Ethereum value is increasing so as is Bitcoins, but what do you think that from two of these which currency can dominate in Future??
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It is difficult to predict which currency will dominate in the future, as both Ethereum and Bitcoin have their advantages. Ethereum's advantages include its smart contract capabilities, its more advanced technology, and its higher transaction throughput. Bitcoin's advantages include its established network, its status as the first cryptocurrency, and its strong brand recognition. Ultimately, it is up to the markets to decide which will emerge as the dominant cryptocurrency in the future.
6 Answers
Bitcoin and Ethereum always had strong competition. But if you will have the choose the best one for better future then according to me, Ethereum is that one.
There are several advantages of Ethereum over Bitcoin, some of which are mentioned below:-
1. Ethereum is a relatively new platform so there is much more availability of coins.
2. Ethereum helps in fundraising with maximum impact.
If you want to know more benefits of Ethereum over Bitcoin then you can just take a look at Ethereum economics. Here you can read in details about both of these.
Currently Ethereum's market capitalisation is far behind Bitcoin, this shows people are more interested in Bitcoin than Ethereum. Bitcoin have "Hard Fork" to attract people, while Ethereum have "Smart Contract".
Both BTC and ETH use POW protocol for mining of currency, while ETH also have POS protocol which bitcoin do not have. Yet Hard Fork helps Bitcoin to overcome the POS profit, while ETH will manage with Smart Contract to be used as easy transection for salaries for blockchain jobs.
Both BTC and ETH use POW protocol for mining of currency, while ETH also have POS protocol which bitcoin do not have. Yet Hard Fork helps Bitcoin to overcome the POS profit, while ETH will manage with Smart Contract to be used as easy transection for salaries for blockchain jobs.
It is hard to predict which currency will dominate in the future, as both Ethereum and Bitcoin have their advantages and disadvantages. Ethereum has the advantage of having smart contracts and being able to facilitate more complex transactions, while Bitcoin has the advantage of being more widely accepted and having a larger network. Ultimately, which currency will become the dominant one will depend on the market's sentiment which could change over time.