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Ethereum versus Bitcoin
The main difference between Ethereum and Bitcoin is that Ethereum wants to be the place users go to execute their decentralized applications. In fact, its goal is to be a sort of massive, decentralized computer that executes smart contracts. That’s why many other cryptocurrencies can run on the Ethereum platform. The Ethereum blockchain forms a decentralized network where these programs can be executed.
Bitcoin is different in this sense. Its platform gets the miners to compete and solve complicated blockchain math problems. The first one who solves the problem is the winner and gets rewarded. But miners can use Ethereum’s platform as a co-working space to create their own products. They get compensated for providing the infrastructure so that inventors can cook their own new types of products. ssss1 covers cryptocurrency mining.
Ethereum characteristics
Here are some main attributes of Ethereum:
Ethereum’s token symbol for investors is ETH.
Ethereum is mineable.