Cryptocurrency Ethereum is a virtual coin and platform used for the development of online services, which is decentralized and based on blockchain technology. This is a unique development, the creator of which is Vitalik Buterin. When launching the project, the development team pursued the main goal – to provide the cryptocurrency community with a virtual coin devoid of the disadvantages of BTC.
Despite a number of common points, Ethereum and Bitcoin can hardly be called alike. There are many differences in them, including in the technologies and characteristics used. The emergence of ETH gave impetus to the development of new projects, including those based on smart contracts.
With that said, we can make an intermediate conclusion about what Ethereum is in simple terms. The term Ethereum refers to a powerful platform designed to create and operate decentralized blockchain-based applications using smart contracts. Ether (ETH) is the currency of the mentioned platform, which performs two functions:
- It is used as a unit for Btc to Eth calculator ;
- Provides the implementation of smart contracts, playing the role of “fuel” for the crypto network.
In other words, Bitcoin is a financial instrument (digital currency) that allows you to conduct transactions without intermediaries with a small commission and keeping users anonymous. In turn, Ethereum is both a decentralized platform and a cryptocurrency that is an internal means of payment. This means that Bitcoin can be used only in the financial sector, and Ethereum, thanks to the presence of “smart” contracts, in many areas of life.
One of the main innovative properties of ETH, which has attracted the attention of not only individuals, but also corporations, is the ability to use it both as a means of payment and as a means of registering transactions with other assets without traditional legal procedures. The authors themselves called ether a “crypto fuel” for the execution of smart contracts.
Another difference between ETH and bitcoin calculator is the prospect of switching to a qualitatively different energy efficient method of emission – POS (proof of stake). The network will consume only the energy that is needed to support transactions, and the weight of votes and the reward will be determined not by computing power, but by the amount of funds of the network participants. In a way, it will be like a bank deposit with interest: the more money you have, the more income you get. Ether continues to grow in popularity as a digital asset. Services that work with ETH along with BTC are gradually appearing on the market. At the same time, the technical capabilities of ETH are objectively higher than those of BTC to Eth calculator , which makes ether an attractive investment target.
A Few Tips for Btc to Eth Calculator
- Exchange Bitcoin (BTC) to Ethereum (ETH)
The table below shows all the exchangers that change Bitcoin (BTC) → Ethereum (ETH) calculator at the best exchange rate. When choosing an exchange site, you should pay attention to the Ethereum currency reserve.
- You can do this on any cryptocurrency exchange. After opening Coinmarketcap, select the Bitcoin section and select the exchange at the best rate (if you do not have an account for any of them yet).
After registration, create a deposit in BTC and open an order to buy Ethereum.