Quote from: ArteMixer on May 18, 2018, 03:40:08 PM

How is Bitcoin different from Etherium?

I have seen many questions on this matter around Bitcointalk, so I thought that this would be useful as a source. Hope you enjoy and dont forget to say thanks.

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So lets start off with the question What are Bitcoin and Etherium?. Well, they are cryptocurrencies, based on the blockchain. So what makes Bitcoin and Etherium so different, if they are based on the same system?

Bitcoin

Bitcoin is often defined as the digital gold and that is for a reason. It had been one of the first cryptocurrencies to appear and this makes it such a popular coin nowadays. It can be defined as the dollar of the blockchain, as it is only a payment method. It can not be described as an innovative and mind-blowing technology, although it is very useful itself, it is just your money, held in a digital form. Bitcoin can be used for multiple purposes, one of them is inviting in ICOs (Initial Coin Offering). Once you support an ICO, they give you their tokens, which can be compared to stocks, which grow with the company, although are dependent on the price of Bitcoin and the market in general. Some other purposes are investing and basic payments, which are getting more and more popular nowadays.

Etherium

Etherium, on the other hand, is defined as the digital petroleum. It had been launched at the beginning of the crypto market development, and many people see it overtaking Bitcoin in future due to its flexibility. Of course, it is priced lower than Bitcoin as it had entered the market way later, but that does not deny its usefulness when it comes to innovations. Shortly speaking, where Bitcoin is just a currency, Etherium is a platform for other applications to host and grow at. It is so open-minded as a platform, that you could build anything on it, starting from 3D printing to traveling network management. And that is the quality that allowed Etherium to enter the big market: it occupies a different area rather than Bitcoin, therefore serves for different purposes.

Conclusion

For me, as an investor, Etherium poses a bigger personal interest than Bitcoin, but it is pretty clear that at least for the next year bitcoin will be the leading currency in the crypto market. That is also because most of the people nowadays are familiar with Bitcoin, but have heard nothing of Etherium. But if you are looking for a long term investment, Etherium might be your solution.

Bitcoin and ethereum are very different but the same value to us. Its the same big help to everyone, because bitcoin is so much expensive unlike ether. So its different but the same money.

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