Several popular blockchain platforms have emerged, each with its unique features and functionalities. Ethereum, often regarded as the pioneer of smart contract platforms, introduced the concept of programmable blockchain, enabling developers to build decentralized applications (DApps) and execute smart contracts. Its native cryptocurrency, Ether (ETH), powers transactions on the network and serves as a fuel for executing smart contracts. Ethereum’s flexibility and robust developer ecosystem have propelled it to become a go-to platform for various decentralized applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized exchanges (DEXs).
Bitcoin, the first and most well-known cryptocurrency, operates on its blockchain, which primarily serves as a peer-to-peer electronic cash system. Unlike Ethereum, Bitcoin’s blockchain is designed primarily for financial transactions, emphasizing security, decentralization, and censorship resistance. Bitcoin’s limited scripting language restricts its functionality compared to Ethereum, but it remains a dominant force in the cryptocurrency space, valued for its store of value properties and widespread adoption as a digital currency.
