Ethereum and Bitcoin became the symbols of the decentralized revolution we have observed in the last few years. With thousands of Bitcoin transactions and wonders happening on the Ethereum blockchain, those two platforms seem to have almost monopolized the market today.

Let’s then put it to the test – which one is better? Which one should you use for investment purposes? Would this be the more famous Bitcoin or the versatile Ethereum? Ultimately, Bitcoin and Ethereum networks work fabulously and are only made for good fun rather than some “clash of clans” situation.

Bitcoin, Ethereum, and all other cryptocurrencies are welcomed in the decentralized space, and we are happy to use the decentralized network to our advantage. The crypto market is one of the more welcoming ones, and we are more than happy to dive into some details about some of the more interesting coins that made the crypto community what it is today. So, without further ado, let’s dive into the Bitcoin network vs Ethereum blockchain – the ultimate fight to see which is the OG coin!

It starts with the usage of those platforms. What is it used for these days? How have the users utilized the potential of both networks? Is Bitcoin, as the first cryptocurrency in the shared knowledge, the one that will take the reign? Or should the many uses of Ethereum have the central authority over the subject? Well, let’s see which one was used in more ways!

Bitcoin

It is starting with – Bitcoin: the one, the only. The king of crypto has become almost synonymous with the cryptocurrency. As the Cato Institute suggests, Bitcoin is considered digital gold, as it mirrors what we created with real-life crypto. As Lawrance H. White states:

“Bitcoin is similar to a gold standard in at least two ways. (1) Both Bitcoin and gold are stateless, so they either provide an international base money that is not the creature of any national central bank or finance ministry. (2) Both provide a base money that is reliably limited in quantity (this is the grounding for Selgin’s characterization), unlike a fiat money that a central bank can create in any quantity it likes, “out of thin air.”

The dollar's value was reflected in gold reserves in the USA for years. Since then, the Gold Standard phrase has come to be used for various things. In essence, it’s used to assess whether or not the crypto world is in good condition. If the price of Bitcoin is going down, many others are also declining. Similarly, if it goes up, the whole market feels better. Additionally, it’s the transaction medium for peer-to-peer transactions, as it enables secure transfers with no intermediaries.

Ethereum

On the other hand, we have the Ethereum. Unlike Bitcoin, it’s not only a cryptocurrency, as it allows users to utilize it for many different reasons besides payment. As Tim Copeland from The Block states – it was the purpose of it. 

“Unlike Bitcoin which was conceived primarily for financial use, Ethereum's purpose was to serve as a platform for decentralized applications (dapps), a concept detailed in its whitepaper published in 2013. The whitepaper elucidated the fundamental principles of this novel technology and its potential applications, setting the groundwork for what would become a revolution in the blockchain industry.”

Ethereum is a rather important element of the Smart Contracts and DApps – Decentralized Applications. As a native cryptocurrency to the Ethereum blockchain, using it allows you to pay for stuff on it and create. Smart contracts and DApps are the future of decentralized networks, and we cannot underestimate their value.

Additionally, thanks to the qualities we mentioned, Ethereum is a natural place for all NFTs and Non-Fungible Tokens, which are also considered the platform's future. Its approach to the art world and intellectual property in the digital world is unique and will surely make an impact in the upcoming years.

Moreover, it’s a platform that allows innovation to flourish! For a reason, it has crowdfunding elements like the Initial Coin Offerings and the Initial Exchange Offerings, as it will enable even the smaller creators to make an impact in a democratized (at least compared to the traditional markets) environment.

Verdict

The answer to this question is pretty simple. Ethereum is the winner when it comes to the usage of this network. Bitcoin having the purpose of being the gold standard for the entire crypto sphere is an essential factor, and we do not want to underestimate that. Still, the sheer amount of quality that Ethereum brings to the table is astonishing.

The many uses of Ethereum, from NFTs through DApps, ending with ICOs, make it a platform for innovators and creative people. And those are the individuals who are changing the world, one token at a time.

