The difference between Bitcoin NFT and Ethereum NFT
- Bitcoin's NFT is essentially attaching any data to the smallest unit of Bitcoin "Satoshi" Above, Ethereum’s NFT does not require any attachment, and any data itself is an NFT asset
- Bitcoin’s NFT must rely on “Satoshi”, which is one 100 millionth of a Bitcoin , so even if the attached data (NFT) is worthless, at least this NFT can be used as a gas fee, or be worth one hundred millionth of the price of a single Bitcoin. However, Ethereum's NFT cannot be used as a gas fee, and if the NFT price returns to zero, it itself will not make much sense.
- The maximum supply of Bitcoin is 21 million, which means that in theory there are only 210 trillion "Satoshis" at most, so there is an upper limit on the number of Bitcoin NFTs. There is no upper limit on the number of Ethereum NFTs or any Token types.
- In addition to these, there are many differences between Bitcoin and Ethereum’s NFTs. The core reason for these differences is that Bitcoin does not support smart contracts, while Ethereum’s programming language Solidity supports smart contracts. of preparation.