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Performance comparison of bitcoin Ethereum

Publish: 2021-05-29 03:21:38
1. bitcoin and Ethereum are both digital currencies. Bitcoin ranks first in market value, followed by Ethereum. After registering with the bitnet exchange, you can invest in them.
2. If bitcoin and Ethernet have different rules, do they have different ways of trading and investment
for a long time, Ethernet has been known as a strong competitor of bitcoin. It wasn't until Andreas antonopoulos claimed that Ethernet was no longer a competitor of bitcoin, which triggered a heated discussion on social networks
people begin to compare the two and discuss the differences in investment and transaction between the two digital currencies< According to Chris burniske, analyst and blockchain proct director of ark investment management company, bitcoin is more used for hedging, while Ethereum, which relies on Ethereum to execute smart contracts, is more seen as a trading tool
bitcoin and Ethereum systems are built on the basis of blockchain, in which transactions are recorded publicly, making currency and asset transactions more convenient and preferential, eliminating the cumbersome middleman
in December 2015, the price of Ethernet currency was less than US $1, but now it has risen to US $15, nearly 15 times in just six months. This achievement is attributed to Ethereum, whose financial contracts are completely executed by software, which has attracted a large number of users to invest
with the previous example of Ethereum, the success of Dao (decentralized autonomous organization) is no surprise. The crowdfunding platform supported by Ethereum raised nearly $150 million from more than 10000 anonymous users. Each participant is given the right to vote, they can allocate funds, choose projects, once the investment project is successful, they can also get a certain degree of dividend reward< There are 670 bitcoin ATMs in the world, and thousands of outlets support bitcoin payment. Unlike bitcoin, Ethereum has not yet emerged in the field of electronic payment. At present, the main purpose of Ethereum is to support Ethereum network (such as Dao) to run programs
David ccini, executive director of the strength in numbers foundation, said:
users' expectations of Ethernet are different from those of bitcoin. Both cryptocurrencies can be used for speculation, but the original function of Ethernet currency is to support the operation of applications. Therefore, users need enough Ethernet coins to run their own app. This is also the problem faced by Dao - unless Dao can continuously generate new Ethernet coins, the payment platform will be in danger of outage.
3. Bitcoin and Ethereum are both digital currencies. Bitcoin ranks first in market value, followed by Ethereum.
4. Bitcoin is an electronic currency proced by open source P2P software. digital currency is a kind of network virtual currency. Bitcoin is also paraphrased as "bitcoin.". Short for: BTC
bitcoin does not rely on specific currency institutions to issue. It is generated through a large number of calculations of specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
bitcoin is very similar to cash
the advantages of bitcoin are: no freezing, no tracking, no taxes, and extremely low transaction costs. Compared with people who speculate in currency, it is wealth, and people outside the currency circle may think it is a fraud
eth is a kind of digital token of Ethereum. Like other digital currencies, ETH can be bought and sold on the trading platform. Generally speaking, Ethereum is an open source platform, digital currency and blockchain platform, which provides developers with a platform to build and publish applications on the blockchain. Etheeum can be used to program, distribute, guarantee and trade anything, voting, domain names, financial exchanges, crowdfunding, corporate management, contracts and most of the agreements, intellectual property, and smart assets that benefit from hardware integration
bitcoin and ethereal currency are the mainstream digital currencies, which can be invested appropriately. There are risks in the transaction, so be cautious in investment. You can search the fire coin, coin security, OK, dobby trading platforms on the Internet, which can trade bitcoin. These are the relatively large trading platforms. Invest in the mainstream digital currency, do not invest in counterfeit currency or air currency.
5. From the perspective of currency, bitcoin is a real monetary system, with a fixed total amount (21 million), while ether coin is not fixed from the perspective of currency, and can be issued as needed, so there is no upper limit for ether coin. Bitcoin will continue to deflate in the long run, while ether, like the current legal currency system, will continue to inflate. So from the perspective of cryptocurrency itself, bitcoin will continue to increase in value, while ether may not (mainly depending on its circulation).
6. Compared with BCH and BSV, lightning bitcoin LBTC is also derived from bitcoin, and its original intention is to solve some shortcomings and defects of bitcoin itself. However, the biggest difference of LBTC is that it adopts dpos consensus mechanism instead of pow consensus mechanism. The most significant advantages of LBTC are as follows:

first, it greatly improves performance, As we all know, the number of transfers per second of bitcoin, that is, TPS, is only about 7, and other bitcoin forked coins using POW consensus mechanism are almost the same. The theoretical value of TPS of LBTC can reach 2800, and the current actual level can reach more than 1000, and the performance has been improved by several orders of magnitude. The slogan "fast as lightning" is by no means empty words. If you are interested, you can download a wallet from the official website of LBTC or Cobo to experience it

