3 Reasons Ethereum Is Looking Better Than Bitcoin

in #hive-1679228 days ago

Ethereum really does have a lot going for it. When you compare it to Bitcoin it becomes nearly impossible. Ethereum is indeed faster, can handle more transactions but it also has the real building blocks of smart contracts while bitcoin just doesn't really go down this path and is more of a store of value over any real use case.

Today I want to take a look into three big core reasons I feel Ethereum could very well out perform bitcoin in 2025.

Growth

If we look at any business (which I believe blockchains are in fact businesses these days) then growth is one of the most important factors that go into the strength and demand of it. If no one is using or building on the blockchain then the cases of it actully being worth anything are going to go up as it becomes in more demand.

One of the things we can look at would be number of wallets being generated which has only been increasing as a steady pace. But a better look at things would be to look at active addresses over time which is starting to move it's way back to where we were during the last bull run of 2021.

We can also look into other areas as well such as TVL (Total Locked Value) on the Ethereum DeFi networks and we are now seeing that increase as well steadily showing us that there is growing demand for the chain and activity.

Upgrades

Another big factor is we see consistent development happening for the chain itself. Ethereum has been a pioneer for many things such as NFTs, Web3, DeFi and more with more most likely coming down the pipe.

There's already a number slated of which we have a good idea about what they will bring. The main goal is to get Ethereum into a state for sheer massive adoption which feels like it's still 3-5 years our.

However there will be a number of changes and updates to the blockchain during that time frame it wont be just a one off random event that happens 3-5 years from now so each of these updates brings news, hype and other cool things to the Ethereum blockchain to continue to evolve how it all works.

Regulation

Another major factor is we are headed into what should be the most promising 4 years in terms of government oversight, clarity and rulings which should make doing business and building business in the crypto space cheaper, easier and less confusing.

I know just for myself I didn't want to really launch a business in crypto because of all of the unknowns, the weird taxes and a bunch of other random things. With clarity that could very well change into launching a project or two in the crypto space myself and I believe others would follow. This influx could create a whole new form of legitimate projects compared to the meme coin frenzy we see today.

Overall Ethereum is looking healthy, it's growing, being used and still being built on heavily. Sure it has some competition but a lot of that competition bridges to Ethereum in order to generate revenue and profits.

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Bitcoin is growing like grass while I find ethereum more organic than btc. But people prefer btc because of the massive gain involve

I read your article with interest. However I think that Ethereum is today a big slow machine that to move it you have to pay quite high taxes. In the future Ethereum will do better, but also the other blockchains.

It is slow but it has gotten much better in the last 3 years since the last bull run and that's primarily the focus rolling forward now.

interesante artículo. Creo que Ethereum es la altcoin por excelencia, con muchos problemas por resolver todavía, claro. Pero otras blockchain se han consolidado y representan una competencia fuerte actualmente, como Solana por ejemplo. Qué crees del movimiento de Max Resnick de Ethereum a Solana? Leíste mi post al respecto? Te invito pues: https://inleo.io/@andrew.ander2021/max-resnick-se-une-al-equipo-de-desarrollo-de-solana-lj2?referral=andrew.ander2021

Buen día! 🤣 🤗