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Ethereum Is A Serious Threat To Bitcoins Status As The Number One Cryptocurrency

Ethereum And Bitcoin

The surge in Bitcoins price has been well publicized but its main rival in the Cryptocurrency space Ethereum is getting very little publicity. It is surprising considering the price in percentage terms has increase more with Ethereum than compared to BTC.

There is huge worldwide demand for all things crypto and blockchain related and Ethereum is capitalizing on this trend.

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Ethereum has many more possibility compared with Bitcoin and that is what is driving the price sky high. It is still a long way behind BTC but a lot will depend on what different technologies associated with each At the moment the U.S securities and exchange are looking to pass regulation on Ethereum. If they give it the green light it will definitely close the gap on it rival.

Bitcoin has had a huge advantage due to been the first cryptocurrency but there are still many matter that need resolving. These include things such as the size of the blocks that deal with all the blockchains transactions. If that matter can not be resolved Ethereum will be in waiting to steal the number one stop of the worlds favorite crypto.

It is going to be very interesting over the next few year to see if it can catch Bitcoin or if another rival rises up to become the number one cryptocurrency.

If other countries follow Japans lead to change laws on cryptocurrency then the bull market the space is experiencing will be nothing compared with the huge influx of new digital currency customers. It is exciting times and with the current adoption rate along with hundreds of new Blockchain businesses launching each month, it will not be long before crypto is a serious player in the worldwide currency market. Find out more by clicking the BBC News link below:

Blockchain’s Peter Smith speaks at the Consensus 2017 conference in New York The price of Bitcoin, a digital currency once at the fringe of finance, has risen to new records in recent months as digital assets move into the mainstream. On Tuesday, it shot past $2,200 (£1,700), […]

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This post was last modified on May 14, 2021 12:47 am

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Daniel

I am the founder of Bitcoin Casino No Deposit Bonus and have been studying concurrency technology since 2013. I have been traveling South East Asia for the last 6 years and am a huge gaming fans that takes part in eSports competitions. I love relaxing on a evening watching the sun set with a cold beer and great music. I also teach other travelers how to become digital nomads so they can become free of the system.

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