Bitcoin vs Ethereum: Which is Superior?

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Bittime - In the cryptocurrency industry , Bitcoin and Ethereum are the two names of crypto assets that are most often in the spotlight. These two cryptocurrencies have unique characteristics and an important role in the blockchain ecosystem . 

However, there is often debate about which is superior between the two. Here's a comparison between Bitcoin and Ethereum, as well as their impact on the cryptocurrency world as a whole.

Bitcoin and Ethereum

Bitcoin (BTC) was the first cryptocurrency launched in 2009 by a person or group using the pseudonym Satoshi Nakamoto. Bitcoin is known as “digital gold” and is the most popular and highest-valued cryptocurrency in the world today.

Meanwhile, Ethereum (ETH) was launched in 2015 by Vitalik Buterin and is a blockchain platform designed to support smart contracts and decentralized applications ( dApps ). Ethereum has a built-in cryptocurrency called Ether , which is used to pay transaction fees on the Ethereum network.

Also Read: Bitcoin Trading Strategy: How to Make Money from Bitcoin

Bitcoin vs Ethereum Comparison

The main purpose

Bitcoin's main goal is to become a digital alternative to the conventional financial system. Bitcoin was designed as a digital currency that can be used to store value and conduct peer-to-peer transactions without the need for third party involvement.

While Ethereum has a broader purpose than Bitcoin. Apart from being a digital currency, Ethereum also aims to be a platform for building decentralized applications (dApps) and smart contracts.

Transaction Capacity

Bitcoin has limited transaction capacity, with an average block time of around 10 minutes. This makes Bitcoin tend to be slow in confirming transactions, especially when the network is busy.

While Ethereum has a faster block time than Bitcoin, around 15 seconds. This allows Ethereum to handle more transactions per second than Bitcoin.

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Transaction Fees

Bitcoin transaction fees tend to fluctuate and can be high especially when the network is busy. This is caused by limited block capacity and the difficulty adjustment mechanism in the Bitcoin network.

Meanwhile, Ethereum transaction fees can also fluctuate, but tend to be lower than Bitcoin. However, when there is a spike in activity on the Ethereum network, transaction fees can increase significantly.

Also Read: Understanding Ethereum Transactions

Conclusion

Bitcoin and Ethereum have an important role in the cryptocurrency ecosystem, each with different characteristics and goals. Bitcoin is more focused as a digital currency and store of value, while Ethereum offers a platform for building decentralized applications and smart contracts. 

The choice between Bitcoin and Ethereum depends on the user's needs and preferences. For investors looking for an asset to store value, Bitcoin may be a more suitable choice, while for developers looking to build decentralized applications, Ethereum offers more flexibility and functionality. 

As blockchain technology develops, the role and value of Bitcoin and Ethereum also continues to grow. Both play an increasingly important role in the world of digital finance.

How to Buy Bitcoin (BTC) or Ethereum (ETH) on Bittime

If you are interested in investing in Bitcoin (BTC) or Ethereum (ETH) crypto assets , you can buy them at Bittime. BTC is available on Bittime in BTC/USDT and BTC/IDR pairings. Meanwhile ETH is available in ETH/USDT and ETH/IDR pairings.

The following is a guide on how to buy BTC and ETH tokens on Bittime. 

• Register an account at Bittime using an active email. 
• Complete the identity verification process.  
• Once the account is verified, open the Bittime application.
• Select the Market menu or click the graphic icon. 
• Select IDR pairing to buy BTC or ETH with Rupiah.
• Click 'Buy'.
• Select the order type to use. Limit orders, market orders and stop orders are available.
• Enter the nominal rupiah to buy BTC or ETH.
• Click the 'Buy BTC' or 'Buy ETH' button. 
• A notification pop up will appear. Read it carefully and click 'Confirm'. 
• Enter the six digit Transaction PIN.
• The application will display a successful order notification. 
• Check your BTC or ETH balance in your wallet after a successful transaction.

To see a complete guide on how to buy Bitcoin (BTC) or Ethereum (ETH), you can click here .

Apart from buying Bitcoin (BTC) or Ethereum (ETH), you can also buy various crypto assets, such as USDT, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring crypto asset price chart movements today to find out crypto market trends on Bittime. 

Crypto asset buying and selling transactions on Bittime are easy, safe and instant. Bittime is officially registered and supervised by Bappebti and Kominfo. 

Also Read:

What Are Crypto Wallets?

What is Cryptocurrency Mining?

What is Bitcoin and How Does It Work?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.