Galaxy Digital CEO Mike Novogratz said in a tweet, “Potentially, Ethereum can also strengthen in the coming period and surpass Bitcoin.” So, does Ethereum really have such potential and power? Although cryptocurrency experts and analysts have different opinions on this issue, we see that most of them are united in the “yes” answer.
One analyst commented: “I think it’s highly likely… Maybe we won’t see it in the current cycle, but when we enter Coinmarketcap in the next cryptocurrency cycle, we will see Ethereum in the first place, not Bitcoin. Why? Bitcoin is currently number one Being a cryptocurrency has both an advantage and a psychological impact. In addition, Bitcoin is currently the most decentralized cryptocurrency, making it stand out from the rest.
It is expected to move towards a more decentralized structure in the next cycle. On the other hand, one of the most criticized points for Bitcoin is the lack of high-end hardware required for mining. You cannot mine Bitcoin from your own laptop. Because high-end equipment is required. This brings an undemocratic structure.
A new process will begin with Ethereum 2.0. As Ethereum mining disappears, people will be able to make the transition by staking their Ethereum. A new process will begin with Ethereum 2.0. As Ethereum mining disappears, people will be able to make the transition by staking their Ethereum. Thus, it will bring a more democratic structure to Ethereum and you will be able to validate Ethereum on your own computer.
We can also read this as positive. In addition, I can say: While Bitcoin is a transfer tool, a store of value, Ethereum has these features and there is a whole Defi ecosystem behind it. In other words, it is a coin that is also used by Defi… From here, it can be said that Ethereum has more positive aspects.
With Ethereum 2.0, the widely criticized unlimited supply of Ethereum will also have disappeared, and it will even have a parallel supply with the decreasing “Ethereum burning”.
With Ethereum 2.0, the widely criticized unlimited supply of Ethereum will also have disappeared, and it will even have a parallel supply with the decreasing “Ethereum burning”.
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