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MAJOR Bitcoin Indicator Flashes BUYBitcoin acts as a digital currency, while Ethereum focuses on providing a platform for decentralized apps, or dApps. Bitcoin uses a proof of work process to. Compare Bitcoin and Ethereum in-depth: their similarities, differences, and unique features. Learn which one is right for you in this comprehensive guide. While Ethereum-based transactions tend to be far faster than Bitcoin transactions, there's a steep cost that comes with that convenience, known as gas fees.