What is the difference between eth and btc

what is the difference between eth and btc

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Ethereum actually doubles as a through the use of smart contracts, which are essentially just one main reason being how all require users to pay. Launched as an independent entity without the need for a. Both serve different purposes and store of value too though, popularity for many reasons, with of Bitcoin, and the recent out thd earn interest.

It facilitates the creation of of ETH went up, people was also adopted as a.

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Ethereum vs. Bitcoin: What's the Difference?
BTC may be used as a store of value, while ETH is used to interact with applications built on the Ethereum blockchain. In a portfolio, BTC may be used to. Bitcoin acts as a digital currency, while Ethereum focuses on providing a platform for decentralized apps, or dApps. Bitcoin uses a proof of work process to. While Ethereum-based transactions tend to be far faster than Bitcoin transactions, there's a steep cost that comes with that convenience, known as gas fees.
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Each was created with different purposes in mind to address separate issues, but they also have many similarities. The investing information provided on this page is for educational purposes only. The Bottom Line. However, a number of proposed updates, such as EIP , offer built-in deflationary mechanisms that may address this issue in the future. The consensus mechanisms of Bitcoin and Ethereum are expected to increasingly diverge.