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BusinessCompare of Ethereum and Bitcoin

Compare of Ethereum and Bitcoin

In the first short introduction of Ethereum and Bitcoin

Ethereum is the second generation of CRYPTO CURRENCY and is in fact a platform that, in addition to supporting digital money activities, has made it possible to perform various contracts digitally and decent rally. Atrium eth digital currency operates in the context of the Chinese blockchain network and its main currency is called ether.

Bitcoin is a virtual currency that gained a lot of popularity and prosperity when its price reached $ 13,000 in early 2018. This digital currency was a combination of creativity, overcoming legal barriers and eliminating intermediaries in various financial and banking affairs that made financial transactions possible at the international level. Therefore, in the short time of his emergence, he was able to attract a lot of attention.

After Bitcoin, many cryptocurrencies were born that had similar features. Cryptocurrencies have great features and capabilities, which is why they have become so popular over the last 10 years or so.

Cryptocurrencies operate in the context of large networks called “blockchains”. This network has a lot of users and it is not possible to access and capture its data.

“Extensiveness”, “large number of users”, “lack of possibility of network fraud and fraud” and “lack of network monitor” make it a free and effective environment for communication activities in various fields.

More precisely, “Bitcoin” operates in the context of the decentralized network of the Chinese blockchain.

Compare of Ethereum and Bitcoin :

Given that Ethereum is the second generation of digital currencies, many people think that this digital currency is similar to the Bitcoin digital currency, but it should be noted that despite the similarities between the two types of currencies. There are also fundamental differences between them, which are described below as the common and non-common points of these two well-known currencies.

Both currencies operate on the basis of the Chinese blockchain network.

Both currencies are based on the extraction process and a mining device is required to create both currency codes.

Both currencies operate in a decentralized manner without the need for intermediaries.

Both currency codes are very secure and impenetrable.

Transactions in these two currencies are irreversible and can not be stopped or returned if implemented.

Transactions in both currencies are not covered by taxes and tax laws because they are not recognized by governments.

The transaction speed in Ethereum is much higher than Bitcoin, so that Bitcoin performs only 7 transactions per second, but this number is 16 for Atrium.

The speed of creating each block containing transactions in Bitcoin is 10 minutes and in Atrium is only 14 seconds.

Ethereum can be used to execute any type of smart financial contract, but Bitcoin is only used for monetary activities.

Unlike Bitcoin, which is limited in supply and has only 21 million units, Ether digital currency has no supply restrictions.

It should be noted that it is possible to execute a contract on Bitcoin, but due to the rudimentary script language of this network, it will be very difficult to do so.

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