It is 6 years newer and further developed compared to the Bitcoin blockchain (released in 2009). Ethereum’s blockchain is a further advanced version of Bitcoin’s blockchain. It fixes some of its issues and introduces new features such as smart contracts.

While you can download the original software Bitcoin Core protocol (which stores a ledger of all transactions since 2009 and takes up a lot of space), most wallets in use today are “light” wallets, or SPV (Simplified Payment Verification) wallets, which do not download the entire ledger but sync to it.

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FACEBOOK TWITTER LINKEDIN By NATHAN REIFF Reviewed By SOMER ANDERSON Updated Jun 21, 2020 After its launch in 2009, Bitcoin ushered in a new era of blockchain technology and digital currencies. Given all the talk about Bitcoin, you'd think it would be everywhere.

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