The 3 major differences in Bitcoin and Ethereum that all Crypto investors should know

First, both coins were created with different goals. Bitcoin is designed to replace the fiat currency and, as a result, is used as a method of payment and as a deposit of value. Ethereum is a platform created to promote peer-to-peer contracts and its main goal is to help developers create and execute distributed applications.

Currency Cap

Bitcoin has a limited currency limit of 21 million bitcoins and that number, 17 million have been created. Ethereum does not have a strong currency limit, although there seem to be plans to stop or reduce the issue in the coming years.

Block Creation

Creating Bitcoin blocks takes 10 minutes, while an Ethereum block is created every 15 seconds – although the goal is to get that number up to 12 seconds. Ethereum seems to have the upper hand because faster building blocks leads to faster confirmation rates.