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What is the technical difference between BTC blockchain & ETH blockchain?
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BTC Blockchain

  • Here the consensus mechanism is Proof of Work and the release method when it started was through "genesis block mined". 
  • Here the algorithm is SHA-256, mining are ASIC miners.
  • The block time is 10 mins.
  • It has issues of scalability, however latest development like segwit, lightning network is aims to improve the scalability.
  • The cryptocurrency that is used in BTC Blockchain is BTC(Bitcoin).
  • It aims to offer a world wide decentralized distributed technology through which digital currency can be sent with out a third party and through peer to peer transaction.
  • It is the first ever decentralized blockchain technology released in the year 2008 & the founder is Satoshi Nakamoto.

ETH Blockchain

  • Here the consensus mechanism is Proof of Work and the release method when it started was through "presale".
  • Here the algorithm is Ethhash and mining are GPUs.
  • Block time is 12 seconds.
  • It offers better scalability than BTC blockchain and with recent second layer development like plasma, raiden it aims to improve its scalability further.
  • The cryptocurrency that is used in ETH blockchain is ETH.
  • It aims to offer more than just a cryptocurrency transaction and it offers a decentralized platform for running dApps and smart contracts which can be coded by programming language like solidity. It offers the enterprise level adoption of blockchain technology.
  • The ETH blockchain technology was released in the year 2015 and the founder is Vitalik Buterin.
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