 It depends on how do you compare them and what do you want to use them for. Ethereum is better than Bitcoin and Bitcoin is better than Ethereum at the same time. They’ve made several completely different design choices and as with every choice it opens some oportunities and closes dosens of others. I would highlight a couple of main differences: Purpose Bitcoin is a currency Ethereum is a platform for running decentralized apps (aka smart contracts) Supply Bitcoin is deflational The overall amount of BTC ever produced is limited Ethereum is inflational The ETH supply in unlimited Security Bitcoin is simple and limited The built-in language is stask-based and stateless That’s why you can not express a loop and it’s not Turing-complete (this means, that there are some programs, that are impossible to write) Ethereum has a rich programming language built-in The built-in language is Turing-complete (this means that you can code anything you want) More complexity implies more opportunities to make an error Adoption Bitcoin has a first move advantage My mom knows what Bitcoin is The community is a lot bigger It’s easier to get started There are already a lot of places where you can pay with BTC Ethereum is less known and younger It uses “move fast and break things” motto It learned from Bitcoin and fixed a couple of issues in it’s design The community is smaller and therefore has more developers than speculators To sum up: They’re not competitors They coexist and solve different types of problems
| author | ramchik |
|---|---|
| permlink | ethereum-or-bitcoin |
| category | bitcoin |
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Bitcoin is the one. It will always be the gem, the most precious one. Great for an investition. On the other hand, Ethereum has two years of prosperity. It is the useful, the one that is ready to serve the general public's needs. But Steem rises. And is on its way to became the currency of future. It is even more useful and handy then Ethereum. Plus it is social. Invest into Steem if you can.
| author | godfish |
|---|---|
| permlink | re-ramchik-ethereum-or-bitcoin-20170630t214511079z |
| category | bitcoin |
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