What do the big pie and the second pie in the currency circle mean?

In the field of cryptocurrency, the “big pie” and the “second pie” refer to Bitcoin and Ethereum respectively. Bitcoin is the first cryptocurrency with the largest market capitalization and popularity, and is also known as a "store of value." Ethereum is a blockchain-based platform with an extensive developer community primarily used for developing decentralized applications. The two differ in purpose, technology, and development teams.

"Big Pie" and "Two Pies" in the currency circle

In the field of cryptocurrency, "Big Pie" and "Two Pies" are two commonly used common names used to refer to Bitcoin and Ethereum is the two major digital currencies.

Big Pie: Bitcoin

• Bitcoin is the first decentralized digital currency, launched in 2009 by Satoshi Nakamoto.
• It is the big brother in the cryptocurrency world, with the largest market capitalization and popularity.
• Bitcoin’s blockchain technology is the foundation of the cryptocurrency industry and is widely used in other fields.

Two Pies: Ethereum

• Ethereum is a blockchain-based distributed computing platform launched in 2015 by Vitalik Buterin.
• It is the second largest cryptocurrency after Bitcoin and has an extensive developer community.
• Ethereum’s smart contract capabilities enable the creation of decentralized applications (dApps) and other innovative applications.

The Difference Between Big Pie and Second Pie

While Big Pie and Second Pie are both cryptocurrencies in nature, they have some key differences:

• Uses: Bitcoin is primarily used as a store of value and medium of exchange, while Ethereum is widely used to develop dApps and other applications.
• Technology: Bitcoin uses the Proof of Work (PoW) consensus mechanism, while Ethereum uses the Proof of Stake (PoS) mechanism. PoS is more energy efficient than PoW.
• Development Team: Bitcoin is an open source project with no central development team, while the Ethereum Foundation is responsible for its development.

Why are they called "Big Pie" and "Two Pies"

The name "Big Pie" comes from the abbreviation of Bitcoin, BTC, which is similar to "pie chart". Due to Bitcoin’s leading position, it is known as the “big pie.”

"Er Cake" is derived from "Big Cake". Ethereum ranks second in market share, so it is vividly called the "two pie".

The above is the detailed content of What do the big pie and the second pie in the currency circle mean?. For more information, please follow other related articles on the PHP Chinese website!