Essential crypto knowledge: Bitcoin and Ethereum
Many tokens and DeFi applications are built on Ethereum and its Layer 2 networks, while the Bitcoin mainnet is mostly used for transfers and storing value.
To make transfers on Ethereum, you need some ETH to pay gas fees; on the Bitcoin network, transaction fees are paid in BTC.
$BTC and $ETH are the native coins of Bitcoin and Ethereum, respectively, but they have different design goals.
What’s your take? Join the discussion in the comments.
Just my personal opinion, not investment advice.
Many tokens and DeFi applications are built on Ethereum and its Layer 2 networks, while the Bitcoin mainnet is mostly used for transfers and storing value.
To make transfers on Ethereum, you need some ETH to pay gas fees; on the Bitcoin network, transaction fees are paid in BTC.
$BTC and $ETH are the native coins of Bitcoin and Ethereum, respectively, but they have different design goals.
What’s your take? Join the discussion in the comments.
Just my personal opinion, not investment advice.