Bitcoin Vs Ethereum
While both Bitcoin and Ethereum are powered by the principle of distributed ledgers and cryptography, the two differ in many technical ways. For example, the programming language used by Ethereum is Turning complete whereas Bitcoin is in a stack based language.
However, from a general point of view, Bitcoin and Ethereum differ in purpose. While Bitcoin is created as an alternative to regular money and is thus a medium of payment transaction and store of value, Ethereum is developed as a platform which facilitates peer-to-peer contracts and applications via its own currency vehicle. While Bitcoin and Ether are both digital currencies, the primary purpose of Ether is not to establish itself as a payment alternative (unlike Bitcoin) but to facilitate and monetize the working of Ethereum to enable developers to build and run distributed applications
Many compare Bitcoin to Ethereum, and although the technology is similar, the goal of each is very different. Bitcoin has proved itself a popular cryptocurrency, but Ethereum is close on its heels (the number two cryptocurrency in the world) and has a much different functionality.
Ethereum provides the ability not only to transact through blockchain technology, but also to create and execute contracts and even generate funding for new projects or startups. But in the end, it’s all about meeting a user’s needs, and those needs will continue to evolve and change in the future, and the technology that changes with those needs will rise to the top.
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