Ethereum vs Bitcoin, What’s the Difference?
Bitcoin is a crypto asset whose purpose is to store value, and a way of being able to send money to someone. Meanwhile, Ethereum is a way used to send money to someone only when certain things.
Ethereum also has a different function, where it is a smart contract building platform, which allows sending tokens that represent value. These values can be things other than digital currency, which makes them different from Bitcoin.
Although the Bitcoin and Ethereum networks are supported by the principles of distributed ledgers and cryptography, there are technical differences between the two. While the Ethereum network may contain executable code, the data on the Bitcoin network is generally only for record keeping.
In terms of transaction speed, Ethereum is faster than Bitcoin. Then, the coin supply on Bitcoin is limited to just 21,000 coins, which creates a healthy supply and demand for the store of value. Meanwhile, Ethereum is, indefinitely, a continuous supply of Ethereum.
Historically, Ethereum has been behind Bitcoin as the top ranking on market cap. Even so, the ecosystem on the Ethereum network is much smaller than that of Bitcoin. As of January 2020, Ethereum’s market cap was just under 16 billion US dollars, while Bitcoin was 10 times that of 147 billion US dollars.