Ether vs Bitcoin
Below is the difference between Ethereum and Bitcoin:
Ether (ETH) |
Bitcoin (BTC) |
|
---|---|---|
Purpose |
Fuel for the Ethereum network |
Digital currency/store of value |
Blockchain |
Ethereum |
Bitcoin |
Functionality |
Executes smart contracts |
Enables peer-to-peer transactions |
Supply |
Uncapped supply |
Capped supply of 21 million |
Consensus Mechanism |
Transitioning to Proof of Stake (PoS) |
Proof of Work (PoW) |
Transaction Speed |
Faster |
Slower |
Use Cases |
DApps, DeFi, Tokenization |
Store of value, transactions |
What is Ether?
The article focuses on discussing the Ether cryptocurrency on the Ethereum Blockchain Network.