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.

Ethereum

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).

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

Ethereum vs. Bitcoin

Overview

Table of Contents

Comparison

Is Ethereum faster than Bitcoin?

Is Ethereum cheaper than Bitcoin?