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Who will win in the battle for cryptocurrency dominance?
ETH vs BTC
Here are the major reasons I prefer Ethereum over bitcoin for long term investing.
Bitcoin transaction times still high. Fees have not dropped after the hard fork. While the bitcoin price keeps rising it’s functionality isn’t. Segwit and the lighting network may fix the scaling issues and rising transaction fees but ethereum is already working.
The battle between Bitcoin cash vs Bitcoin is taking away mining power from Bitcoin and causing confusion in the market.
As more people start using crypto currency Decenteralized apps will become more common. Ethereum is ready for this bitcoin is not.
The benefits of smart contracts will continue to grow. We have barley scratched the surface of their potential.