Bitcoin vs. Ethereum: An Overview
Purposes
The main difference between the two lies in the problems that each cryptocurrency tries to solve. Bitcoin was born with the purpose of decentralizing commerce and creating a cryptocurrency that does not depend on a bank or central government, and Ethereum, instead, was created with the objective of decentralizing the web, eliminating the participation of third parties through the creation of applications. decentralized.
Invention
No one knows who Satoshi Nakamoto (the creator or creators of Bitcoin) is, instead many people do know who is the public face and inventor of Ethereum, the Russian Vitalik Buterin. This is really valuable for Bitcoin since knowing who Satoshi is could be an easy target for governments by adjudicating legal charges against him, something to which Vitalik is inevitably exposed.
Amount of coins
A fundamental difference between the two is the amount of cryptocurrencies to be issued, since in Bitcoin the maximum number of coins to be generated will be 21 million and in the case of Ethereum there is no such limit. That opens the discussion about what will be more convenient, a deflationary system (Bitcoin) or an inflationary system (Ethereum).
Smart contracts
Perhaps the fundamental characteristic of Ethereum is the possibility of creating smart contracts. These are automated agreements that can be programmed in such a way that they are irreversible making that if or if the previously defined conditions are executed. For example, the owner of a car wash creates a Smart Contract in which he automates that every time his address reaches 3 BTC, 0.1 BTC is sent to each employee as an incentive.
While various projects have begun to provide the possibility of using smart contracts with Bitcoin, Ethereum is one step ahead in this fight.
Transaction speed
Another of the discussions that usually divides the crypto public is that of the speed of both cryptocurrencies. The time required for an operation to be confirmed on the Bitcoin network is approximately 10 minutes, while on Ethereum the delay is between 12 and 17 seconds.
It is clear that both cryptocurrencies present marked differences, but there is something very important that both have in common: the best place to acquire them. If you still do not know where to buy Bitcoin or where to buy ethereum in Spain, it is time that you get to know the Bitnovo website where you can buy both cryptocurrencies in the simplest, fastest and safest way on the market.
