Can Ethereum overtake Bitcoin?
Yes, Ethereum has the potential to overtake Bitcoin. Ethereum has a number of advantages over Bitcoin that could make it a more desirable choice for investors. Unlike Bitcoin, which is limited to a total supply of 21 million coins, Ethereum offers unlimited scalability and supply. In addition, the transition to proof-of-stake (PoS) consensus allows for faster transaction times and higher throughput than Bitcoin’s proof-of-work (PoW). This increases efficiency and reduces fees for users since miners are no longer required to solve complex problems in order to validate transactions.
Ethereum can also process smart contracts and decentralized applications (dApps), allowing for more dynamic use cases than traditional systems powered by blockchain technology like Bitcoin which is used mainly as a store of value. With the increasing number of decentralized finance (DeFi) projects built on top of Ethereum’s infrastructure, it is quite possible that it could eventually become the global standard for digital assets.