Difference between Bitcoin and Ethereum
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Difference between Bitcoin and Ethereum
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Presentation Transcript
Bitcoin & Ethereum • Satoshi Nakamoto, an anonymous developer or group of developers, introduced Bitcoin to the public in 2009. Bitcoin is a decentralized digital currency that can be transferred through the bitcoin peer-to-peer network. A public ledger records the transaction and copies are held on worldwide servers. • VitalikButerin, a programmer, created Ethereum in 2013. It is a decentralized, open-source blockchain that supports smart contracts. Ethereum is a decentralized blockchain platform that creates a peer-to-peer network for securely executing and verifying application code known as smart contracts. Smart contracts enable participants to transact with one another without the need for a trusted central authority.
Is Ethereum have smart contracts? • Ethereum is a decentralisedblockchainplateform that creates a peer-to-peer network for securely executing and verifying smart contract code. Participants can transact with one another without the need for a trusted central authority. Participants have full ownership and visibility of transaction data since transaction records are immutable, verifiable, and securely distributed across the network. • Ethereum accounts come in the form of smart contracts. This indicates that they have a balance and are able to send transactions across the network. They are not, however, controlled by a user; instead, they are deployed to the network and run according to a set of instructions.
Does Ethereumuse blockchain? • Ethereum (ETH) is a blockchain-based platform that is best known for its cryptocurrency. Ethereum'sblockchain technology allows for the public creation and maintenance of secure digital ledgers. • Ethereum uses the smart contract block chain.
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