Next, let’s focus on technology. Cryptos often reside on a friendly network, but in the case of those two – they have their Blockchains to live in. With new blocks being created every week and algorithms getting increasingly advanced, there seems to be unlimited possibilities for both chains. If that’s the case, let’s see which one will come out on top regarding the sheer technology aspect.

Bitcoin

Starting with – Bitcoin. Here, we have probably the most secure blockchain ever created. Thousands of users are protecting the transactions with a proof-of-work mechanism. How does it work? Well, those miners you often hear about are constantly solving complex problems with their computers to validate transactions on the Bitcoin blockchain. The demand is only growing, and more and more people are interested in mining, so security is only increasing. As the Cointelegraph reminds us: “A person or a group of people known as Satoshi Nakamoto created the Bitcoin protocol in 2008 to decentralize control of money when centralized entities had failed the world.”

Additionally, the main focus of this blockchain is to ensure that the Bitcoin is being safely stored and transferred, so it’s a bit slower than other chains. Transferring data or BTC is full of security considerations to prevent tampering with data transfer. Bitcoin (BTC) payments are much more secure than others.

Ethereum

On the other side, we have the Ethereum blockchain with dozens of possibilities. Ethereum is not only one of the most popular cryptocurrencies, but the blockchain also allows you to create other services. It may not be as secure as Bitcoin regarding sheer cryptography, but we can safely say that the consensus mechanism is almost as good as the Bitcoin PoW. 

It’s based on the PoW, but there are strong pushes to change it to the Proof-of-Stake validation. That way, it will be faster, more energy efficient, and enhance the whole product's scalability. It will probably also lower the transaction fees, as the proof-of-stake model is much cheaper to sustain as it uses less energy.

The technology of the Ethereum Blockchain also allows users to be creative and change things up a bit. With the advancement of Ethereum 2.0, it seems that the whole chain is going in the right direction.

Verdict

Similarly to the first point on this list, both Bitcoin and Ethereum have advanced technology that they use in order to meet the needs of the clients. In our opinion, Ethereum just offers more. Bitcoin is mostly the chain that allows the currency to flourish safely, while the Ethereum network is used for much more than that. Point to the Ethereum once more.

Next, we have the purpose category. Here, we will determine what the reasons for creating each network were and how it worked. Whether this would be Bitcoin being an alternative to the fiat currency or the creative aspect of Ethereum, they both have some reasons they were made. So, let’s inspect those and see which one made the most out of it.

Bitcoin

Bitcoin was initially created as an alternative to fiat currencies, and it seems to be doing it quite nicely. Despite its ups and downs, it seems to be doing better and better with each year. As a decentralized currency, it’s constantly considered a standard for online transactions. It’s pretty revolutionary, if you think about it, as it allows you to transfer money without the usage of any banking system whatsoever. The Bitcoin market cap is currently $884,940,007,500 and it seems to be only growing with time.

Ethereum

Ethereum, on the other hand, was created to become a platform for developers. The reason for it was to create DApps that would then later help in developing the crypto space as a whole. And – it managed to do just that. The automated processes and operations connected with smart contracts are also a big thing for further development. Implementing decentralized finance, non-fungible tokens, and DEXs would not be possible if not for the Ethereum network. It’s accomplishing all the goals it put up for itself, and indeed – it’s one of the more interesting blockchains to look forward to. When it comes to the market cap of Ethereum it’s currently $285,979,047,468.

Verdict

Here, we have a bit of a pickle, but in the end, the answer was right in front of us, like always. The apparent winner, in this case, is Bitcoin! Why? 

Well, the Ethereum network detailed the crypto space, for sure, but there is a good argument to be made that Bitcoin is keeping the whole thing together. If not for Bitcoin, there may not have been any other cryptocurrency ever created. 

