The Untold Story of Ethereum vs Bitcoin: Vitalik's Perspective on Satoshi Nakamoto

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Introduction

Ethereum (ETH) and Bitcoin dominate cryptocurrency discussions, but few know the nuanced dynamics between their creators—Vitalik Buterin ("V神") and Satoshi Nakamoto. This article explores their technological legacies, philosophical differences, and why Vitalik questioned Satoshi's legacy despite Bitcoin's success.


Part 1: The Cryptographic Foundations of Bitcoin

Key Technologies Behind Bitcoin

  1. Asymmetric Encryption:
    Built on RSA (1977) and Elliptic Curve Cryptography (1985), enabling secure peer-to-peer transactions.
  2. Peer-to-Peer Networks:
    Popularized by Napster, P2P tech eliminated centralized intermediaries.
  3. Hashcash:
    Adam Back’s anti-spam algorithm evolved into Bitcoin’s Proof-of-Work (PoW) mechanism.

👉 Discover how blockchain innovations reshape finance

Pre-Bitcoin Digital Currency Experiments


Part 2: Bitcoin’s Launch and Satoshi’s Philosophy

The 2008 White Paper

Satoshi’s manifesto declared:

"A purely peer-to-peer electronic cash system without financial institutions."

Launched during the global financial crisis, Bitcoin critiqued traditional banking’s trust issues.

Technical Limitations


Part 3: Vitalik Buterin’s Critique and Ethereum’s Vision

Vitalik’s Assessment of Satoshi

Ethereum’s Improvements

👉 Explore decentralized apps on Ethereum


FAQs: Ethereum vs Bitcoin

Q1: Why does Bitcoin use more energy than Ethereum?
A1: Bitcoin’s PoW requires extensive computations. Ethereum shifted to energy-efficient PoS in 2022.

Q2: Did Vitalik ever meet Satoshi?
A2: No. Their "dialogue" was limited to code and public comments.

Q3: What’s Ethereum’s main advantage over Bitcoin?
A3: Programmability. Ethereum supports complex DApps; Bitcoin focuses on payments.


Conclusion

While Satoshi laid cryptocurrency’s groundwork, Vitalik challenged its limitations—driving innovation beyond Bitcoin’s original scope. Their differing legacies continue to shape blockchain’s evolution.


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