BitCoin :- "The first decentralized digital currency."
Ethereum :- "A world computer for developing decentralized applications."
1. Cryptocurrency
Ethereum - A cryptocurrency to run the state of machine of Ethereum & A cryptocurrency traded on exchange.
Bitcoin - A cryptocurrency & worldwide payment system.
2. Account
Ethereum -
Bitcoin -
3. Smart Contract -
It blockchains give us distributed trustworthy storage, then smart contracts give us distributed trustworthy calculations.
Power Smart Contract
4. Transactions
Bitcoin -
1024*1024/6008 = 1747.7 transactions/block
1747.7 / 600s = 2.917 transactions/second
Ethereum -
4712388/21000 = 224.4 transaction per block
224.4/15 = 14.96 transactions per second
5. Consensus
6. Mining
Ethereum -
Bitcoin -Ethereum :- "A world computer for developing decentralized applications."
1. Cryptocurrency
Ethereum - A cryptocurrency to run the state of machine of Ethereum & A cryptocurrency traded on exchange.
Bitcoin - A cryptocurrency & worldwide payment system.
2. Account
Ethereum -
Bitcoin -
3. Smart Contract -
It blockchains give us distributed trustworthy storage, then smart contracts give us distributed trustworthy calculations.
Power Smart Contract
4. Transactions
Bitcoin -
1024*1024/6008 = 1747.7 transactions/block
1747.7 / 600s = 2.917 transactions/second
Ethereum -
4712388/21000 = 224.4 transaction per block
224.4/15 = 14.96 transactions per second
5. Consensus
6. Mining
Ethereum -
- Proof-of-work: Ethash
- ASIC-resistance
- 5 ETH/Block
- Proof-of-work: SHA256
- ASIC-receptive
- 12.5 BTC/Block
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