raaman
Valued Contributor
The Bitcoin is a peer-to-peer payment network, while the Ethereum facilitates the apps and smart contracts, using Ether. In other words, Bitcoin and Ethereum are both distributed public blockchain networks with different versions of blockchain technology with different purposes.
The miners are the people working on each network to validate each transaction. They earn Bitcoin (on the Bitcoin network) or Ether (on the Ethereum network) for their work. A smart contract is a digital version of a traditional contract.
A smart contract helps you exchange money, property, or any valuables using the blockchain technology without an agent or third party. In other words, a smart contract helps to program the terms of your contract like “if this happens, it should result in this happening”.
The miners are the people working on each network to validate each transaction. They earn Bitcoin (on the Bitcoin network) or Ether (on the Ethereum network) for their work. A smart contract is a digital version of a traditional contract.
A smart contract helps you exchange money, property, or any valuables using the blockchain technology without an agent or third party. In other words, a smart contract helps to program the terms of your contract like “if this happens, it should result in this happening”.