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Ethereum offers several advantages over Bitcoin, primarily due to its smart contract functionality. While Bitcoin is mainly a digital currency for peer-to-peer transactions, Ethereum is a decentralized platform that enables developers to build and deploy decentralized applications (dApps). This flexibility allows for a wide range of use cases beyond simple payments, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
Another key advantage is Ethereum\“s faster transaction processing times and ongoing upgrades, like Ethereum 2.0, which aim to improve scalability and reduce energy consumption. In contrast, Bitcoin\“s network can be slower and less adaptable to new technological advancements. |
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