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Ethereum vs. Bitcoin Core: Understanding the difference
When it comes to exchanging cryptocurrencies, wallets and software, two popular options, which they often remember together, are Ethereum (ETH) and Bitcoin Core (BTC). Although both exist for some time, they are not exactly the same. In this article, we delve into the differences between Ethereum and Bitcoin Core.
What is the Bitcoin core?
Bitcoin Core is a design of Open Source software that allows users to extract Bitcoin. It was created in 2009 by Satoshi Nakamoto, a nickname person who introduced the first blockchain Bitcoin block. Bitcoin Core is responsible for verifying new blocks in blockchain and adding them to the public book.
What is Ethereum?
Ethereum (ETH) is a decentralized platform that allows programmers to build custom applications on blockchain. It was created in 2015 by Vitalik Buterin, founder of Ethereum. The Ethereum platform allows you to create intelligent contracts and decentralized applications (DAPPS). Intelligent contracts are self -controlling contracts with rules written directly in code lines, which makes them for programmers to build and manage complex interactions between different pages.
Differences
So what distinguishes the Bitcoin core from Ethereum? Here are some key differences:
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- Blockchain : Bitcoin core uses Bitcoin blockchain, which has a fixed block time of 10 minutes and the maximum block size of 1 MB. Blockchain Ethereum, on the other hand, is more flexible, with a block of 15 seconds and a maximum block size of 14,784,000 bytes (about 128 GB).
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- Wallets : Bitcoin spinal wallets are specifically designed for Bitcoins extracting, while Ethereum wallets can be used both for mining and developing DAPPS.
- Support for a hardware portfolio : Ethereum has more hardware portfolio options than Bitcoin.
Is the Bitcoin core the same as BTC?
Although they have a similar name, Bitcoin Core and Bitcoin (BTC) are not exactly the same. Bitcoin Core is an application that works on Bitcoin blockchain, while Bitcoin is the basis of the cryptocurrency itself. Think about how about a telephone application operating on a smartphone compared to the phone itself.
Application
To sum up, Ethereum and Bitcoin Core are two separate entities with different purposes, blocks, intelligent contracts and portfolio options. Although they can be used together in some contexts (e.g. Mining Bitcoin using Ethereum -based software), they should not be confused. If you are new in stock exchanges or cryptocurrency portfolios, it is necessary to understand the differences between these two popular platforms to make informed decisions.
Recommended reading
- “Ethereum 2.0: Guide to building scalable Blockchain applications” (author: Vitalik Buterin)
- “Bitcoin Core vs Bitcoin: What do you need to know” (through Cryptoslate)
Understanding the differences between Ethereum and Bitcoin Core, you will be better prepared to move around the world of cryptocurrency exchange, wallets and software.