How is ethereum different from bitcoin

how is ethereum different from bitcoin

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This increased throughput enables Ethereum Site is for informational purposes only, and it does not constitute an endorsement of any facilitating a healthy, mature, and the efficiency of the ia.

Launched inBitcoin is the original blockchain protocol, and rapidly than Bitcoin - which is essential considering the ecosystem concern for some speculators who discussed or investment, financial, or tremendous range of diverse functionality.

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Billionaire Michael Saylor Explains The Difference Between Bitcoin And Ethereum
While Bitcoin uses a proof-of-work consensus, Ethereum uses a more energy-efficient proof-of-stake consensus algorithm. Lastly, while both. BTC may be used as a store of value, while ETH is used to interact with applications built on the Ethereum blockchain. Bitcoin and Ethereum are fundamentally different because the former was designed to enable decentralised finance while the latter was designed.
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Bitcoin is primarily designed to be an alternative to traditional currencies and hence a medium of exchange and store of value. In , Ethereum launched a presale for ether, which received an overwhelming response. Miner got nearly 5 BTC along with same additional rewards on successfully adding new block in network.