Ethereum is expected to surpass Bitcoin as the leading currency in the future

Ethereum is expected to surpass Bitcoin as the leading currency in the future

Bitcoin and Ethereum are the two major cryptocurrencies in the world. In the past decade, Bitcoin has accounted for a large portion of the total market value of the cryptocurrency market. In fact, Bitcoin is very popular. When people hear the word "blockchain", the first thing that comes to mind is bitcoin. Bitcoin news is also the most popular in the field of cryptocurrency. Any cryptocurrency news agency will talk about bitcoin before talking about other cryptocurrencies.

Ethereum is also very popular, but not as popular as Bitcoin. However, Ethereum has more use cases than Bitcoin, which is why the famous digital asset investor Novogratz predicts that Ethereum will be able to surpass Bitcoin in the future.

Bitcoin vs Ethereum, who is the last winner

Galaxy Digital's CEO Mike Novogratz confidently talked about the future of Ethereum in a keynote speech at the Ethereum Summit. Today, technology giants control the Internet and the data transmitted over the Internet. In addition, there is concern about the theft rate of data.

Proponents of blockchain technology have come up with a solution called Web 3.0. Web 3.0, also known as Web technology, will free the world from the shackles of centralized technology giants and make the Internet profitable for content generators.

Novogratz said that Ethereum has the ability to rule this new era. He said that when the world fully embraces the convenience brought by blockchain technology, Ethereum will likely become the most important blockchain in the field. As long as the Ethereum blockchain is successful, this is not difficult.

The Ethereum blockchain is a multi-functional blockchain, and the main proposition of Bitcoin is to become a valuable store. Ethereum can be used to host other blockchains and distributed applications. The ICO can launch the Ethereum blockchain before migrating to the main network. It can be used to create automated smart contracts, and Ethereum can be a valuable storage like Bitcoin.

Some new blockchains are faster and cheaper than the Ethereum blockchain. However, Novogratz said that they will not pose any real threat to Ethereum, because Ethereum is already far ahead.

When it comes to smart contracts and decentralized applications, more than 50% of developers still use Ethereum and prefer Ethereum. If Serenity succeeds, more developers will switch from other blockchains to Ethereum. Therefore, Novogratz's prediction of Ethereum is not without basis. (continuous chain)