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What is the difference between ethereum and bitcoin


what is the difference between ethereum and bitcoin

a proof-of-work algorithm entitled Ethash. Some people had already highlighted that bitcoin status the marketing was better than the execution because there were concerns that the code had specific vulnerabilities, leaving it open for attack. However, crypto is the new kid in school.

what is the difference between ethereum and bitcoin

what is the difference between ethereum and bitcoin

Since executing smart contracts costs computational resources, node owners are compensated with Ether. Rather, it should be considered as fuel for the apps on the decentralized ethereum network, according to ethereum. Ethereum is certainly faster than Bitcoin with transactions typically settling in seconds, rather than minutes. Anyone can view the entire blockchain and see every single transaction ever made. On the other hand, having personal data stored on someone elses computer makes that data vulnerable to hacking or other modes of intrusion. More businesses accepting Bitcoin as a method of payment, and more applications becoming widely used and supported on the Ethereum network. While still blockchain based, and operating as a store of value, its fans and evangelists see it as a platform for distributed computing, which comes with its own built-in currency, called Ether. Whats the difference between these two?

What is the Difference Between Ethereum and Bitcoin?



what is the difference between ethereum and bitcoin

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