Bitcoin primarily serves as digital gold and a payment system, while Ethereum acts as a platform for building decentralized applications and hosting other cryptocurrencies.
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Explore the fundamental distinctions between the two largest cryptocurrencies and understand their unique roles in the digital economy.
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Similar ideas to Use Cases and Applications
If bitcoin is digital gold, Ethereum is alike the power grid, powering an ecosystem of worldwide decentralized applications.
The gas is the metering system for the consumed power. And ETH is the currency used to pay for running the software and maintaining the network.
While blockchain technology is best known for powering cryptocurrencies like Bitcoin, its applications extend far beyond digital finance.
Blockchain’s decentralized, secure nature is being harnessed for supply chain management, healthcare re...
Despite Mt.Gox and the Silk Road, bitcoin continued to enter the mainstream. At the end of 2014, Microsoft began accepting bitcoin payments. In 2015, other cryptocurrencies such as Ethereum - also based on the blockchain - began to emerge.
Ethereum changed the focu...
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