Those unique digital assets are dependent on the computing power of miners that are making Bitcoin work. The key differences between the two networks can be summed up in one statement – one of those would likely not have any opportunities if the other did not exist. Point for Bitcoin!

Round four is all about the perspective of the Crypto of your choosing. In both cases, it seems that the platforms are making significant progress in creating some of the most advanced networks in the world. But – what lies in the future? Where will it all go in the end? Well, let’s find out and see, shall we?

Bitcoin

Starting with Bitcoin, we have to say that it’s a pioneer in digital currencies and is considered a golden standard for quality. Here, you simply cannot see the future of crypto without looking back at how Bitcoin is doing. Regarding market value and computational power, Bitcoin is where the whole world is looking to determine if decentralized markets are viable. 

Without it, at least at the moment of writing this article, it seems that there are little to no potential contenders who would take its place. It’s a hedge against the traditional systems, and its stability is critical for all crypto space.

Forbes is still on the side of Bitcoin, claiming that “[Bitcoin’s] resilient nature instills a belief of sorts in the minds of crypto enthusiasts who find value in investing in decentralized currencies.” And that’s all it takes to change the mind of many.

Ethereum

On the other hand, Ethereum is making great strides in developing its content. From something as simple as smart contracts and decentralized apps through NFTs to conquering the art world and intellectual property in the digital space, ending with many upcoming blockchain projects. 

It seems that the creativity of the Ethereum developers does not end anywhere near the finish line. We have to say that in the coming years, it’s essential to look at the development of Ethereum, as it seems to be only growing. We can see the future where Bitcoin is treated as the currency platform, while Ethereum is where the action happens. And no one will be sad if that would be the case. The Economist even predicts that the stake of crypto is dependent on the the flexibility of Ethereum.

Verdict

Ultimately, we just have to give this one to Bitcoin as well. The sheer amount of money it operates and the standard it sets for the whole community and market – cannot be understated. Although the flexibility of Ethereum and many innovations it has brought to light are things to be considered, it cannot compete with the sun that gives it light. In the end, the bigger boy won this round, only for the sake of size. And digital money, of course.

And so, the winner is – no one. Well, blockchain technology is the one that is getting the most out of all of it, but there is no transparent network that surpasses the other. As we have stated before, it seems that both of those will be big players in the foreseeable future. Implementing Ethereum's new concepts and Bitcoin's stability is essential in ensuring that the space will only grow.

The only thing left for us to do is to pay transaction fees and wait for new and exciting things to come up in the future. It’s a bright world ahead of us, and we will be delighted to see it flourish. And we welcome you to follow!

But before your departure, let’s quickly talk about where you can get those coins. Well, as it turns out, there are plenty of ways to accomplish that task, but there is no better, more secure, and more anonymous than our favorite Crypto Vouchers at RoyalCDKeys. With those, you can quickly get your coins with no issues, no flagging your account with crypto-related activity, only the quality product itself.

How does it work? It simply adds the number of coins you want to buy as a gift card that you can redeem in your digital wallet. You can keep it or transfer those coins any time you like.

But why would I do that? – you may ask. Well, in this day and age, it seems to be that everything is getting more and more advanced; we are having less and less privacy. So, if you want to keep your investments anonymous for various reasons, getting a Crypto Voucher is the best way to do so. The operation on RoyalCDKeys will only be flagged as a gift card purchase, and in no way, shape, or form will it be connected to the crypto world. Let’s see how you can get your digital currency with no problems.

Getting a Crypto Gift Card Step-by-Step

• Create or log in to your RoyalCDKeys account; 

• Buy a Crypto Voucher for the coin of your choosing;

• Next, go to Cryptovoucher.io;

• Click “Redeem”;

• Enter the code you have just purchased;

• The number of coins you are gifted will be transferred to your cryptocurrency wallet or the gift recipient.

You must only remember to redeem this gift card within 180 days, as it will not be in use anymore after that. Just make sure that market timing is right.