What Is the Difference Between Ethereum And Bitcoin Blockchain?

DWQA QuestionsCategory: BlockchainWhat Is the Difference Between Ethereum And Bitcoin Blockchain?
Editor Staff asked 1 month ago

What Is the Difference Between Ethereum And Bitcoin Blockchain?

1 Answers
Editor Staff answered 1 month ago

A blockchain is a distributed peer-to-peer network. It offers peers to record immutable data and transparency. The difference between bitcoin and Ethereum is their approach. Ethereum, being the 2nd generation blockchain solution, improves on bitcoin in almost every possible way.
The main difference is how they are trying to solve the industry problem. Conceptually, bitcoin is a digital currency, whereas Ethereum is about smart contracts. Ethereum is also energy efficient as it uses Proof-of-Stake (PoS) consensus algorithm compared to bitcoin’s Proof-of-Work (PoW). This also makes Ethereum more scalable compared to bitcoin. This is another one of the important interview questions on Ethereum.