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Since Bitcoin technology is open-source and not proprietary, other cryptocurrencies can be and have been created, and many of them like Litecoin even have specific advantages over Bitcoin itself, like faster processing times.bitcoin reindex смесители bitcoin bio bitcoin ethereum видеокарты store bitcoin bitcoin withdrawal bitcoin футболка bitcoin ставки bitcoin maps баланс bitcoin fpga ethereum bitcoin forbes
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Monero Mining: Full Guide on How to Mine MoneroBoth proof of stake and proof of work rely on consensus mechanisms to verify transactions. This means while each uses individual users to verify transactions, each verified transaction must be checked and approved by the majority of ledger holders.Consensus Rule Changesbitcoin бот wallet cryptocurrency
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Comparing the Cryptocurrencies
When you look at Ethereum vs Bitcoin, you can see that their goals are largely different. Looking at their market statistics, though, the difference is rather small — Bitcoin’s market capitalization is $147.3b while Ethereum’s market capitalization is $84.2b.
Note: market capitalization (often referred to as “market cap”) is the total value of all coins in existence. For example, Bitcoin’s $147.3b market cap means the value of all Bitcoins together is $147.3b.
So, besides statistics, how exactly do Bitcoin and Ethereum match up?
Many beginners in cryptocurrency believe that Ethereum is only as a financial currency, like Bitcoin. This is wrong for many reasons; let’s look at the basics.
Ethereum vs Bitcoin: The Basics
Here I will look at some of the features and facts of Bitcoin and Ethereum.
Bitcoin
Launched in 2009, Bitcoin was the first cryptocurrency and the first use of blockchain technology;
Bitcoin is a digital currency;
It aims to fix the problems in global finance, often referred to as the “bank of the people”;
Bitcoin does not require a third party, such as PayPal or a bank;
Created as an alternative to regular/fiat currencies (i.e. USD, EUR, JPY, etc.);
Used for manual transactions, like purchasing goods/services or receiving money;
It is highly liquid (it's the trading volume is $8.9m in the last 24 hours), which means you can easily convert Bitcoin into cash;
It takes minutes to complete Bitcoin transactions.
Ethereum VS Bitcoin: Bitcoin front page.
Ethereum
Launched in 2015, Ethereum’s blockchain widely known synonym is “Blockchain 2.0”;
Smart contracts program the transactions (which I will explain further in this guide);
Its smart contracts eliminate the need for third parties in many systems, not just financial ones;
It provides a platform to build smart-contract apps (known as dApps);
It provides a programming language, called Solidity, to build the dApps with;
Ether is its currency, it powers transactions on the Ethereum blockchain;
Ether is highly liquid (its trading volume is $2.4m in the last 24 hours);
Ethereum’s transactions take seconds to complete.
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