Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. It acts as a kind of Bitcoin for the Internet—a distributed, worldwide system for applications (DApps) that run exactly as programmed without any chance of fraud, censorship or third-party interference.

	Bitcoin	Ethereum
Created by	Satoshi Nakamoto	Vitalik Buterin
Native token	BTC	ETH
Consensus algorithm	PoW	PoS
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	5	27
Block time (secs)	600	12
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$5.0973	$17.48
Staking rewards (APR)	0%	3.31%

Bitcoin vs. Ethereum

Overview

Table of Contents

Comparison

Is Bitcoin faster than Ethereum?

Is Bitcoin cheaper than Ethereum?