The tokens on the Ethereum blockchain are called Ether, and the code is ETH. It can be traded in the foreign exchange market of many cryptocurrencies. It is also a medium used to pay transaction fees and computing service fees on Ethereum. Thereum (English Ethereum) is an open source public blockchain platform with an open source. It provides decentralized virtual machines ("Ether Virtual Machine" Ethereum Virtual through its dedicated cryptocurrency Machine) to handle point -to -point contracts. [Extended information] What is the difference between Ethereum and Bitcoin: . Different direction of ETH and Bitcoin The direction of the chain system is completely different. The positioning of Bitcoin is a simple digital currency, which can be considered a point -to -point electronic cash. It was born to replace fiat currency and solve the financial crisis, and is mainly used for payment and value transfer. Therefore, the entire blockchain network behind Bitcoin is mainly currency to solve the problem of transactions and payment. ETH is different. Although it is also a digital currency and has certain trading attributes, the Ethereum blockchain network positioning behind ETH is a world -class general computing platform. Based on the development of operating system -level applications towards the Internet. . The role of ETH and Bitcoin is different Due to the different positioning of Ethereum and Bitcoin, the digital currency effects of the two are also different. The direction of Bitcoin is currency and wants to be a substitute for conventional currencies. Therefore, in the Bitcoin system, its digital currency BTC is an extremely important part. It can be said to be the ultimate manifestation of the entire system. Its role is to be the medium and value storage of the payment transaction. The goal of Ethereum is the operating system -level computing platform, which is more inclined to Internet services. Its value reflects how many users use the platform of Ethereum and your platform to provide me with high -quality services. Therefore, this determines that ETH is just an important link in the Ethereum platform, but it is not the value of all platforms. It is just a monetary tool for improving service quality and dealing with transactions on Ethereum, so Transactions and applications are more convenient. Therefore, although Bitcoin and Ethereum are digital currencies, Bitcoin wants to become a alternative to fiat currency. As a decentralized electronic cash system, the entire system is more like using blockchain technical support A specific application. three, the principle of ETH and Bitcoin mechanisms is different Bitcoin is different from Ethereum. In the Bitcoin blockchain network, the consensus mechanism that plays the role of data maintenance is the POW mechanism, that is, the workload certificate mechanism. Its working principle is that everyone can participate together, who can get the right to record data, and then get Bitcoin rewards. Because the application direction of Bitcoin is currency, the use scenario is a point -to -point payment and transaction without the participation of centralized institutions, so Bitcoin strongly needs to be decentralized and security. Slow, and it takes a lot of resources, but the degree of safety and decentralization is extremely high, so it is in line with Bitcoin. The POS consensus mechanism is adopted by Ethereum, that is, the rights and interest certificate mechanism. Its working principle is that everyone participates together. award. The application direction of Ethereum is an operating system. It is to let everyone deploy smart contracts and develop decentralized applications on its system. Although Ethereum also needs decentralized attributes, it requires high efficiency and low cost compared to Bitcoin. Otherwise, the efficiency of your platform data processing is too slow, and the handling fee is high. Who wants to develop on your platform? Therefore, Ethereum adopts the POS mechanism. Although the decentralization of POS is not strong, the efficiency is faster, and the processing data does not require very large resources. 4. ETH and Bitcoin token ecology are different eth and Bitcoin token ecology. Because Bitcoin is to make money, the support point of its value ecology lies in consensus value, that is, how many people recognize it and use it for transactions. Therefore, Bitcoin's token design is actually an economic model of definition contraction, which limits only 21 million Bitcoin. This is because of scarcity, the price will become higher and higher, and it is easier to obtain consensus value. And Ethereum is different, the point that supports its value ecology is the product, that is, what kind of services the entire platform provides, and what kind of pain points are solved, similar to Android systems, WeChat and other products. Ethereum is the Ethereum platform of the Ethereum platform One tool can be used to buy GAS for other use scenarios such as handling fees and fundraising. Therefore, in the token design of Ethereum, Ethereum does not limit the number. The maximum circulation limit is 18 million per year. The difficulty of mining will increase over time. The relative inflation rate will decrease every year. In general, although ETH and Bitcoin are digital currencies, the entire blockchain system represented by each other has different functions, principles, ecological values, etc. Ethereum is an operating system -level computing center. Ethereum has broken the positioning of the original digital currency and created a new direction based on Bitcoin. In addition to its own currency value, it also includes the value of the entire product. This is unprecedented. In one point, we can understand why Ethereum is the representative of blockchain 2.0.
