When it comes to cryptocurrencies, there is always a lot of talk about Bitcoin. It is the original cryptocurrency after all and still the most well-known.
But Ethereum has been gaining a lot of ground lately, and some are even saying that it could eventually overtake Bitcoin. Let’s take a closer look at this possibility.
Bitcoin was the first cryptocurrency to ever be created, and it has remained the most popular one throughout its 10-year history. But Ethereum has only been around since 2015, and in such a short time, it has already managed to become the second-largest cryptocurrency by market capitalization.
So it’s not impossible to imagine that Ethereum could eventually surpass Bitcoin.
There are a few reasons why Ethereum could flip Bitcoin. For one, Ethereum’s blockchain is much more versatile than Bitcoin’s.
While Bitcoin was designed primarily as a digital currency, Ethereum’s blockchain can be used for much more than that. It supports smart contracts and decentralized applications, which gives it a lot more potential uses.
Another reason why Ethereum could flip Bitcoin is because it has much better scalability than Bitcoin does. The Bitcoin network can only handle about seven transactions per second, whereas Ethereum can handle about 15.
This might not seem like a big difference, but as cryptocurrencies become more popular, scalability will become increasingly important.
Finally, there’s the fact that Ethereum’s founder, Vitalik Buterin, is only 24 years old. That means he has his whole life ahead of him to continue working on Ethereum and making it better.
Whereas Satoshi Nakamoto, the pseudonymous creator of Bitcoin, seems to have disappeared completely and may never come back.
Of course, whether or not Ethereum will actually flip Bitcoin remains to be seen. It’s still early days for both cryptocurrencies, and a lot can change in the years ahead.
But it’s definitely not impossible to imagine Ethereum one day becoming more popular than Bitcoin.