bitcoin
I just completed the installation of both Bitcoin-Core on one PC and Ethereum on another PC. Both computer now have a complete blockchain and running wallet.
My question is: Could I run both Ethereum and Bitcoin-Core on one PC ?
Are there any reason for not running both Ethereum and Bitcoin-Core on one single PC ?
Could there be interference as far as the internet access and ports, etc. ?
Speed is not an issue since that PC will be dedicated strictly to cryptos. Thanks
I am just summing up some points found on various website and forums, thanks to original authors.
While both the technologies focus on financial market and are based on a cryptographic blockchain with several programmatic features, they still differ significantly in many areas. For instance, Bitcoin is basically a cryptocurrency which was designed to replace the notes and coins in your pocket with a much reliable and easily available internet-based alternative. Whereas, Ethereum is a programmatic platform that can be utilized to build, deploy and implement ‘smart contracts’ equally contributed by human and computer counter-parties.
Both Bitcoin and Ethereum serve as currencies, they serve different purposes. Where Bitcoin is intended to be a general purpose currency, Ethereum’s Ether (its own internal currency) is used specially to finance the internal processes of Ethereum. In short, Bitcoin can be seen as an alternative currency whereas Ethereum is said to be the alternative law.
Both use encryption and time-stamping.
All transaction processors come to an agreement in Bitcoin about what happened and when according to the transmission and storage of the Bitcoin value token. Whereas, the same is taken care of by Ether in Ethereum, along with the agreement about all processing done in all shared programs on Ethereum World Computer.
source: A3logics
Another discussion in Quora
The short answer is that Ethereum is an application platform. Blockchain technology is useful for far more than keeping track of a currency's balances, and Ethereum lets developers build applications without having to build their own blockchain. These applications can interact with each other on the blockchain, so a library of useful functionality will gradually build up. Ethereum has shorter block times, which makes some applications more feasible. The Ethereum blockchain will transition from proof-of-work to proof-of-stake, which will affect the security of the blockchain and the value of ether.
The long answer is the full Design Rationale.
Best Answer
Yes if your hardware and software is compatible to all requirements. Please check both of them for their requirements.
Yes, main reason for me would be security, especially if you run it on a server, where if you use it on your desktop PC, there should be no concerns unless you install any another software, some software could contain some malicious code or a bug (ie. of the one of both wallets) which might harm your pc or even steal your coins. In general, there are many ways how your pc can be attacked/infected. There have been several exchanges which did make that mistake to put way to many wallets on one server.
Yes there could be if you use for both wallets same port number in your configuration. If you do not make any change, they will use their default ports which do differ and would work properly. It could also always be that some another application uses defined port.