Question: What is the primary difference between Bitcoin and Ethereum in terms of their intended use?Select an answer:Bitcoin is a token running on Ethereum's blockchain, whereas

What is the primary difference between Bitcoin and Ethereum in terms of their intended use?Select an answer:Bitcoin is a token running on Ethereum's blockchain, whereas Ethereum is its own blockchain.Bitcoin is primarily used as a digital currency, whereas Ethereum is designed to support decentralized applications.Ethereum is primarily a store of value, while Bitcoin is used for decentralized finance applications.Ethereum is a digital currency, while Bitcoin is primarily used for smart contracts.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Health Services Research Health Research and Educational Trust DOI: 10.1111/1475-6773.12358 RESEARCH ARTICLE Racial and Gender Disparities in the Physician Assistant Profession Darron T. Smith and...

The first part of your review should include a summary of the author's main point or thesis. Review the author's evidence, structure, and overall presentation of this information. The second part of...

In December 1995, the flamboyant entrepreneur Michael "Mickey" Monus, formerly president and chief operating officer (COO) of the deep-discount retail chain PharMor, Inc., was sentenced to 19 years...

Managerial Accounting - 6th Edition by James Jiambalvo Chapter 14 - Problems 13, 14, and 15 (see attachment) Problem 14-13. Common-Size Financial Statements (p.564) Problem 14-14. Horizontal Analysis...

Question 1: The primary function of the real estate brokerage industry is A. match properties and customers. B. guide buyers and sellers through the complexities of real estate transactions. C....

1. The paper is expected to be at least 8 pages long (not including the title page, table of contents, references, and any appendices). 2- Table of contents (10% of total grade) 3- Introduction (10%...

What is the primary difference between managerial and financial accounting? O There is no significant difference between financial and managerial accounting. O Financial accounting data is based on...

What is the primary difference between unplanned and planned retail locations? Multiple choice question. Unplanned locations are not zoned for retail activities, whereas planned locations are....

Suppose a person must accept one of three bets: Bet 1: Win $100 with probability ; lose $100 with probability . Bet 2: Win $100 with probability ; lose $300 with probability . Bet 3: Win $100 with...

Consider the situation given in Example 17.3. After the Series C investment by Owl, is the Series A implied LP valuation lower than its original LP cost?

Among the components outlined for the medical management approach to be instituted in all infants when NEC is diagnosed is (Choose one) a. administration of antibiotics targeting anaerobic bacteria...

What is SQL DROP TABLE Statement??