Bitcoin Vs. Ethereum: Everything You Need to Know

Is Bitcoin better than Ethereum? What is the difference between bitcoin and ethereum? Read this article and discover everything you need to know about bitcoin vs. ethereum!

The fundamental difference between Ethereum and Bitcoin is that Bitcoin is just a currency, while Ethereum is a technology that is accepted by worldwide companies and it is used for building new programs.

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A lot of people would like to know whether Bitcoin is better than Ethereum or Ethereum is better than Bitcoin and what is the difference between them. If you are one of those people, you have come to the right place as in this article, we are going to present the most important information you need to know about Bitcoin and Ethereum.

Today it is all about blockchain technologies, cryptocurrency, Ethereum, Bitcoin, and etc. The world changes so fast, it is sometimes impossible to keep up with everything that is happening on the market. The first thing you should know is that a lot of money are pouring into this new market, and according to experts, it does not seem to be slowing down in near future. You may have heard about Bitcoin, but do you know what Bitcoin is exactly?

Before we continue, let’s discuss these two terms:

Bitcoin – The simplest way to define Bitcoin is to call it virtual currency. If it is easier for you, we can also call it a digital dollar. Bitcoin is not a company, it is not a technology, it is your money, but in a digital form. Today, anyone can register an account to buy and sell Bitcoins all over the world. There are some reliable websites which are specialized in buying and selling Bitcoins. Once such website is When it comes to Bitcoin price, as you probably know, it goes up and down, based on current supply and demand. Recently, people started converting their Bitcoins into tokens and based on the supply and demand of these tokens, their price also goes up and down. The price of the tokens has nothing to do with the Bitcoins price, as tokens operate on a completely different market and they are separate from the Bitcoin’s market as a virtual currency.

Ethereum – This is another cryptocurrency and a lot of people see it as a currency that beats Bitcoin as a dominant coin on the virtual market. However, in any economy, the currency is a relative factor. What makes ethereum different is the technology. The coin value of Ethereum is known as Ether and just like the Bitcoin it is bought and sold online and it is usually used by investors who purchase ICO opportunities.

When it comes to bitcoin vs. ethereum, as we previously said, the difference between them is the fact that Bitcoin is just a currency and Ethereum is a technology that is used by different companies and businesses all over the world and this technology is used to build new programs. Both currencies operate on a blockchain technology, but Ethereum is considered to be far more powerful. For example, if Bitcoin is a version 1.0, Ethereum would be a version 2.0. which means it allows decentralized apps to be designed and built on top of it. In other words, it is perfect for technology and innovation.

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There is a powerful support behind Ethereum and this is called the Enterprise Ethereum Alliance. It is a group of 500 companies which all agreed to work together so they can learn, understand, and use Ethereum’s blockchain technology or otherwise known as smart contract technology.

In a nutshell, the difference between Ethereum and Bitcoin is their separation of roles and their different goals.