1. Smart Contracts: Ethereum supports smart contracts, which are self-executing contracts that are written in code and stored on the Ethereum blockchain. This allows for automated transactions and agreements to be enforced without the need for a third-party intermediary. For example, a smart contract could be used to automate the process of buying and selling a house.
2. Lower Transaction Fees: Ethereum transactions have much lower fees than Bitcoin transactions. For example, a Bitcoin transaction can cost anywhere from $0.10 to $50, while an Ethereum transaction only costs a few cents. This makes Ethereum an attractive option for those looking to send or receive payments quickly and cheaply.
3. Faster Transaction Times: Ethereum transactions are much faster than Bitcoin transactions, which can take up to an hour to confirm. Ethereum transactions are usually confirmed within minutes. This makes it a great choice for those looking to make quick payments.
4. More Flexible: Ethereum is much more flexible than Bitcoin, as it allows developers to create custom tokens and applications on the Ethereum blockchain. This makes it an attractive option for those looking to create their own blockchain-based projects. For example, developers can create their own cryptocurrency, or create a decentralized application (dApp) on the Ethereum blockchain.