A Quick Overview of Cryptocurrency Basics: Bitcoin and Ethereum
· Bitcoin uses proof of work (PoW). In September 2022, Ethereum switched from proof of work to proof of stake (PoS) through “The Merge.”
· Bitcoin launched in 2009. It was originally designed as a peer-to-peer electronic cash system, with deliberately limited scripting capabilities.
$BTC and $ETH are the native coins of Bitcoin and Ethereum, but they have different design goals. Currently 82798.99.
· Bitcoin uses proof of work (PoW). In September 2022, Ethereum switched from proof of work to proof of stake (PoS) through “The Merge.”
· Bitcoin launched in 2009. It was originally designed as a peer-to-peer electronic cash system, with deliberately limited scripting capabilities.
$BTC and $ETH are the native coins of Bitcoin and Ethereum, but they have different design goals. Currently 82798.99.