Ever since cryptocurrency popularized the trend, there are two cryptocurrency that anyone could not miss in the crypto-market, which are Bitcoin and Ethereum. Bitcoin vs Ethereum, so which one is better you may ask, comparing both of them is like comparing gold and electricity, which they both have their own dedicated usage but somehow somewhere, they are related as well.
In the following, both cryptocurrency will be compared briefly to help readers understand the relevant information:
1. Usability
Firstly, the purpose of Bitcoin is to eliminate intermediaries by performing decentralized transactions that are much more transparent. Not to mention, it is currently widely adopted by the institutional.
Following, Ethereum is a complement to Bitcoin. Although Ethereum has features that Bitcoin has but it comes with more functionality, flexibility and more potential due to its smart contract features.
2. Scarcity
Moreover, Bitcoin has only 21 million supply of tokens. As a matter of fact, around 19 million of Bitcoin token has been mined and it covered up to 90% of the supplies.
Meanwhile, Ethereum has unlimited supplies in the long term but has the limit of 18 million supplies annually.
3. Transaction
Furthermore, Bitcoin is able to achieve 7 transactions per second and requires an average of 10 minutes on block time.
Correspondingly, Ethereum is able to achieve 30 transactions per second and only requires an average of 15 seconds on block time.
4. Cost / Gas Fees
Although Ethereum is much faster, but it comes with a cost. For extra information, Ethereum has a higher gas fee compared to Bitcoin. The reason for this is that the Ethereum blockchain has over 3000 decentralized applications and any action occurs fee on the blockchain. In fact, this major issue for Ethereum will be addressed during the ETH2.0 launch.
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