Without any doubt, the concept of cryptocurrencies cannot be ignored by anyone. They have attracted enough attention from all the relevant financial institutions from all over the world. Even some of the countries have decided to adopt these as a legal method of payment, like El Salvador.
However, one of the most significant things to consider is to take the number of options this market offers to those who want to participate in this market. Above all things, taking a look at the latest trends in this market is an absolute must. If you want to follow these carefully, be sure to visit krypto-guru.de.
We can see that Ethereum has become quite an important factor in this market, especially in the last couple of years. In fact, its position threatens the position of Bitcoin. That’s why we would like to discuss the reasons why we believe that Ethereum will overcome Bitcoin in the next decade.
1. Better Utility
The first promise made by developers responsible for the creation of Bitcoin is that this crypto will remain completely independent from all the institutions. At that time, this was an idea that attracted a lot of interest from all over the globe. However, this is about to change in the years to come.
The reason is the introduction of a new feature inside the crypto market. One of these is the appearance of NFT. It is the situation where Ethereum will step it up much more, according to a majority of the experts in this field. For instance, Ethereum is an option that has a much better utility than BTC.
At the same time, this crypto follows a concept that supports small contracts, which is definitely not the case with BTC. Finally, ETH doesn’t have any aspirations of displacing the dollar. Instead, it wants to provide the necessary help to this, and any other fiat currency out there, which is definitely helpful.
2. Faster Transactions
Anyone who has heard about the concept of cryptocurrency knows that they are highly popular because of faster transactions. When you take a look at Ethereum, you will see that this crypto can verify them in less than ten seconds. With BTC, it takes up to ten minutes for these to perform.
Of course, we’re talking about the average figures. By comparing these, it is easy to understand why ETH has a significantly better position. Not to mention that this pace will become much faster in the future. Despite that, ETH requires much less energy to perform these transactions.
Not to mention that comparing this approach with all the traditional methods, like bank cards. It is much faster than them. We can see that even the main developer behind ETH, Vitalik Buterin, has discussed the potential of this crypto, and what it can be done in the future in this aspect.
3. Distributed Apps
The next aspect we want to take into consideration is distributed apps. For those who are not aware of what these are, they are built on top of the blockchain. As you probably know, the blockchain is a system that doesn’t have any centralized servers and does all of its work on its own.
ETH is not something that would be described as a juggernaut these days. It’s because centralized web servers have much better capabilities. Still, many predictions show that the potential behind these distributed apps will certainly become much more significant in the future.
These days, we can see that many distributed apps can be found on Ethereum’s website. They are quite versatile. Meaning, it is possible to find trading platforms, video games, and all other relevant types users would be interested in taking a look at. We’re sure you will find something interesting for you.
4. Increased Popularity
As is the case with any modern technology, developers are interested in following all the latest trends. That’s why it is not surprising that the popularity of ETH attracts a high number of developers these days. There are practically no signs that something like this will change during the next decade.
With an increased number of developers, ETH will become much more adaptable and flexible than BTC. Not only that, but it also makes it a more scalable, and sustainable option. Meaning, it can help with making many more transactions than was possible with BTC.
Sure, BTC has this characteristic, but it will not be as powerful and efficient as ETH will be in the future. When you take a look at the number of developers who work on this technology, it is roughly 2,000. On the other side, the number of those who work solely on BTC is roughly is four hundred.
The last factor we want to take a look at is the environmental-friendlies component of Ethereum. We’ve already mentioned that it uses much less energy than any other crypto while completing transactions. There is one proof of this element. One of them is the statement given by Elon Musk.
He stated that he will collaborate with Vitalk Buterin on helping with building Ethereum 2.0 more environmentally friendly than the previous version was. You surely know that the awareness of environmental problems has attracted a lot of attention in the last two decades.
It is one of the reasons why we think that this crypto will play a crucial role in the further development of this market. There are many predictions made by experts who say that many companies who want to utilize the green agenda will use this crypto for making payments, and saving the environment, at the same time.
The Bottom Line
We can see that many changes will disrupt the crypto market significantly in the years to come. In this article of ours, we’ve provided you with a couple of reasons why it is obvious Ethereum will become much more significant than Bitcoin in the next ten years.
All of them are made by considering a high number of studies, opinions, and predictions made by experts. Plus, all the latest trends say it will happen.
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