BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTEthereumEthereum NewsETHUSDethusdtNewsxbtusd

Pundits Explain Why Ethereum Toppling Bitcoin May Never Happen

Upgrading the Ethereum network from its current state to the 2.0 version is an event that the entire cryptocurrency community looks forward to, for very valid reasons. First, the change in Ethereum’s highly congested network is expected to lead to a reduction in clogging, a reduction in fee charges, and a higher transaction processing speed, amongst other significant changes.

But another event to look forward to is the possibility of Ethereum unseating Bitcoin in terms of network efficiency. Touching on this in a recent report, Bitcoiners are suggesting that Bitcoin may not be the “alpha” digital currency after all these years. That title may be stolen by Ethereum after the advanced version surfaces. Now, another crypto pundit is confidently challenging these viewpoints.

Marty Bent, a popular Bitcoin podcaster said: “Bitcoin, by scaling in layers, will be able to do anything any altcoin claims it can do. And it will do it significantly better because it will be doing so from an extremely strong base.”

This is a definite statement from a Bitcoin maximalist, and whether it is objectively valid or not will depend on the outcome of Bitcoin and other competing networks, (in this case, Ethereum as it happens to be the closest to Bitcoin). However, it is still possible to make an informed analysis of the possibilities.

Layering to maximize network efficiency has been debated by developers for years. So much that the general consensus is to await supply drying up before any major changes are made to the …
Story continues on Zycrypto

Related posts
Banking RegulatorBinance.usBitcoin.comBlake PaulsonBrian BrooksCatherine ColeyCoinbaseCryptoCrypto ComptrollerExchangesNewsOCCOffice of the Comptroller of the CurrencyregulatorUS Binance

Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

A former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine…
AltcoinsAnalysisHideCryptopanicNewsNews 1Trading View

Cardano Price Analysis: 20 April

Cardano’s price has seen rangebound price movement for more than a month. While the surge that took place at the start of February did seem promising, the coin hasn’t been able to replicate such uThe post Cardano Story continues on…
AltcoinsAnalysisHideCryptopanicNewsNews 1SocialTrading View

Uniswap Price Analysis: 20 April

A lot of the gains Uniswap was able to register in the past month were undone as bearish pressure overwhelmed the crypto market a few days back. While many of the altcoins were quick to recover, UNI?The post Uniswap Story…