Ethereum vs Bitcoin for Dummies (big dummies)

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Ok...let's get something straight.

  • Ethereum is not Bitcoin.

  • Ethereum is a blockchain, Bitcoin is an application.

  • If Bitcoin is like email, Ethereum is like the internet.

  • Ethereum has more tokens in circulation, so the price difference doesn't matter. Look at market cap (tokens*price).

  • The "flippening" means Ethereum's market cap goes beyond Bitcoin's market cap.

  • Market caps (on June 13): Bitcoin = $44.5B, Ethereum =$36.9B

  • Bitcoin is way slower than Ethereum. It takes way too long to send/receive BTC.

  • Bitcoin is based on Proof of Work, which is arguably worse than Proof of Stake.

  • Ethereum is switching over to Proof of Stake very soon.

  • Bitcoin's founder is....ummm...welll...errrr...we don't know.

  • Ethereum's founder is a fucking genius.

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Ethereum vs Bitcoin for Dummies (big dummies) | Ecency