Cryptocurrency Giants – Ethereum and Bitcoin

This report explores the architecture, features, challenges, and applications of Ethereum and Bitcoin in token systems and decentralized file storage. It also discusses the similarities and differences between these two cryptocurrencies. Ethereum's architecture is based on the public blockchain and supports the development of the Ethereum Virtual Machine. The transactions within Ethereum are decentralized, immutable, and pseudonymous. Bitcoin supports security token systems and decentralized file storage. Both cryptocurrencies are based on distributed ledgers and secure cryptographic functions. The report concludes with insights for better conclusions.

nnin ead PT A T T M A TRu g h : CRY OCURRENCY GI N S – E HEREU ND BI COIN
r ptoc rrenc iant t ere m and itcoinC y u y G s – E h u B
ame o t e t dentN f h S u
ame o t e ni er itN f h U v s y
A t or noteu h ’s

1PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
Ta le o ontentb f C s
ntrod ction1. I u .............................................................................................................................................2
Part2. 1.......................................................................................................................................................2
ario A pect related to t ere m2.1 V us s s E h u ................................................................................................2
 Arc itect reh u .....................................................................................................................................2
 eat reF u s...........................................................................................................................................3
 allen eCh g s.......................................................................................................................................3
Part2. 2.......................................................................................................................................................4
 To en temk Sys s.................................................................................................................................4
 ecentrali ed ile tora eD z F S g ...............................................................................................................4
Part3. 3.......................................................................................................................................................5
i erence et een t ere m and itcoin3.1 D ff s b w E h u B ......................................................................................5
imilaritie et een t ere m and itcoin3.2 S s b w E h u B .......................................................................................5
oncl ion4. C us ...............................................................................................................................................5
e erence5. R f s...............................................................................................................................................6

2PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
ntrod ction1. I u
it t e rW h h i e o t e e o cr ptoc rrencie t ere m and itcoin a e ained a e le el os f h us f y u s, E h u B h v g hug v f
pop larit in t e recent time itcoin a t e ir t e er di co ered cr ptoc rrenc ic a ollo edu y h s. B w s h f s v s v y u y, wh h w s f w
t ere m a ter a ap o e ear T o lot o cr ptoc rrencie a e een di co ered in t eby E h u f g f f w y s. h ugh s f y u s h v b s v h
recent period t till t e e t o cr ptoc rrencie a e ained a ide le el o importance and, bu s h s w y u s h v g w v f
pop larit T e e t o cr ptoc rrencie are re arded a t e lar e t and al a le mode ou y [1]. h s w y u s g s h g s v u b f
cr ptoc rrencie T e report oc e on important a pect t at are in relation it t ere m T ey u s. h f us s s s h w h E h u . h
e c an ea le and imm ta le cr pto rap ic c rrencie a e t e capa ilit to dominate t e mar et ox h g b u b y g h u s h v h b y h k f
di ital c rrencie T e ario application t at are pported itcoin are al o con idered it in t eg u s. h v us s h su by B s s w h h
ne t part o t e report T e imilaritie and di erence et een itcoin and t ere m are al ox f h [2]. h s s ff s b w B E h u s
anal ed and di c ed it in t e report T e report t o ld concl de it a complete and rieyz s uss w h h . h hus w u u w h b f
mmar a ed on t e entire reportsu y b s h .
Part2. 1
ario A pect related to t ere m2.1 V us s s E h u
 Arc itect reh u T e arc itect re o t ere m i a le to pro ide a certain et o enerali ed– h h u f E h u s b v s f g z
prod ct T e e prod ct a e orm t e pillar or a e o t e t ere m arc itect re T eu s. h s u s h v f h s b s f h E h u h u . h
arc itect re o t ere m elp in t e de elopment o t e t ere m irt al Mac ine T eh u f E h u h s h v f h E h u V u h [3]. h
net or o t ere m i a ed on t e p lic loc c ain T i net or i t e o ndation a e ow k f E h u s b s h ub b k h . h s w k s h f u b s f
or ani ation and peer to peer application t at o ld e r nnin it in t e ame net org z s - - s h w u b u g w h h s w k.
T e comp tation it in t e arc itect re o t ere m o ld e per ormed it a lan a e onh u w h h h u f E h u w u b f w h gu g
tac a ed te code T e proce e o t ere m i a ed on loc c ain tec nolo T es k-b s by . h ss s f E h u s b s b k h h gy. h
analo o t e loc c ain tec nolo o ld e a ed on a ared pread eet T i orm ogy f h b k h h gy w u b b s sh s sh . h s f f
pread eet i a le to contain t e entire tran action o cr ptoc rrenc rom t e initial ta es sh s b h s s f y u y f h s g s.
ene er a ne er tran action o ld e added t e node o t e net or o ld e a le toWh v w s w u b , h s f h w k w u b b
eri t e tran action it a comple al orit m A ter t e proce o eri ication iv fy h s w h x g h [4]. f h ss f v f s
completed t e tran action o ld e added it in t e ared pread eet T e arc itect re o, h s w u b w h h sh s sh . h h u f
t ere m po e e an em edded pro rammin lan a e T i eat re it in t e arc itect reE h u ss ss s b g g gu g . h s f u w h h h u
o ld e elp l or e ec tin tran action c a deri ati e contract or mart contractw u b h fu f x u g s s su h s v v s s s.

3PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
i T e t ere m Arc itect re(F g 1: h E h u h u )
[3]
 eat reF u s T e tran action it in t ere m are decentrali ed T i o ld mean t at t e in ilt– h s s w h E h u z . h s w u h h bu
tem o ld e controlled a tomaticall T e tran action a ed on t ere m o ld e toredsys w u b u y. h s s b s E h u w u b s
on di erent comp ter and t e proce e are ein r n on a central er er ence t eff u s h ss s b g u s v . H , h
proce e it in t ere m are ne er o nd to o line T e t ere m cr ptoc rrenc i i lss s w h E h u v f u ff . h E h u y u y s h gh y
tr ted a t e are a ed on comple mat ematic and cr pto rap ic i nat re T eus s h y b s x h s y g h s g u s [5]. h
in ormation pa ed it in t e net or i imm ta le T e o ner ip o t e in ormation co ld ef ss w h h w k s u b . h w sh f h f u b
pro ed t e ri t l o ner t ere m al o pro ide a a t orm o torin o data and tv by h gh fu w . E h u s v s f s f f s g f hus
tran er t em it in a e econd t i al o a le to retain t e le el o pri ac tr t andsf h w h f w s s. I s s b h v f v y, us
decentrali ed orm o ndamental T e tran action per ormed t ere m arez f f fu s. h s s f by E h u
p e don mo T e per onal detail o t e ender o t e tran action co ld e re ealed onls u y us. h s s f h s f h s s u b v y
it t e permi ion o t e enderw h h ss f h s .
 allen eCh g s T e capacit o t e t ere m i t at t e are a le to per orm tran action in a– h y f h E h u s h h y b f 15 s s
econd erea i a o ld proce m c more tran action c a tp T ere ares wh s V s w u ss u h s s su h s 45,000/ s. h
ome c allen e ic i aced t ere m ne o t e prime c allen e i a ed on t e i es h g s, wh h s f by E h u . O f h h g s b s h ssu
o cala ilit it t e e le el o pop lation t e plat orm o ld not e a le to tain af s b y. W h h hug v f u , h f w u b b sus
lar er n m er o er it in t eir net or T e core c allen e it in t ere m i t atg u b f us s w h h w k [10]. h h g s w h E h u s h
t e o ld re ire t e tran action to e proce ed eac o t e in le node it in t eh y w u qu h s s b ss by h f h s g w h h
net or T e ma or c allen e it in t ere m o ld e a ed on ec rit it in t ew k. h j h g w h E h u w u b b s s u y w h h

4PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
tran action ario ro p o attac er di co er ne er a to penetrate it in t e proce os s. V us g u s f k s v w w ys w h h ss f
tran action T e e orm o cr ptoc rrencie are a ed on i le el o ine tran actions s. h s f f y u s b s h gh v f bus ss s s.
n rin t e ec rit it in t e tran actional proce e o ld e a le to pro ide a etter ormE su g h s u y w h h s ss s w u b b v b f
o er ice e perience to t e erf s v x h us s.
Part2. 2
 To en temk Sys s A to en it in t e itcoin tec nolo co ld e de ined a peci ic amo nt o– k w h h b h gy u b f s f u f
di ital a ed re o rce ic co ld e controlled or co ld e ed to et controlled it t eg b s s u s, wh h u b u b us g w h h
elp o anot er per on T e er o itcoin c rrenc a e elt t e need to appl t e to enh f h s . h us s f b u y h v f h y h k
a ed econom ne o t e application o itcoin it in to en tem i a ed on ec ritb s y. O f h f b w h k sys s s b s s u y [7].
T e cr pto to en t at o ld e a le to pa t e o e Te t o ld e re arded a a ec rith y k h w u b b ss h H w y s w u b g s s u y
to en T e to en co ld e o a ind o encr pted data T e e to en o ld e ta li a contractk . h k u b f k f y . h s k s w u s b sh
a ed on in e tment T e application pro ided itcoin it in ec rit to en tem areb s v s . h s v by b w h s u y k sys s
a ed on rin t e credi ilit Traditional inancial a ed tran action o ld e impro ed itb s b g h b y. f b s s s w u b v w h
t e impact o ec rit concern it in t e tran action T e e orm o ec rit to en o ld eh f s u y s w h h s s. h s f f s u y k s w u b
a le to remo e t e a ic need or middle per on T i o ld al o elp in red cin t e ee tob v h b s f s s. h s w u s h u g h f s
e paid to t e middlemen T e e ec rit to en o ld al o e elp l or mart contract ab h . h s s u y k s w u s b h fu f s s s
t e o ld e a le to red ce t e le el o comple it paper a ed or and co t inc rredh y w u b b u h v f x y, b s w ks s s u
it in t e compan it t e elp o ec rit to en t e traditional inancial a ed in tit tionw h h y. W h h h f s u y k s, h f b s s u s
o ld in ol e a lot o middlemen ic o ld increa e t e timer ta en or di erent orm ow u v v f , wh h w u s h k f ff f s f
e ec tion it t e remo al o t e e middlemen t e ec ritie it in t e tem o ld ex u s [8]. W h h v f h s , h s u s w h h sys w u b
a le to e ec te t e in tr ction in a a ter manner e to i le el o increa ed peed t eb x u h s u s f s . Du h gh v f s s s, h
ec rit to en o ld e a le to ain a a t n m er o attracti e in e tments u y k s w u b b g v s u b f v v s s.
 ecentrali ed ile tora eD z F S g – Anot er application t at i pported itcoin it in t eh h s su by B w h h
decentrali ed orm o ile tora e i t at t e e orm o ile tora e o ld allo t e er toz f f f s g s h h s f f f s g s w u w h us
mer e t e ni e de ice it in a common clo d a ed tora e plat orm it t e elp og h u qu v s w h u b s s g f [6]. W h h h f
t i plat orm er o ld e a le to tore t eir ile in a centrali ed tora e ic o ld eh s f , us s w u b b s h f s z s g , wh h w u b
c eaper T e o ner o de ice o o ld e a le to tore t e ile o ot er people et moneh . h w s f v s wh w u b b s h f s f h g y
rom ot er er a ed on t eir le el o contri tion n order to mea re t e le el of h us s b s h v f bu . I su h v f
contri tion t e relia ilit o t e tora e capacit o ld e en red ir tl i erent orm obu , h b y f h s g y sh u b su f s y. D ff f s f
c ec c a proo o retrie al tora e a ed proo t at o ld e a ed on cr pto raph ks su h s f f v , s g b s f h w u b b s y g hy
o ld e per ormed T e e application ma e e o T tec nolo and addre in osh u b f . h s s k us f DH h gy ss g f

5PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
content T e ad anta e o t e e orm o application are t at t e e ile o ld e toreds [9]. h v g s f h s f f s h h s f s w u b s
on t e clo d plat orm and o ld e a aila le to t e o ner at an point o time T e a e ah u f w u b v b h w y f . h y h v
i er le el o t ro p t ence t e relia ilit o torin t e ile and t retrie in t em i ah gh v f h ugh u . H , h b y f s g h f s hus v g h s
matter o i concernf h gh .
Part3. 3
i erence et een t ere m and itcoin3.1 D ff s b w E h u B
T e itcoin loc c ain co ld e t o t o a acco nt a ed on data a e t at are a le toh B b k h u b h ugh f s u s b s b s s h b
tore di ital orm o c rrenc T e n m er o itcoin are t limited to million ile t ere m does g f f u y. h u b f b jus 21 wh E h u s
not a e an limit on ard cap t t e a e aro nd million et er T e net or o t ere mh v y h s bu h y h v u 100 h s. h w k f E h u
co ld e de ined a a more op i ticated orm o con tr ction t at o ld e capa le o torin t eu b f s s h s f f s u h w u b b f s g h
code o comp ter application t at co ld e ed t e P in order to po er t e n m er os f u , s h u b us by h C U w h u b f
tran action ac o t e loc it in itcoin o ld e limited to a ile i e o M erea ins s [11]. E h f h b ks w h b w u b f s z f 1 B wh s
t ere m t e loc o ld e capped an element o aE h u h b k w u b by f g s.
imilaritie et een t ere m and itcoin3.2 S s b w E h u B
Alt o t ere are ome di erence et een t e e t o orm o cr ptoc rrencie et t ereh ugh h s ff s b w h s w f s f y u s, y h
are ome core ro p o imilaritie T e e cr ptoc rrencie are mainl a ed on di tri ted led ers g u f s s. h s y u s y b s s bu g s,
ic o ld depend on ec re orm o cr pto rap ic nction ot o t e e cr ptoc rrencie o ldwh h w u s u f f y g h fu . B h f h s y u s w u
attract a tantial amo nt o intere t rom a ide n m er o er and inancial a ed in tit tionsubs u f s f w u b f us s f b s s u s.
T i intere t o ld e a ed on eac o t e potential o t e c rrencie alon it ain o priceh s s w u b b s h f h s f h u s g w h g s f s [12].
oncl ion4. C us
a ed on t e a o e di c ion it co ld e concl ded t at t ere m and itcoin are t e mo tB s h b v s uss , u b u h E h u B h s
prominent cr ptoc rrencie t at are nearl dominatin t e mar et o cr ptoc rrencie T o t e ey u s h y g h k f y u s. h ugh h s
t o orm o c rrencie a e ma or le el o imilar a pect et t e are di erent in ome a pect inw f s f u s h v j v f s s s, y h y ff s s s
relation to a e and t re e it in t e di ital orld T i report oc e on t e arc itect reus g fu u us w h h g w . h s f us s h h u ,
eat re and c allen e aced t ere m and al o t e application o itcoin in t e domain o to enf u s h g s f by E h u s h s f B h f k
tem and decentrali ed ile a ed tora e T o t e t re o t ere m o ld e ncertain t eresys s z f b s s g . h ugh h fu u f E h u w u b u , h
o ld e an attracti e opport nit or in e tment it in t e orm o cr ptoc rrenc or capt rinw u b v u y f v s . W h h f f y u y f u g
potential orm o ain it in t e tec nolo T e itcoin cr ptoc rrenc a a lot o ector orf s f g s w h h h gy. h B y u y h s s f s f
impro ement and a e potential or al e and ro t T e la t part o t e report concl de itv h s hug s f v u g w h. h s f h u s w h
t e oc on t e ma or orm o imilaritie and di erence it in t e mar et o cr ptoc rrenc T ih f us h j f f s s ff s w h h k f y u y. h s

6PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
o ld e elp l or nder tandin t e lac it in t e cr ptoc rrencie and t pro ide in i t orw u b h fu f u s g h ks w h h y u s hus v s s gh s f
etter concl ionb us s.

7PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
e erence5. R f s
Pil in ton Marc " loc c ain tec nolo principle and application "[1] k g , . 11 B k h h gy: s s.
e earc and oo on
R s h h b k
di ital tran ormation
g sf s(2016): 225.
or et aen rian ce and ari a aro a a " ate tampin t e itcoin and t ere m[2] C b , Sh , B Lu y, L s Y v y . D s g h B E h u
le "bubb s.
inance e earc etter
F R s h L s (2017).
irai oic i " e inin t e et ere m irt al mac ine or interacti e t eorem pro er "[3] H , Y h . D f g h h u v u h f v h v s.
nI
nternational on erence on inancial r pto rap and ata ec rit
I
C f
F C y g hy D S u y pp prin er am, . 520-535. S g , Ch ,
2017.
en i in aoan ie on nin ai ian pin en and aimin an "An o er ie o[4] Zh g, Z b , Sh X , H g g D , X g g Ch , Hu W g. v v w f
loc c ain tec nolo Arc itect re con en and t re trend " nb k h h gy: h u , s sus, fu u s. I
i ata i ata on re
B g D (B gD C g ss),
nternational on re on
2017 IEEE I
C g ss pp, . 557-564. IEEE, 2017.
o ner Andrea " eein i nder tandin anomal detection in loc c ain it i ali ed[5] B g , s. S g s u s g: y b k h s w h v su z
eat re " nf u s. I
Proceedin o t e A M nternational oint on erence on Per a i e and i ito
gs f h 2017 C I
J C f
v s v Ub qu us
omp tin and Proceedin o t e A M nternational mpo i m on eara le omp ter
C u g
gs f h 2017 C I
Sy s u W b C u s pp, . 5-
A M8. C , 2017.
terin itali "A ne t eneration mart contract and decentrali ed application plat orm "[6] Bu , V k. x -g s z f .
ite
wh
paper (2014).
la er lorian and i e en er er " e ond cr ptoc rrencie a ta onom o decentrali ed[7] G s , F , Lu s B zz b g . B y y u s- x y f z
con en tem "s sus sys s. (2015).
t li on lan la and Adnan M A Ma o "A imple ec rit arc itect re or mart ater[8] N u , N h h , . bu- hf uz. s s u y h u f s w
mana ement tem "g sys . (2016).
a al ira[9] R v , S j.
ecentrali ed Application arne in itcoin loc c ain Tec nolo
D z
s: H ss g B 's B k h h gy " eill Media. O'R y ,
nc "I . , 2016.
Ta ca Paolo and e a tian idmann "T e c allen e aced loc c ain tec nolo ie Part[10] s , , S b s W . h h g s f by b k h h g s—
"2.
o rnal o i ital an in
J u f D g B k g no2, . 3 (2018): 259-281.
Pil in ton Marc " loc c ain tec nolo principle and application "[11] k g , . 11 B k h h gy: s s.
e earc and oo on
R s h h b k
di ital tran ormation
g sf s(2016): 225.

8PT A T T M A TCRY OCURRENCY GI N S – E HEREU ND BI COIN
terrieder oer lian oren and Martin tri a " itcoin and cr ptoc rrencie not or t e aint[12] Os , J g, Ju L z, S k . B y u s- f h f -
earted "h . (2016).