The tokens on the Ethereum blockchain are called Ether, and the code is ETH. It can be traded in the foreign exchange market of many cryptocurrencies. It is also a medium used to pay transaction fees and computing service fees on Ethereum.
Thereum (English Ethereum) is an open source public blockchain platform with an open source. It provides decentralized virtual machines ("Ether Virtual Machine" Ethereum Virtual through its dedicated cryptocurrency Machine) to handle point -to -point contracts.
[Extended information]
What is the difference between Ethereum and Bitcoin:
. Different direction of ETH and Bitcoin
The direction of the chain system is completely different. The positioning of Bitcoin is a simple digital currency, which can be considered a point -to -point electronic cash. It was born to replace fiat currency and solve the financial crisis, and is mainly used for payment and value transfer. Therefore, the entire blockchain network behind Bitcoin is mainly currency to solve the problem of transactions and payment. ETH is different. Although it is also a digital currency and has certain trading attributes, the Ethereum blockchain network positioning behind ETH is a world -class general computing platform. Based on the development of operating system -level applications towards the Internet.
. The role of ETH and Bitcoin is different
Due to the different positioning of Ethereum and Bitcoin, the digital currency effects of the two are also different. The direction of Bitcoin is currency and wants to be a substitute for conventional currencies. Therefore, in the Bitcoin system, its digital currency BTC is an extremely important part. It can be said to be the ultimate manifestation of the entire system. Its role is to be the medium and value storage of the payment transaction. The goal of Ethereum is the operating system -level computing platform, which is more inclined to Internet services. Its value reflects how many users use the platform of Ethereum and your platform to provide me with high -quality services. Therefore, this determines that ETH is just an important link in the Ethereum platform, but it is not the value of all platforms. It is just a monetary tool for improving service quality and dealing with transactions on Ethereum, so Transactions and applications are more convenient. Therefore, although Bitcoin and Ethereum are digital currencies, Bitcoin wants to become a alternative to fiat currency. As a decentralized electronic cash system, the entire system is more like using blockchain technical support A specific application.
three, the principle of ETH and Bitcoin mechanisms is different
Bitcoin is different from Ethereum. In the Bitcoin blockchain network, the consensus mechanism that plays the role of data maintenance is the POW mechanism, that is, the workload certificate mechanism. Its working principle is that everyone can participate together, who can get the right to record data, and then get Bitcoin rewards. Because the application direction of Bitcoin is currency, the use scenario is a point -to -point payment and transaction without the participation of centralized institutions, so Bitcoin strongly needs to be decentralized and security. Slow, and it takes a lot of resources, but the degree of safety and decentralization is extremely high, so it is in line with Bitcoin.
The POS consensus mechanism is adopted by Ethereum, that is, the rights and interest certificate mechanism. Its working principle is that everyone participates together. award. The application direction of Ethereum is an operating system. It is to let everyone deploy smart contracts and develop decentralized applications on its system. Although Ethereum also needs decentralized attributes, it requires high efficiency and low cost compared to Bitcoin. Otherwise, the efficiency of your platform data processing is too slow, and the handling fee is high. Who wants to develop on your platform? Therefore, Ethereum adopts the POS mechanism. Although the decentralization of POS is not strong, the efficiency is faster, and the processing data does not require very large resources.
4. ETH and Bitcoin token ecology are different
eth and Bitcoin token ecology. Because Bitcoin is to make money, the support point of its value ecology lies in consensus value, that is, how many people recognize it and use it for transactions. Therefore, Bitcoin's token design is actually an economic model of definition contraction, which limits only 21 million Bitcoin. This is because of scarcity, the price will become higher and higher, and it is easier to obtain consensus value. And Ethereum is different, the point that supports its value ecology is the product, that is, what kind of services the entire platform provides, and what kind of pain points are solved, similar to Android systems, WeChat and other products. Ethereum is the Ethereum platform of the Ethereum platform One tool can be used to buy GAS for other use scenarios such as handling fees and fundraising. Therefore, in the token design of Ethereum, Ethereum does not limit the number. The maximum circulation limit is 18 million per year. The difficulty of mining will increase over time. The relative inflation rate will decrease every year. In general, although ETH and Bitcoin are digital currencies, the entire blockchain system represented by each other has different functions, principles, ecological values, etc. Ethereum is an operating system -level computing center. Ethereum has broken the positioning of the original digital currency and created a new direction based on Bitcoin. In addition to its own currency value, it also includes the value of the entire product. This is unprecedented. In one point, we can understand why Ethereum is the representative of blockchain 2.0.