The basic difference between Ethereum and Bitcoin

According to ethereum.org (the official website of the Ethereum organization), Ethereum is a decentralized platform that can run smart contracts, ie applications that can run on their own according to programming without any downtime, censorship, fraud or interference from other parties.

Difference between Ethereum and Bitcoin

Like Bitcoin, Ethereum is a publicly distributed blockchain network. Although there are many technical differences between Bitcoin and Ethereum, the most important differences are their purpose and function. Bitcoin offers a peer-to-peer electronic money system for Bitcoin payments or transfers. While Ethereum focuses its blockchain to run a decentralized program, including one of the payments or transfers Ether.

Dr. Gavin Wood (co-founder of Ethereum) explained that the main function of Bitcoin is as a currency, where the currency is an application of the blockchain. But there are still many other types of applications that can be run on a blockchain.

As an illustration, email …