Vitalik Buterin, founder of Ethereum bitcoin and Ethereum He shared his views on what the biggest difference between them was. Ethereum’s potential to surpass Bitcoin has been a long-debated topic in the crypto community. According to Bitcoin’s staunch supporters, the biggest and original cryptocurrency is Bitcoin. Ethereum supporters, on the other hand, believe that Ethereum, the strongest altcoin, will eclipse Bitcoin in the coming years.
According to the Ethereum community, the biggest reason why ETH is superior to BTC is the abundance of different use cases it offers. Bitcoin, on the other hand, has little talent for both monetary policy and real-world applications. On the other hand, the use case of Ethereum continues to expand and evolve over the years. According to the Ethereum community, the biggest update to the Ethereum network has been the “decentralized finance” update.
Let’s Clear the Difference
The Staleborg Talks broadcast in English for the first time and hosted Ethereum co-founder Vitalik Buterin in the opening episode. Buterin talked about the differences between Ethereum and the leading cryptocurrency Bitcoin. Buterin put more emphasis on how both ecosystems work and are translated into value for local currencies.
Buterin said that the Ethereum network is much larger than the network’s native token, ETH. The Bitcoin blockchain got most of its value from the BTC price.
“The major difference between Ethereum and Bitcoin is that Bitcoin is a platform where the value of the ecosystem comes from the value of the currency, whereas in Ethereum, the value of the currency comes from the value of the ecosystem.”
In terms of use cases, Ethereum is a better investment in the long run, which is also believed by the crypto community. Due to the conveniences of the Ethereum network, the Ethereum blockchain will be much more valuable to the crypto industry in the future. Bitcoin, on the other hand, will fail if it does not follow this scenario.
Answering the question of whether Ethereum’s local currency, ETH, can surpass BTC, Buterin thinks that ETH may be more valuable than BTC in the future. Buterin expects ETH and the Ethereum network to be more valuable than Bitcoin in the future.
Ethereum vs Bitcoin!
Looking at data from YCharts, BTC last year 392.9% grew up. However, in the same period, ETH 822.7% grew up. Going further back, we can see the same performance from ETH, and from that perspective, it’s not hard to understand why the ETH community believes they can surpass BTC. Average growth also shows more positive numbers for ETH. Average of ETH 195.5 % In contrast to the growth rate, BTC average 90.90% has a growth rate.
Buterin isn’t the only one who thinks ETH will be more valuable, deVere CEO Nigel Green also thinks ETH will be more valuable than BTC “probably in five years”. Although the cryptocurrency world is currently led by BTC, investors and the community will fully embrace that ETH can be used more effectively over time.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.