Is Bitcoin or Ethereum a better protocol for developers?
In a Twitter thread, Tony Cai, CEO of Bitcoin-based DeFi platform Atomic Finance and former Ethereum builder, discussed the experiences of building apps on both networks and the strengths and weaknesses of each.
Bitcoin’s Advantage: Security and Focus
- Bitcoin’s programming language, Discrete Log Contracts (DLCs), is more secure than Ethereum’s smart contracts, which have seen coding mistakes and exploits leading to millions of dollars lost.
- Bitcoin’s development experience benefits from a “laser focus” on innovation, while Ethereum’s fast-moving community can lead to distractions.
Ethereum’s Advantage: Expressiveness and Dev Infrastructure
- Ethereum’s programming language, Solidity, is simpler for developers and has a more welcoming infrastructure with tools like Truffle Suite and Infura.
- Ethereum has a more structured approach to funding and development, thanks to its ICO and the Ethereum Foundation.
Developer Culture and Limitations
- Bitcoin developers focus on preserving the network’s integrity, while Ethereum developers explore new use cases.
- Bitcoin’s applications and startups are limited to lightning network micropayments, fiat on-ramps, multisig providers, and bitcoin rewards.
Hot Take
Both Bitcoin and Ethereum have their advantages and limitations for developers. Bitcoin offers security and focus, while Ethereum provides expressiveness and a supportive infrastructure. The choice depends on the specific needs and preferences of the developer.
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