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Table 3 Comparison between Bitcoin and Ethereum

From: A bibliometric review of cryptocurrencies: how have they grown?

 

Bitcoin

Ethereum

Concept

Bitcoin is both a currency and a digital payment system

The Ethereum network is based on distributed ledger technology (DLT) or blockchain

Launch Date

31st of October 2008, date of publication of White Paper

December 2013

Form

Cryptocurrency

Cryptocurrency

Base

Blockchain

Blockchain

Ticker

bitcoin (BTC)

ether (ETH)

Purpose

Payment System

Allows execution of Smart contracts Contracts and decentralized applications by means of writing lines of code

Design

Virtual Currency

Token

Supply

Mining

Recompense is based on validation of blocks

Mining

Validation of blocks, transactions or contracts

In circulation

21 million bitcoin in total

18 million per year

Other

Used like any other fiat currency

Includes supplementary fees for “gas”

Only works within its own network

  1. Source: Own compilation