Bitcoin, the world’s No. 1 crypto may one day bow down to a new king of the sector, speculates a researcher. Bitcoin’s value in 2021 is up 57%, while Ether’s has risen 318%, at last check on CoinDesk.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 altcoins to buy, including one worth 20% more, per crypto analystAs the crypto market tops $2 trillion again, an analyst shares how he got into the red-hot industry right out of college — and 4 digital asset tokens he's bullish on
Read more »
'Leave Britney Alone' Creator Begins Hormone Replacement Therapy After Coming Out as Trans'I am transitioning & I have no more apologies to make for who I am' (via toofab)
Read more »
China may exploit Afghanistan's rare earths, and the world must keep Beijing in check, says analystAfghanistan is estimated to have between $1 trillion and $3 trillion worth of rare earth metals.
Read more »
Taliban Resurgence Could Threaten Afghan School Teaching Women To Code And Build Ethereum AppsFeresheteh Forough founded Code to Inspire to help Afghan women secure their professional financial future following the U.S. invasion. With the Taliban retaking control, her mission now faces an existential threat.
Read more »