Bitcoin Vs. Ethereum: Key Differences Explained

Bitcoin and Ethereum, the two most dominant cryptocurrencies, have carved out distinct roles in the digital economy. Bitcoin, introduced by the mysterious Satoshi Nakamoto in 2009, was designed as a decentralized, peer-to-peer currency, often compared to "digital gold" due to its store of value function. Ethereum, launched in 2015 by Vitalik Buterin, is more than just a currency—it's a platform for decentralized applications (dApps) and smart contracts, offering greater versatility.

Bitcoin uses the energy-intensive Proof of Work (PoW) consensus mechanism, while Ethereum transitioned to the more eco-friendly Proof of Stake (PoS) in 2022. While Bitcoin prioritizes security and simplicity, Ethereum focuses on innovation, driving decentralized finance (DeFi) and the NFT ecosystem. Despite their different purposes, both cryptocurrencies continue to shape the future of finance and technology, dominating the market with a combined influence of over 70% of total market capitalization.

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