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SHM
@shm
The competition between Ethereum and Bitcoin is based on their different goals and uses: Bitcoin: Focuses on becoming a digital currency and a store of value 💰 Ethereum: A platform for smart contracts and decentralized applications (DApps) 📱 Technologically, Bitcoin is simpler and mainly used for transferring value 💸, while Ethereum supports more complex applications ⚙️. Bitcoin uses the "Proof of Work" consensus mechanism ⛏️, while Ethereum is transitioning to "Proof of Stake" ⚖️, which consumes less energy.
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