Both ETH and BTC have certain investment value, and it is difficult to simply judge which one has an advantage. The following is an analysis from different perspectives:

• Core positioning: BTC was born in 2009, initially positioned as a peer-to-peer electronic cash system, later regarded as "digital gold", focusing on scarcity and security, primarily serving as a value storage tool favored by both institutions and retail investors. ETH was launched in 2015, positioned as a "global computer", emphasizing programmable finance and decentralized applications, serving as the engine for innovative scenarios such as DeFi and NFTs.

• Technical Features: BTC uses the PoW consensus mechanism, which has high security but consumes a lot of electricity, generating a block approximately every 10 minutes with limited transaction throughput. After the "merge" in 2022, ETH switched to PoS, reducing energy consumption, producing a new block every 12-15 seconds, with higher throughput, and can further lower transaction costs through Layer-2 solutions.

• Market performance: BTC has a larger market capitalization, deeper liquidity, and relatively smaller price fluctuations. ETH's market capitalization is less than that of BTC.