be able Dil to use Ethereum as a sort of league of crypto finance that is to say when will be able to implement any feature that one desires simply by Ethereum language that is why people believe that it is potentially more you creative than bitcoin

Now let’s move ahead and compare bitcoin and ATM on a piece of transaction as a key attribute in the next part

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