Bitcoin vs Ethereum: Which One Is Better? | Difference Between Bitcoin And Ethereum | Simplilearn
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
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This Bitcoin vs Ethereum video talks about the differences between Bitcoin and Ethereum. In the market that hosts more than 1600 cryptocurrencies and new ones showing up every single day. Two of them stood out for the last two years, they are Bitcoin and Ethereum. Today, we are going to talk about Bitcoin vs Ethereum and understand the differences between these two cryptocurrencies.
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Below topics are explained in this Bitcoin vs Ethereumvideo:
0:00 Introduction to Cryptocurrencies
00:35 What is cryptocurrency?
01:59 What is Bitcoin?
02:41 What is Ether? / What is Ethereum?
03:39 Bitcoin vs Ethereum
04:24 Introduction of Bitcoin and Ethereum
05:00 Concept of Bitcoin and Ethereum
05:36 Mining of Bitcoin and Ethereum
06:06 Reward system of Bitcoin and Ethereum
06:34 Transaction fee of Bitcoin and Ethereum
07:02 Average block time of Bitcoin and Ethereum
07:15 Hashing algorithm of Bitcoin and Ethereum
07:29 Info on Bitcoin and Ethereum
08:46 Bitcoin vs Ethereum: Which one is better?
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#BitcoinvsEthereum #DifferencesBetweenBitcoinAndEthereum #Ethereum #Bitcoin #Whatisblockchain #Blockchain #Bitcoin #Blockchainonlinetraining #Blockchainforbeginners #BlockchainTechnology #Simplilearn
What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency that is meant to be a medium of exchange. It is quite similar to real-world currency, except it does not have any physical embodiment, and it uses cryptography to work. Because cryptocurrencies operate independently and in a decentralized manner, without a bank or a central authority, new units can be added only after certain conditions are met.
Differences between Bitcoin and Ethereum:
Bitcoin is used to send money to someone. The way it works is very similar to the way real-life currency works. Ether is used as a currency within the Ethereum network, although it can be used for real-life transactions as well. Bitcoin transactions are done manually, which means you have to personally perform these transactions when you want them done. With ether, you have the option to make transactions manual or automatic-they are programmable, which means the transactions take place when certain conditions have been met. As for timing, it takes about 10 minutes to perform a bitcoin transaction-this is the time it takes for a block to be added to the blockchain. With ether, it takes about 20 seconds to do a transaction.
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Do you have any questions on this topic? Please share your feedback in the comment section below and we'll have our experts answer it for you. Thanks for watching the video. Cheers!
3:38 and now for the thing you've been waiting for: Bitcoin vs Ethereum
Thanks for watching our video and sharing your thoughts. Do subscribe to our channel and stay tuned for more. Cheers!
Great video. Wonderful channel. Keep educating us. I want to learn blockchain. I am still not sure about buying cryptos though. Because 1. how the coming of so many new currencies will shape the market. No one knows the future of bitcoin for example. 2. Such speculative instrument becoming a store of value doesn't seem too logical unless we have 1 stable crypto. 3. Real world applications are not too clear unless it's a point to point sale. Otherwise to trade in day to day expenses, it has to be converted to a Fiat currency. On which day you are completely unsure of the price. So many unknowns.
Hi, Simplilearn provides online training across the world. We would be happy to help you regarding this. Please visit us at www.simplilearn.com and drop us a query and we will get back to you! Thanks!
Great going rahul 🍾 hope you go along way
Yours , MANIL UPADHYAY
Hi Manil, thanks for watching our video and appreciating our instructor. We will definitely let Rahul know about this comment. Do check out our other tutorial videos and subscribe to us to stay connected. Cheers :)
Good information
Hi Swalih, we appreciate the kind comment. Do show your support by subscribing to our channel and also giving thumbs up to our videos. Thanks.
Excellent
Thank you! Cheers!
Which is the best cryptocurrency to invest on?
HI Nikhil, Bitcoin (BTC), Cardano (ADA), EOS (EOS), Ethereum (ETH), Ripple (XRP), Stellar (XLM), and TRON (TRX) are rising and top-rated cryptocurrencies which are very safe to invest on. Hope that helps! Thanks!
Ethereum __LPNT which is based on erc20 technology is the best one according to me