In today's booming era of digital currency, Bitcoin and Ethereum are undoubtedly two shining stars. As representative cryptocurrencies, they have great influence and value in the market. So, what are the common features of Bitcoin and Ethereum? Let's explore it in depth.

From a technical perspective, Bitcoin and Ethereum are both based on blockchain technology, which is one of their most significant commonalities. As a distributed ledger technology, blockchain provides a solid foundation for the security and decentralization of digital currencies. Bitcoin blockchain is mainly used to process value transfer, while Ethereum's blockchain focuses more on the development of smart contracts and decentralized applications. This common underlying technology enables Bitcoin and Ethereum to have a high level of security and transparency.

In addition, Bitcoin and Ethereum both have a fixed issuance cap, which is also one of their common features. The total supply of Bitcoin is limited to about 21 million, while Ethereum adopts a fixed number of issuances per year to control the inflation rate. This scarcity design makes Bitcoin and Ethereum have the characteristics of value preservation and investment to a certain extent, attracting the favor of many investors and traders.

In terms of social influence, Bitcoin and Ethereum also have striking similarities. As the most well-known digital currencies in the world, they have not only changed people's perception of the traditional financial system, but also promoted the development and application of blockchain technology. The birth of Bitcoin opened the door to the era of digital currency, while Ethereum's smart contract function has brought unlimited possibilities for the wider application of blockchain technology. The two jointly promote innovation in the field of financial technology and lay a solid foundation for the future construction of the digital economy.

In addition, Bitcoin and Ethereum also have some similarities in market performance. They have both experienced dramatic price fluctuations, attracting the attention of a large number of speculators and investors. Whether it is Bitcoin's "crazy daily limit" or Ethereum's "shocking surge", it reflects the instability and risk of the digital currency market. However, it is this volatility that also provides opportunities for investors, and many people have obtained rich returns through Bitcoin and Ethereum.

In general, Bitcoin and Ethereum, as leaders in the field of digital currency, have many common characteristics. Whether it is technical foundation, issuance mechanism or social influence, they have demonstrated strong vitality and potential. In the future digital economy era, Bitcoin and Ethereum will continue to play an important role and lead the direction of innovation in financial technology. Let us wait and see and witness the brilliant future of these two digital currencies!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Speaking of Bitcoin and Ethereum, they can be said to be the two leading companies in the currency circle, and they have always been in a competitive relationship. We know that Bitcoin is the first mature blockchain technology application. It represents blockchain 1.0 and has certain currency attributes; while Ethereum is the first large-scale smart contract application platform. It represents the more advanced blockchain 2.0, which is highly ecological and can be used more widely. In the currency circle, Bitcoin and Ethereum are always mentioned together, and investors often compare the two. So what are the common characteristics of Bitcoin and Ethereum? Let the editor of the currency circle talk about it.

 What are the common characteristics of Bitcoin and Ethereum?

By definition, Bitcoin and Ethereum are both successful blockchain technology applications and are the most typical representatives. Specifically, Bitcoin is the only way to have blockchain technology, and Ethereum is the only way to realize that blockchain can be independent. Not only Bitcoin can have blockchain technology, but Ethereum also opened up the ideas and thoughts of the blockchain world. Because they are all applications of blockchain technology, the underlying basic ideas are the same. They are all point-to-point network nodes, public ledgers, and consensus-based algorithms, and they all maintain the network through mining.

 What is the difference between Bitcoin and Ethereum

Bitcoin is a peer-to-peer digital currency system. The entire system is based on the UTXO transaction model, focusing on the layout and recording of transactions and data structures. Ethereum, on the other hand, is a virtual machine. The full term should be a smart contract virtual machine, that is, a virtual machine that focuses on executing contracts according to the contract model.

So Ethereum is based on the Account model (some places also say EVM, which means smart contract virtual machine. Why do we say Account? It is an account model, and Ethereum is based on an account system). Although Ethereum has learned some basics from Bitcoin, it has also created a new model, providing ideas for later developers. At the same time, later developers and application developers basically choose one of these two models as their own application model.

In other technologies, hashing and proof of work are also different. Bitcoin is based on miners calculating the only correct hash value to prove the workload to obtain the right to record and package blocks, thereby obtaining rewards. This uses proof of work (Pow). Ethereum hopes to optimize this work, because the computing power of this mode of Bitcoin mining is relatively concentrated, such as the emergence of professional mining machines, which wastes electricity and social resources. Proposing a proof-of-stake mechanism (Pos) can avoid a certain concentration of computing power and waste of resources. Ethereum now has a hybrid of the two mechanisms, with different proportions, and will gradually transition to a full Pos mechanism in the future.

The currency issued by the Bitcoin system is called Bitcoin, and the currency issued by the Ethereum system is called Ether. Why does the blockchain application have this token? First of all, it does not mean that all blockchain applications must have token issuance. This is not a necessary condition. Why is there a token? Because it is used for internal settlement, maintenance and reward of the entire system operation. For example, the entire system of Ethereum is running. Each contract account initiates the execution of a certain contract. The entire network verifies the entire process of calculation. Miners need to pay computing power and electricity, etc. The token is the labor fee for them.

The issuance method and quantity of the two currencies. The total number of bitcoins is fixed, 21 million, issued by mining, one block every 12 minutes, and each block rewards 50 bitcoins. After four years, it will be reduced to 25, and so on. By 2140, almost all of them will be mined. Ethereum does not have a total upper limit, but the number of tokens issued each year is fixed, and the number of tokens issued each year is 0.3 times the total amount of pre-sold Ethereum.

The above content is the answer of the editor of the currency circle to the question of what are the common characteristics of Bitcoin and Ethereum. In fact, in essence, Bitcoin and Ethereum are both applications of blockchain technology, which is the same. The main advantage of Bitcoin is that it does not require a central agency to issue currency and make payments, and it can keep users anonymous, and its transactions cannot be revoked, but it still has a certain block capacity limit; the main advantage of Ethereum is that in addition to the functions of Ethereum and Bitcoin, it also has a Turing-complete contract language and built-in persistent state storage. In general, blockchain technology is a disruptive technology.