Differences Ethereum and Bitcoin . basically almost similar to Bitcoin . Equally as a cryptocurrency decentralized using peer-to - peer . And the creation of new digital coins also be done through mining
However , in Ethereum there are some basic things that distinguish it from Bitcoin more we saw earlier . Here are some differences Ethereum and Bitcoin :
Ethereum Bitcoin
Creation Blocks average 1 block in 12 Seconds average 1 block in 10 Minutes
Economic Block Reward 5 Ethereum. Total block reward will remain in each year. Because blocks can be created in a faster time (12 seconds) then there will be a high inflation rate in the first few years. But will undergo further deflation. Reward block can remain in Ether because it still has 15.6 million units that can be removed from the marginal increase money supply. Block Reward divided half reached 210.00 each block within a period of 4 years.
Reward Bitcoin block will expire in 2140.
Transaction Fee Depending on the computing power of each client. Including bandwidth, and storage space is required in one block. It is called the Ethereum GAS. not distinguished
Coding Using Turing complete code. So there could be an opportunity to send the script to "loop" is not unlimited. On the basis of computing power and time required. Not using a Turing Complete Code. More details about Turing Complet:
How it Works Bitcoin - Bitcoin Script
Established establishment of crowdfunding. The first fundraising was conducted in mid 2014. The amount is approximately 60 million ETH (60,102,216 ETH). Ether Ether Unit released 1000-2000 per BTC.
Later, from 9.9% the result will be allocated to Ethereum Foundation in compensation for early contributors.
Some 9.9% is used as a long-term backup. The total number of coins before it was released there were 72 million.
Ether currency will be released per year after Genesis block reached 26% at the stage of initial funding, which amounted to 60 million ETH.
Later, the number of coins are released per year will be constant as many as 15.6 million units Ether. In five years, is expected in July 2020, new miners will reach 50% of which have been mined.
Bitcoin released from the first, without any crowdfunding.
Centralized resistance Ethereum could avoid their centralized pool of mining for running Ghost Protocol, and the consensus algorithm Ethereum Proof of work that can be resistant to mining ASIC. So that the miners would be more competitive in the mining equipment it uses. In the Ethereum, the algorithm used is called Ethash. Have constraints and there is potential for mining centralization if managed to dominate mining mining pool. Moreover, the mining Bitcoin mining has been dominated by the ASIC. So the diversity and competitive Bitcoin mining is becoming less diverse.
Mining can be done with the device CPU and GPU. Resistant to ASIC. Mining CPU and GPU can still be done, but now more dominated by mining ASIC.
Block Orphan Orphan blocks in Ethereum called by Uncle. If the miners when they found the block managed to find the uncle, it will receive an additional reward. Called the orphan block. No effect in the block reward.
Well, now we are more or less able to find out some differences Ethereum and Bitcoin.
