A simple comparison between Bitcoin and Ethereum

Bitcoin

  • Decentralization
  • Security
  • Quick transactions
  • Mobile payments
  • Privacy
  • Low transaction fees
  • Cross border transactions
  • Global acceptance
  • Fungibility.
  • Global acceptance
  • Decentralized system
  • Easy and quick cross border transactions
  • Availability of better liquidity
  • Anonymity and privacy
  • Bitcoin is susceptible to high volatility in price.
  • Scalability problems.
  • It is not a facilitator for decentralized applications.

Ethereum

  • Creation and implementation of Smart Contracts.
  • Creation of decentralized applications (DApps)
  • Facilitator of Decentralized Finance (DeFi)
  • Flexibility
  • Open-source
  • The Ethereum blockchain has a strong backing that includes contributions from big companies like JP Morgan, ING, and Toyota.
  • Flexibility allows developers to create and share decentralized applications on the Ethereum blockchain.
  • Exponential growth
  • It has more scalability than Bitcoin
  • High authenticity and acceptance across the crypto community
  • Delay in processes.

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