What is the difference between Bitcoin and Ethereum consensus?

Both Bitcoin and Ethereum utilize a Proof-of-Work (PoW) consensus algorithm in which a global decentralized network of specialized hardware equipment secures the network in a process called mining. However, the Bitcoin consensus process has largely remained unchanged, while significant developments are happening in the Ethereum ecosystem.

What is the difference between Bitcoin and ether?

Bitcoin and Ether are both digital currencies, but the primary purpose of Ether is not to establish itself as an alternative monetary system (unlike Bitcoin) but to facilitate and monetize the operation of the Ethereum smart contract and decentralized application (dapp) platform.

Could new algorithms replace Bitcoin and Ethereum?

On the other hand, in technology, there is always something snapping at the heels of the front-runners. Newer and more efficient algorithms could replace either Bitcoin or Ethereum.

What is Ethereum (ETH)?

Ethereum (ETH) has received a lot of attention since its announcement at the North American Bitcoin Conference in early 2014 by Vitalik Buterin. As a natural consequence of its rising popularity, Ethereum has constantly been compared to Bitcoin (BTC), the first decentralized, digital currency.