Ethereum: Difference between revisions
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|'''Website''' | |'''Website''' | ||
|ethereum.org[https://ethereum.org] | |ethereum.org[https://ethereum.org][https://etherscan.io etherscan.io] | ||
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=== Ethereum vs. Bitcoin === | === Ethereum vs. Bitcoin === | ||
{| class="wikitable" | {| class="wikitable" | ||
|+Source: [https://www.coinbase.com/ Coinbase] (July 2023 | |+Source: [https://www.coinbase.com/ Coinbase] (July 2023) | ||
! | ! | ||
!Ethereum<ref><nowiki>https://www.coinbase.com/price/ethereum</nowiki></ref> | !Ethereum<ref><nowiki>https://www.coinbase.com/price/ethereum</nowiki></ref> | ||
!Bitcoin<ref><nowiki>https://www.coinbase.com/price/bitcoin</nowiki></ref> | !Bitcoin<ref><nowiki>https://www.coinbase.com/price/bitcoin</nowiki></ref> | ||
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|'''Popularity''' | |||
|#2 | |||
|#1 | |||
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|'''Type''' | |'''Type''' | ||
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|Digital currency | |Digital currency | ||
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| | |'''Market cap''' | ||
'''Market cap''' | |||
|$222.4B | |$222.4B | ||
|$568.1B | |$568.1B | ||
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|'''All time high''' | |'''All time high''' | ||
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|21M BTC | |21M BTC | ||
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* Since Bitcoin stands as the pioneering and most renowned cryptocurrency, drawing a comparison between Bitcoin and Ethereum proves highly beneficial when analyzing Ethereum. As Bitcoin's primary competitor, Ethereum is ranked #2 on most cryptocurrency platforms, while Bitcoin is ranked #1. | |||
* While this section focuses on comparing Ethereum and Bitcoin, it's essential to acknowledge that they are not of the same kind. Ethereum operates as a decentralized blockchain, where cryptocurrency is merely one of its numerous applications. In contrast, Bitcoin exclusively functions as a cryptocurrency, akin to the virtual counterpart of a dollar. | |||
* | |||
=== Valuation === | === Valuation === | ||
[[File:Eth price.PNG|center|thumb|631x631px|Ethereum's price history 2015-2023]] | [[File:Eth price.PNG|center|thumb|631x631px|Ethereum's price history 2015-2023]] | ||
=== Risks === | === Risks === | ||
Revision as of 18:22, 24 July 2023
| Type | Decentralized blockchain |
| Release Date | 30 July 2015 |
| Founder | Vitalik Buterin |
| Website | ethereum.org[1]etherscan.io |
What is Ethereum?
- Ethereum is a network of computers all over the world that follow a set of rules called the Ethereum protocol[1].
- The Ethereum network acts as the foundation for communities, applications, organizations and digital assets that anyone can build and use[1].
Blockchain
The concept of blockchain is crucial in understanding Ethereum.
What can Ethereum do[1]?
- Banking: Everyone is allowed to access Ethereum, and the lending, borrowing and savings products built on it is an internet connection.
- An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations.
- A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other.
- Censorship-resistant: No government or company has control over Ethereum.
- Commerce guarantees: Users have a secure, built-in guarantee that funds will only change hands if they provide what was agreed.
- Composable products: All applications are built on the same blockchain with a shared global state, meaning they can build off each other. This allows for better products and experiences and assurances that no-one can remove any tools apps rely upon.
NFT
Ethereum vs. Bitcoin
| Ethereum[2] | Bitcoin[3] | |
|---|---|---|
| Popularity | #2 | #1 |
| Type | Decentralized blockchain | Digital currency |
| Market cap | $222.4B | $568.1B |
| All time high | $4,891.70 | $68,789.63 |
| Circulating supply | 120.2M ETH | 19.4M BTC |
| Total supply | Infinite | 21M BTC |
- Since Bitcoin stands as the pioneering and most renowned cryptocurrency, drawing a comparison between Bitcoin and Ethereum proves highly beneficial when analyzing Ethereum. As Bitcoin's primary competitor, Ethereum is ranked #2 on most cryptocurrency platforms, while Bitcoin is ranked #1.
- While this section focuses on comparing Ethereum and Bitcoin, it's essential to acknowledge that they are not of the same kind. Ethereum operates as a decentralized blockchain, where cryptocurrency is merely one of its numerous applications. In contrast, Bitcoin exclusively functions as a cryptocurrency, akin to the virtual counterpart of a dollar.
