- Bitcoin is mainly for the monetary transactions.Ethereum is like a world computer. It can be used for carrying out various decentralized and secure applications in all fields. Its application extends to all fields.
- Bitcoin has a blockchain of PoW (Proof-of-work) which now consists of 1 Megabyte blocks. These blocks are mined in every 10 minutes on an average with the SHA-256 hashing. Bitcoin blockchain can process 3 transactions at a time. Ethereum also works with PoW blockchain currently, but they are trying to shift to Proof-of-Stake blockchain which will change all the concepts of mining of ETH. Ethereum blockchain has blocks of different sizes.
- In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol.
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