05-06-2021, 11:18 PM
PSA: There is only one Bitcoin and one Ethereum. Beware of coins with similar names.
<!-- SC_OFF --><div class="md"><p>Considering the ETC and BCH pumps I thought this might be worthwhile to those new to crypto.</p> <p>Ethereum Classic (ETC) is not the same as the real Ethereum (ETH). They forked a long time ago, which is why they share the name. But nothing is being done on ETC. All those ERC-20 tokens live on ETH, not ETC. Don't be fooled.</p> <p>Same goes for Bitcoin. There is only one BTC. Bitcoin Cash (BCH), Bitcoin SV (BSV), etc are all forks of Bitcoin. Which means that they tried to make a change to BTC but failed, and ended up with a new coin.</p> <p>Just like ETH, the real Bitcoin network is the valuable one and that's why there is such a massive difference in price between BTC and the other Bitcoin forks.</p> <p>TLDR: Don't get fooled by similar names. There is only one BTC, and only one ETH.</p> <p>Good luck out there everyone!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FatBulkExpanse"> /u/FatBulkExpanse </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n6ageo/psa_there_is_only_one_bitcoin_and_one_ethereum/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n6ageo/psa_there_is_only_one_bitcoin_and_one_ethereum/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Considering the ETC and BCH pumps I thought this might be worthwhile to those new to crypto.</p> <p>Ethereum Classic (ETC) is not the same as the real Ethereum (ETH). They forked a long time ago, which is why they share the name. But nothing is being done on ETC. All those ERC-20 tokens live on ETH, not ETC. Don't be fooled.</p> <p>Same goes for Bitcoin. There is only one BTC. Bitcoin Cash (BCH), Bitcoin SV (BSV), etc are all forks of Bitcoin. Which means that they tried to make a change to BTC but failed, and ended up with a new coin.</p> <p>Just like ETH, the real Bitcoin network is the valuable one and that's why there is such a massive difference in price between BTC and the other Bitcoin forks.</p> <p>TLDR: Don't get fooled by similar names. There is only one BTC, and only one ETH.</p> <p>Good luck out there everyone!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/FatBulkExpanse"> /u/FatBulkExpanse </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n6ageo/psa_there_is_only_one_bitcoin_and_one_ethereum/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n6ageo/psa_there_is_only_one_bitcoin_and_one_ethereum/">[comments]</a></span>Kind Regards R