Bitcoin and Ethereum are the giants of the crypto world, with Bitcoin being the first and most famous cryptocurrency, introduced in 2009. Both use blockchain technology and are decentralized, but they serve different purposes. Bitcoin was created as an alternative to traditional currencies, operating independently from banks and governments. It's a digital form of currency where transactions are secured and recorded on a public ledger. Ethereum, launched in 2015, goes beyond being just a cryptocurrency. It's a platform for developing decentralized applications (dApps) and smart contracts, with its own programming language. Ethereum's blockchain technology allows for more than just transactions; it enables the creation and operation of applications without downtime, fraud, or interference. Ether, its cryptocurrency, is used both as a digital currency and to run applications on the Ethereum network. While Bitcoin aims to replace traditional currencies and acts as a store of value ('digital gold'), Ethereum facilitates and monetizes the operation of dApps and smart contracts ('digital silver'). Bitcoin has a capped supply, making it scarce, whereas Ethereum's supply is more flexible. The choice between investing in Bitcoin or Ethereum depends on one's risk tolerance and investment goals, as both come with high volatility and potential for growth.
  • Articles
  • Understanding Bitcoin and Ethereum: A Beginner's Guide
1 / 3

Understanding Bitcoin and Ethereum: A Beginner's Guide

Bitcoin and Ethereum are the giants of the crypto world, with Bitcoin being the first and most famous cryptocurrency, introduced in 2009. Both use blockchain technology and are decentralized, but they serve different purposes. Bitcoin was created as an alternative to traditional currencies, operating independently from banks and governments. It's a digital form of currency where transactions are secured and recorded on a public ledger.

Back
FAQAbout PeraWise
Privacy PolicyTerms of Service