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Q:
What is the difference between Bitcoin and Ethereum?

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What is the difference between Bitcoin and Ethereum?

Criteria

Bitcoin

Ethereum

Concept

P2P currency

P2P currency and smart contract

Consensus mechanism

Proof of work

Proof of work/ Proof of stake

Hashing Algorithm

SHA-256

Ethash

Time is taken to mine a block

10 Minutes (approx.)

12-15 seconds

Reward

12.5 BTC

3 ETH

Transaction fee

Optional

A fee is calculated in gas

Value (8/21/18)

1 BTC = 6934.34 USD

1 ETH = 278.98 USD
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