Difference between Bitcoin and Ethereum

A few years ago, with the rise of all virtual businesses (especially purchases) and the development of new technologies that allowed a greater expansion of the market, virtual currencies emerged; which have been acquiring more value over time.  Difference between Bitcoin and Ethereum

There are different virtual currencies today, but Bitcoin and Ethereum are undoubtedly among the most recognized and valued; which is why it is important that potential new investors are aware of their similarities and also their differences.

If you have doubts about the difference between Ethereum and Bitcoin or are simply looking for a little more information to complement what you already know, then continue reading, because below we explain everything you need to know about to this interesting topic.

BITCOIN (BTC)  Difference between Bitcoin and Ethereum

Bitcoin is the first virtual currency. It had its origin about seven years ago when a mysterious Satoshi Nakamoto decided to create it.

It soon became popular because it promised much lower transaction taxes than traditional online payment mechanisms and was operated by a decentralized authority, unlike government currency. Bitcoins do not exist in “the real world”, that is, physically, they consist of balances associated with public and private accounts.

In recent years, acceptance of the virtual currency concept has been increasing among regulatory agencies and government bodies. Although still not formally recognized as a form of payment in many places, Bitcoin has managed to create a niche to support itself and coexist in the financial system.

ETHEREUM (ETH)

On the other hand, Ethereum has been receiving a lot of attention since it was announced at the North American Bitcoin Conference in early 2014.

This currency was developed by Vitalik Buterin and the natural consequence of its increasing popularity has been the constant comparisons with Bitcoin. However, Ethereum is the largest and best-established decentralized software platform that manages to work at any time, without fraud and without the control and interference of third parties.

Ethereum is not just a platform, it is also a programming language, which helps developers to create and publish distribution applications in an easier way.

Finally, within the Ethereum platform, the cryptographic token, Ether, has been launched; which is used for two main purposes: as a digital currency that is exchanged for other cryptocurrencies and to run applications within Ethereum and even monetize jobs.

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