Bitcoin and Ethereum Set Different Rules for Blocks and Token Supply

Bitcoin (BTC) and Ethereum take different approaches to producing blocks and managing their native assets, reflecting the networks’ distinct design aims. Bitcoin’s original design focused on peer-to-peer electronic cash. Ethereum was conceived as a programmable platform for smart contracts and decentralized applications. Bitcoin uses proof-of-work: miners use computing power to produce valid blocks. The network aims for a new block at an average interval of 10 minutes. That is a target pace, not a guarantee that every block will arrive exactly 10 minutes after the last one. Bitcoin’s protocol caps total issuance at 21 million BTC. At each 210,000-block milestone, the block reward falls by half, an event that occurs about every four years. The reward became 3.125 BTC per block after the Apr. 20, 2024, halving.

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