Bitcoin vs Ethereum: What’s the Difference? Which is Better?
Bitcoin and Ethereum are the 2 largest cryptocurrencies by market cap according to Coinmarketcap.
What is Bitcoin?
Bitcoin is the world’s first cryptocurrency created in 2009 by an unknown person named Satoshi Nakamoto. The goal of the Bitcoin project was to create a peer to peer digital currency that’s decentralized and not under the control of banks or governments. There are a total of 21 million Bitcoin and miners earn Bitcoin by solving complex transactions.
What is Ethereum?
In this article, I will compare Bitcoin and Ether to each other across several different elements to give you a basic overview of each crypto coin.
|Total Max Supply||21 million||No cap|
Store of Value: Bitcoin
When it comes to Bitcoin, I believe it’s the better store of value due to its fixed supply and scarcity. Bitcoin is deflationary by design but Ethereum does not have a fixed supply to maintain the integrity of the network. Ether developers need to keep a flexible supply to meet the demands of the growing smart contract market.