Monday, 8 October 2018

Ethereum vs Bitcoin Technical Difference in BlockChain

BitCoin :- "The first decentralized digital currency."


Ethereum :- "A world computer for developing decentralized applications."


 1. Cryptocurrency

Ethereum - A cryptocurrency to run the state of machine of Ethereum & A cryptocurrency traded on exchange.

Bitcoin - A cryptocurrency & worldwide payment system. 

2. Account 

Ethereum -
Bitcoin -
3. Smart Contract -

It blockchains give us distributed trustworthy storage, then smart contracts give us distributed trustworthy calculations.

Power Smart Contract


4. Transactions

Bitcoin -
1024*1024/6008 = 1747.7   transactions/block
1747.7 / 600s = 2.917  transactions/second

Ethereum - 
4712388/21000 = 224.4 transaction per block
224.4/15 = 14.96 transactions per second

5. Consensus



6. Mining

Ethereum - 

Bitcoin -

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