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 |