Second, it greatly reces the energy consumption and participation threshold. As we all know, the high energy consumption caused by POW mining represented by bitcoin has been criticized by the outside world. At the same time, because mining has already become a heavy asset instry, mining machinery, mining and other fields have been monopolized by a few big players, ordinary small and medium-sized investors and new manufacturers have little room to survive, It has formed a situation in which the strong are always strong. However, POS / dpos currencies only need ordinary PCs or even mobile phones to run wallets and stack, so as to obtain revenue

thirdly, it introces chain governance, which achieves a good balance between democracy and efficiency. At the same time, it encourages users to actively participate in community affairs through voting and staging mechanism. In the world of pow, power is power, simple and crude; In the world of POS, those who hold more money will have more right to speak and gain

in the world of dpos, it is not simply to see who holds more money. At the same time, it needs the extensive support of the community to exercise power on behalf of the community. At the same time, the majority of small and medium-sized users also have the opportunity to launch motions, express their demands, and participate in decision-making

because bitcoin has carried too many interests, we are very cautious about any improvement of bitcoin, and the pace is very slow, which leads to the division of the community and the proction of many forked coins. However, in fact, compared with bitcoin, the improvements made by BCH and BSV are quite limited, so the improvement in all aspects is also very limited

therefore, if you take a closer look at LBTC, you will find that it is actually a very interesting bitcoin fork coin. I think it is a very bold and imaginative experiment based on bitcoin. If lightcoin has been used as a testing ground for new technologies and new ideas for bitcoin in many cases, LBTC can be regarded as a testing ground for bitcoin with greater and more thorough changes

just mentioned, one of the biggest obstacles in the promotion and use of bitcoin is that TPS is too low to carry high-frequency transactions. Compared with bitcoin and some well-known bifurcated currencies such as BCH and BSV, the performance of LBTC is improved by several orders of magnitude, and the actual TPS can reach more than 1000

increasing TPS can rece verification time, but it will inevitably sacrifice security or decentralization. If TPS increases blindly, blockchain will completely sacrifice "decentralization". At the same time, the requirements on the miner's machine configuration will be more stringent. If it can not upload the transaction in time, it will proce more unfinished transactions, and the hidden danger will be greater. Although EOS uses 21 super nodes to achieve high efficiency, it also sacrifices some "decentralization" and security, and introces potential risks such as DDoS

in the past two years, many public chain projects blindly pursue high TPS, and often claim to have achieved tens of thousands, hundreds of thousands or even millions of TPS. In order to improve TPS, some project parties buy millions of equipment to test in a laboratory, which only plays a PR effect or amuses themselves. Such a high TPS is meaningless. Even if it can reach or close to such a number, for the current market demand, it also belongs to excess performance, which is bound to cause unnecessary waste of resources

according to the calculation of relevant research institutions, even if the public chain processes 100 million transactions every day, thousand level TPS is enough. It's worth noting that the TPS of Libra, which is to be launched by Facebook, is also around 1000. You should know that Facebook has as many as 2.7 billion users in the world, which should be determined by them after careful consideration

this means that LBTC's TPS can meet the needs of processing 100 million transactions per day, which is quite pragmatic and can fully meet the needs of global users in the next few years. Moreover, LBTC also has a high degree of scalability. With the further improvement of global Internet infrastructure, the performance of LBTC will continue to improve. It can be said that the current LBTC has found a good balance in the "Impossible Triangle" of efficiency, security and decentralization

in the view of many bitcoin fundamentalists, only the pow path chosen by Nakamoto is the only right way. POW consensus mechanism has experienced nearly 10 years of stable operation and continuous market test, and dpos has been more than 6 years since its birth. So how about doing an experiment to see what wonderful chemical reactions can be proced by combining bitcoin with dpos

if this dpos version of bitcoin can also withstand the continuous test of 10 years, will we still insist that only POW is the only right way for bitcoin? Of course, we don't have a definite answer to this question. Time will tell

although I also claim to be a believer of bitcoin, I think the existence of LBTC is very meaningful. This significance does not mean to replace bitcoin, or like some fans of other forked coins, I think that only the branch I support is the real bitcoin, but to explore more and wider possibilities in technology and form a useful supplement to bitcoin.
7.

bus route: m376, about 5.5km

1. Walk about 140m from fuyingmen to Bao'an daily station

2. Take m376, pass 10 stops, and reach Lijing international station

3. Walk about 360m to China Resources (venture store)

2

8. After passing the customs, take the East Rail from Lok Ma Chau to Kowloon Tong and transfer to the subway to Kwun Tong. After leaving the station, walk 700 meters to Manulife Financial Center
when you leave the station, go straight on Kaiyuan Road for 500m, turn left at the corner of Weiye street and walk for 200m.
9. The best-selling hummingbird H1, with a lot of configuration optimization, has obvious advantages compared with other instries
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