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What is the difference between Bitcoin and Ethereum?
Bitcoin and Ethereum are the two most prominent cryptocurrencies, but they serve different purposes and operate on distinct principles.


Bitcoin (BTC):

  • Created in 2009 by Satoshi Nakamoto

  • Purpose: Peer-to-peer digital cash

  • Limited supply: 21 million coins

  • Consensus mechanism: Proof of Work (PoW)

  • Often called "digital gold" due to its store-of-value nature

Bitcoin is primarily used as a decentralized alternative to traditional currencies. It focuses on secure, immutable transactions and is often viewed as an investment asset or inflation hedge.

Ethereum (ETH):

  • Launched in 2015 by Vitalik Buterin and others

  • Purpose: A platform for decentralized applications and smart contracts

  • No fixed supply; ETH is used as "fuel" to run apps

  • Supports NFTs, DeFi, and DAOs

  • Transitioned to Proof of Stake (PoS) for better energy efficiency

While Bitcoin is more limited in functionality (by design), Ethereum offers a flexible, programmable environment that supports a wide variety of blockchain-based applications.

Both play vital roles in the crypto ecosystem: Bitcoin as a resilient store of value, and Ethereum as a foundation for innovation.

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What Our Community Says about Vynil
Don’t just take our word for it—hear from real Vynil users who have transformed their crypto experience. From seamless transactions to top-tier security, discover why people choose Vynil for their digital assets.
5.0
Absolutely love how quick and secure everything feels. Definitely one of the b..
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4.0
I had a few questions at first, but the support team responded quickly. Good j..
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4.0
The fees are reasonable and the transaction times are better than I expected. ..
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5.0
Really smooth experience using the exchange. The interface is clean and the ra..
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4.0
Decent platform. Some minor UI bugs, but the performance and speed make up for..
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5.0
This platform exceeded my expectations. I’ve already recommended it to my frie..
Kenji Sato
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