Hey DEFI TIMES community, Bitcoin is KING! There’s no doubt about that. Already today, Bitcoin’s market capitalization is over one trillion dollars - and that’s pretty impressive for a payment network that launched only 12 years ago. However, Ethereum has been catching up in many different ways. Ethereum is by far the most used blockchain out there. It generates the most fees, has the biggest variety of applications, and the largest developer ecosystem.
Two quick comments:
1. Bitcoin uses a NEW address for every single Bitcoin transaction while Ethereum uses the same address for every transaction. This is why the active address count is higher -- even though Ethereum is used a lot more.
2. Ethereum POW uses the KECCAK-256 hashing algorithm while Bitcoin uses the SHA-256 hashing algorithm -- so one can't compare the hash rates as they mean different things.
Looking forward to being on the show soon!!