Opinion: June 3, 2021. How is Ethereum Different that Bitcoin?

Ethereum and bitcoin are cryptocurrencies. They are both decentralized and based on blockchain technology. Both can hold value and be used as currency to exchange for goods and services. So far those are the similarities. From then onwards, they are very different.

Ethereum, as opposed to bitcoin is inflationary, meaning that its supply is not limited. This makes it less valuable than bitcoin as store of value, however, it has flexibility, meaning that if ethereum is "burned" at a certain rate, it may offset its inflationary nature.

Bitcoin was created to be essentially decentralized and to store value. Ethereum can do more things. Its blockchain can run applications and contracting and ethereum is the token in that world. Many of those applications create their own tokens and need ethereum to function. An example of this is the non-fungible tokens (NFT), based on ethereum.

Ethereum also has a higher transaction speed than bitcoin, making it preferable as a way of transacting goods or services.

In my opinion, both cryptocurrencies should be part of a person or business portfolio. The future will tell if their difference matters in terms of price gain

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