Difference Between BTC and ETH

Bitcoin (BTC) and Ethereum (ETH) are two of the most prominent cryptocurrencies in the market, but they serve different purposes and have distinct features. Bitcoin, created by an anonymous person or group known as Satoshi Nakamoto, was introduced in 2009 as a decentralized digital currency. It was designed to enable peer-to-peer transactions without the need for intermediaries, aiming to be a "digital gold" and store of value. Ethereum, on the other hand, was proposed by Vitalik Buterin in 2013 and launched in 2015. Unlike Bitcoin, Ethereum is not just a cryptocurrency but also a platform for decentralized applications (dApps) and smart contracts, which are self-executing contracts with the terms directly written into code. While Bitcoin focuses on being a medium of exchange and a store of value, Ethereum is designed to facilitate and monetize decentralized applications and services. The main difference lies in their underlying technology and purpose: Bitcoin is primarily a financial instrument, while Ethereum is a comprehensive platform for decentralized computing. The two also differ in their consensus mechanisms, with Bitcoin using Proof of Work (PoW) and Ethereum transitioning from PoW to Proof of Stake (PoS) to improve scalability and energy efficiency. These differences make each cryptocurrency unique in its own right and suitable for different use cases.