Bitcoin, as well as Ethereum, are like apex predators in their respective environments, with the potential to evolve further and challenge the other in their respective habitats. Bitcoin is challenging money, while Ethereum takes on the traditional world of finance.
Ethereum is the second largest cryptoasset by market capitalization. As the underlying blockchain for many of the highest volume crypto projects such as uniswap and compound, its token ether is one of the fundamental cornerstones of DeFi.
Just as Bitcoin, Ethereum belongs to the bucket of public blockchains. It’s a decentralized ledger that is updated and verified by members of the Ethereum network. The only way to add a new block to the Ethereum blockchain is by mining it.
Ethereum is a decentralized, open-source blockchain with smart contract functionality. It is the second-largest cryptocurrency by market capitalization & the Ethereum blockchain is currently the most actively used blockchain in the world.
A brief conversation about Bitcoin and Ethereum, some differences and similarities. We touch on Proof of Stake (POS) and Proof of Work (POW) and various other aspects of the two cryptocurrencies. The first of many conversational pieces done by Real Vision’s Crypto Editors.