2 essential differences between BTC and Eth
Posted: Wed Dec 18, 2024 4:36 am
For the past few years, the biggest rivalry in the cryptocurrency world has been between Bitcoin and Ethereum, also known as Eth .
Although many believe that both cryptocurrencies are entirely similar, the truth is that Eth has two main differences compared to Bitcoin. These are the most important ones.
The identity of its creator is not a mystery
The reason why this is one of its paytm data most notable differences is because, as this cryptocurrency is Bitcoin's biggest competitor, any detail in which it does not resemble it is significant.
One of the most striking features of Bitcoin is that its origins are a real mystery, as no one knows who its creator is. Fortunately, there is greater transparency in the case of Eth, as the identity of the person who created it is public knowledge.
The person behind this cryptocurrency is the developer and engineer specializing in virtual currencies Vitalik Buterin, who in 2013 promoted this project. Buterin thought that given the rise of Bitcoin, a language was needed to create applications within this cryptocurrency, but as he could not obtain enough support for such a project, he proposed the creation of another virtual currency that would represent a kind of competition.
His idea regarding the rivalry was that far from cannibalizing each other, both cryptocurrencies would benefit as there would inevitably be a rise in prices for both Bitcoin and Eth.
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Buterin officially announced this cryptocurrency a year later, and included Anthony Di Iorio, Mihai Alisie and Charles Hoskinson in the core Eth team.
As Buterin would comment months later, this cryptocurrency was financed through a kind of ICO, where people only had the opportunity to participate through Bitcoins, with a ratio of one of these virtual currencies in exchange for two thousand Eths.
Although many believe that both cryptocurrencies are entirely similar, the truth is that Eth has two main differences compared to Bitcoin. These are the most important ones.
The identity of its creator is not a mystery
The reason why this is one of its paytm data most notable differences is because, as this cryptocurrency is Bitcoin's biggest competitor, any detail in which it does not resemble it is significant.
One of the most striking features of Bitcoin is that its origins are a real mystery, as no one knows who its creator is. Fortunately, there is greater transparency in the case of Eth, as the identity of the person who created it is public knowledge.
The person behind this cryptocurrency is the developer and engineer specializing in virtual currencies Vitalik Buterin, who in 2013 promoted this project. Buterin thought that given the rise of Bitcoin, a language was needed to create applications within this cryptocurrency, but as he could not obtain enough support for such a project, he proposed the creation of another virtual currency that would represent a kind of competition.
His idea regarding the rivalry was that far from cannibalizing each other, both cryptocurrencies would benefit as there would inevitably be a rise in prices for both Bitcoin and Eth.
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Buterin officially announced this cryptocurrency a year later, and included Anthony Di Iorio, Mihai Alisie and Charles Hoskinson in the core Eth team.
As Buterin would comment months later, this cryptocurrency was financed through a kind of ICO, where people only had the opportunity to participate through Bitcoins, with a ratio of one of these virtual currencies in exchange for two thousand Eths.