What is the difference between Ethereum and Bitcoin?
Ether, the currency used to complete transactions on the Ethereum network (learn more) and Bitcoin have many fundamental similarities. They are both cryptocurrencies that are rooted in blockchain technology. This means that independent computers around the world volunteer to keep a list of transactions, allowing each coin’s history 比特币跟以太币有何不同？ to be checked and confirmed.
They are both 比特币跟以太币有何不同？ virtual currencies that are actively used for services, contracts, and as a store of value. Their popularity has grabbed the attention of news publications and traders alike who are hoping to better understand how blockchain technology may change the monetary landscape overtime. This is where most of the similarities end.
Their decentralized nature is a big change from traditional currencies, but they are not accepted everywhere. While Bitcoin is accepted more widely and viewed as an 比特币跟以太币有何不同？ international digital currency, Ether is only accepted for 比特币跟以太币有何不同？ transactions Digital Applications (Dapps) that run on the Ethereum 比特币跟以太币有何不同？ 比特币跟以太币有何不同？ network.
Key differences between Ether and Bitcoin
Both Ether and Bitcoin are cryptocurrencies that are based on blockchain technology. Beyond that, the currencies are quite different and have different uses.
Bitcoin is what most people think about when they hear the words ‘blockchain’ or ‘crypto’. It was the first 比特币跟以太币有何不同？ 比特币跟以太币有何不同？ use case for blockchain technology and reimagined what currency 比特币跟以太币有何不同？ could be if it were not tied to a specific central bank or country.
Its technology also 比特币跟以太币有何不同？ 比特币跟以太币有何不同？ makes it difficult to be stolen or tampered with since all machines on the decentralized network need to agree on the terms of any transaction. This mostly means confirming that the payee is the rightful owner of the currency.
The coin can either be traded on the open market or 比特币跟以太币有何不同？ 比特币跟以太币有何不同？ you can lend computing power to the network (mining) and be paid in Bitcoin for the use 比特币跟以太币有何不同？ of your machine (harvesting).
The maximum amount of Bitcoins that can ever be produced is 21 million, introducing scarcity into the market. In order to prevent Bitcoin from running out, halving events are built 比特币跟以太币有何不同？ into the protocol to pay out fewer Bitcoins to miners after a harvesting milestone is reached.
Traders commonly keep an eye on these events as some have created market volatility while others have created no noticeable market movements.
Shortly after Bitcoin’s release, Ethereum looked at the way they were using blockchain technology and imagined how it could be used beyond just as a currency.
Beginning with Smart Contracts and decentralized Applications (Dapps), Ethereum soon realized that they needed a single currency for their platform that could be trusted in line with their protocols. This led the Ethereum Foundation, a body 比特币跟以太币有何不同？ that oversees Ethereum’s activity but can not independently 比特币跟以太币有何不同？ change protocols, to create Ether.
Ether is mined in the same manner as Bitcoin, but unlike Bitcoin, Ethereum miners can charge a fee for confirming a transaction. In addition, there is no limit to the amount of Ether that can be released. This removed the perceived scarcity that may be a factor in Bitcoin’s higher valuation.
Ether is the recognized currency that can be used across the Ethereum network but is not widely accepted elsewhere. On the same note, Bitcoin can not be used as 比特币跟以太币有何不同？ a recognized currency on the Ethereum platform.
Ethereum and Bitcoin operate on separate protocols and their processes are not related to one another. This means that some transactions that may be allowed on one platform may not be allowed on another. This 比特币跟以太币有何不同？ becomes a question when considering permissioned vs permissionless transactions.
Will Ethereum overtake Bitcoin?
Both Ethereum’s 比特币跟以太币有何不同？ Ether and Bitcoin have many factors that contribute to their valuations.
In order to speculate on the valuations of cryptos such as Bitcoin and Ether, traders must ask key questions such as:
- How is each coin used?
- How widely accepted is it today? How widely accepted will it be in the future?
- What can historical data tell us about this instrument?
While Bitcoin has traditionally held a higher price valuation than Ether, it is important to note that the cryptocurrency market 比特币跟以太币有何不同？ thus far has been highly volatile, and will likely continue to remain volatile. In contrast to stocks, 比特币跟以太币有何不同？ commodities, or even centrally-regulated currencies, a cryptocurrency’s underlying value is unclear.
这促成了以太坊和比特币的另一个关键差异，布特林称之为以太坊的「第一类公民」（first-class citizen，程式语言中的术语，亦称First-class object，指能在程式执行期间，创造并做为参数传递给其他函数或存入一个变数的实体）——合约帐户和外部帐户拥有同等的权力，而这个特征也使得自动执行程式码的应用程式变得更加容易使用。如果区块链技术的目的是去掉中介者，这个概念就深植在以太坊的核心中。
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