Bitcoin, the world’s No. 1 crypto and the genesis of the current revolution in digital assets may one day bow down to a new king of the sector, speculates a researcher.
Bitcoin’s major marketing point has been its claim by enthusiasts to be a store of value and as a currency to a lesser extent, but Ethereum’s network is viewed by many as a powerful, open-source, decentralized backbone off which a number of applications can be based. Ethereum also serves as the backbone of a number of popular and groundbreaking platforms, including decentralized finance networks, or DeFi, nonfungible tokens, or NFTs, and DAOs, or decentralized autonomous organizations.A key upgrade to the Ether network, which includes a phased shift from a proof-of-work protocol to a proof-of-stake and increased storage capacity and processing power for smart contracts, is under way.
“These upgrades represent a major boost not just for Ethereum but for blockchain technology itself,” writes Green. “Ultimately, this will mean that its value will exceed that of Bitcoin—probably within five years,” he predicts.
Source: Digital Coin News (digitalcoinnews.net)
When Etherium 2.0 kicks in where it becomes deflationary (burns more tokens than it creates), I could see it surpassing Bitcoin (low inflationary) over time
If something overtakes the king, something else can overtake that. So long digital scarcity. bitcoin
That analyst name? Ethan Ethereum
Probs not until the average person can afford the gas fees to use it.
good
'Bitcoin... may one day bow down to a new king of the sector' Yep - gets it. $NANO is king:
Yep
Bitcoin is the only cryptocurrency that matters
Bad take
TOP CRYPTO PERFORMERS RIGHT NOW....
nice
Digital Monopoly money… 🙄
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