Ether or ETH works on the Ethereum network, and it is the second most popular cryptocurrency after bitcoin or BTC. Bitcoin is a kind of digital currency that works on a peer-to-peer system without any central authority. It was discovered by a person or group of persons namely Satoshi Nakamoto in the year 2008. Every transaction is stored in an immutable distributed ledger.

1. Difference between Ethereum and Bitcoin
Ether or ETH works on the Ethereum network, and it is the second most
popular cryptocurrency after bitcoin or BTC. Bitcoin is a kind of digital

2. currency that works on a peer-to-peer system without any central
authority. It was discovered by a person or group of persons namely
Satoshi Nakamoto in the year 2008. Every transaction is stored in an
immutable distributed ledger.
Ether and Bitcoin have many similarities between them. Both of them
are digital currencies traded on the online exchanges. They are stored
in various cryptocurrency wallets.
This blog describes Ethereum and Bitcoin and highlights the major
differences between both currencies. We will also discuss various other
things related to these cryptocurrencies in detail in this blog.
What is Ethereum?
Ethereum is a kind of blockchain-distributed platform. The network
currency of this platform is Ether or ETH. The transactions are stored in
an immutable distributed ledger. The features of the Ethereum
platform are:
 Ethereum is an open-ended decentralized platform with huge
popularity around the globe.
 It helps to build and deploy decentralized apps and smart
contracts without fraud or interference or control of a third party.
 Ethereum has its own programming language that works on a
blockchain.
 The native cryptographic token on the Ethereum platform is Ether
or ETH. In the year 2014, Ethereum launched a presale that got a
huge response.
 Users have to create Ethereum accounts to send and receive
transactions.

3.  Ethereum is a flexible platform to build apps with the help of
solidity scripting language.
 This platform is highly scalable and can be used by different users
according to their needs and budget.
Ethereum network was started in the year 2015 and soon became the
most ambitious project in the crypto space to decentralize everything
on the internet. There is no central authority that uses Paw to reduce
fraudulent activities in the blockchain.
Decentralized apps developed on Ethereum allow Ether and other
crypto assets in performing various tasks such as keeping collateral for
loans or providing a loan to the borrowers to earn interest.
Also Read: How To Mine Ethereum
What is Bitcoin?
Bitcoin was invented in the year 2009 by Satoshi Nakamoto. It is a kind
of cryptocurrency without any central authority. Bitcoins are not
physical assets. Only a public ledger is maintained to record all the
transactions. The special features of Bitcoin are:
 Bitcoin is shown as BTC in the cryptocurrency language
 Bitcoin is stored, created, and distributed using a decentralized
system called Blockchain
 You can either buy a whole of Bitcoin or a small fraction of it as
per the budget.
 The public ledger will record all the transactions of the Bitcoin and
their copies are stored on servers around the globe.
 Bitcoin allows you to manage currency without a bank,
government, or financial institution.

4. Bitcoin blockchain is available to the public. It contains the history of
every transaction conducted in the distribution of several nodes.
Also Read: What is Bitcoin? Everything You Need to Know
Key Difference between Ethereum and Bitcoin
Both Ethereum and Bitcoin might have some similarities but they are
different from one another. Bitcoin is used as a digital asset like gold
whereas Ether is used to power the Ethereum platform and its apps.
Now, let us have a look at the major differences between the
cryptocurrencies in detail:
1. Types of tokens issued
One can issue tokens on both platforms. In the case of the Bitcoin
blockchain, the Omni layer platform is used for creating and trading
currencies. Omni’s layer adoption works around stablecoins.
On the other hand, Ethereum tokens are issued with different
standards. The most popular standard is ERC-20. This standard includes
the list of rules for the tokens on the Ethereum network. It also
mentions the different functions that developers must implement
before launching the tokens. These functions contain details such as
account balances and toke’s total supply.
2. Mechanism
Both Bitcoin and Ethereum platforms have different mechanisms. While
Bitcoin works on Nakamoto consensus to confirm transactions and add
new blocks to the blockchain. It works on a proof-of-work system.
Ethereum works on a proof-of-stake system to confirm transactions
and add new blocks. The proof-of-stake system is better than the proof-
of-work system and saves energy.

5. 3. Time to add a new block
Bitcoin works on a proof-of-work system to add new blocks to the
blockchain. Bitcoin Miners are required to find an SHA-256 hash that is
equal to the target hash. Similarly, Ethereum miners must also find a
hash that is equal to the target hash. The average time taken to search
a block on Bitcoin is 10 minutes while it takes around 12 seconds in
Ethereum to find a block.
4. Public wallet addresses
Bitcoin and Ethereum have different public wallet addresses. This
wallet address acts as a unique identifier for receiving funds. It is similar
to International Bank Account Number in certain financial institutions.
This number helps to identify the bank and country from the account a
client belongs. In the case of Bitcoin, public wallet addresses begin with
a 1, bc 1, or a 3. On the other hand, the addresses start from “0x”.
5. Algorithms
Both these platforms include different algorithms and their hash rates
cannot be compared. Generally, the hash rate of Ethereum is higher
than Bitcoin. It means that Ethereum is safer than Bitcoin for
investment option.
6. Market capitalization
Bitcoin was invented in the year 2009 whereas Ethereum came into
existence in the year 2015. The market capitalization of Bitcoin is $100
billion currently whereas the market capitalization of Ethereum is more
than $25 billion.
Final words
These are the major differences between Bitcoin and Ethereum
platforms. Today, Bitcoin is more popular than Ethereum because of

6. various benefits. It has more market capitalization than Ethereum and it
is a reliable option for investment.
You can buy the best cryptocurrency mining hardware to start mining
Bitcoin and earn huge profits.
Both these options are safe today to invest your money. You can ask an
expert about both these options and how to invest safely to earn good
profits every year.