Hello guys, I am Dangerous_Fly and I am going to rock read.cash by bringing you a very important article titled,"the future of ethereum". As many may know, ethereum is a form of cryptocurrency which I can proudly say when it comes to value it is second .

Now before we take a look at our main topic let's talk a bit about ethereum and bitcoins. Bitcoin is currently known as the "King" when it comes to crypto.

This is mine plan of works and I wish to get you all involved in this.

I will give you explanation of these two currencies and you comment the future of it yourself per how you see it

Let's get started.

This is a brief summary about bitcoins,

On 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in January 2009.

As at this time bitcoin costs not much but as years passed by and currently it has been seen to rise up to $8000 .

Now talking about ethereum

Ethereum is also an open-source code and it was released on July 30,2015.

It is currently second in value as it's value it above $200 now.

It is currently open to all and it is being mined .

Now the question is Bitcoin has reached $8000 after 10-11 years, can ethereum which is currently between $200 and $300 be able to overcome bitcoin price and become the leading crypto currency??

Drop your comments in the comment Box and I will be happy if you include suggestions on my next project also.Note: I just started and I can't be that perfect.

For us to decide the future of this let's take these few principles

• The more a used currency becomes scarce it's price increase.

• The more people use it, the more it's price increases .

• Transaction fees.

• People keeping the currency.

• And others

Now let's take these points and discuss them

The more a used currency becomes scarce it's price increases

Let's relate this to our homes, when a food commodity or house equipment becomes scarce in the market it's price also increases because it is scarce. This also implies to crypto currency.

The more people use the commodity the more it's price increases.

Let's relate this one too, assuming a commodity sells best in the market the more people buy the producer also increases the price of the commodity because he/she knows that it is in demand. Same occurs in cryptocurrency.

Transaction fees

Sometimes the fees associated with somethings make people run from it. Say you got $800 in your account and after withdrawal and everything it is left with $500. And also this same $800 can be withdrawn at a certain place and after everything you keep $700.Where do you think the money will.be kept.

People keeping the currency

As said earlier the more people use the currency it's price also increases. So keeping the currency makes the price increases a bit .

Update : Advantages of both cryptocurrencies over the other

Let's take advantages of Ethereum.

• Economics

Ethereum runs off a slightly different economic model compared to Bitcoin. For example, Bitcoin block rewards halve every 4 years while Ethereum releases the same amount of Ether each year continuously. This allows for continued progression on the Ethereum network compared to Bitcoin. Also, Bitcoin was mass released with early miners owning the majority of the coins that will be mined. Ethereum was crowd funded and as a result, 50% of the Ethereum coins will be owned by miners in year five.

• Block times

Ethereum has shorter block times, which makes the platform more efficient. Ethereum allows for blocks, or the records of cryptocurrency transactions, to be created more quickly than Bitcoin. This efficiency leads to quicker transactions, and allows Ethereum to process the large number of transactions that take place across its network. In Ethereum the block time is set around 15 seconds and the network betters Bitcoin’s 10-minute transaction speed through the smart handling of stale blocks by using the Ghost protocol.

Now let's get it on to advantages of Bitcoin.

• As a store of value

The most successful cryptocurrency for storing value continues to be bitcoin. As the most valuable coin in the world by quite some margin — and the progenitor of the entire cryptocurrency revolution — bitcoin has proven itself. It’s far more recognized than any of its peers, and that makes it easier to buy, store, and sell.

I think the points raised above will give you a clear cut difference and good explanation to choose your choice.

To conclude I will strongly say we should take the points relate it to the two cryptocurrencies I made mention of , analyse and drop your comments on it whether Ethereum can pass Bitcoins in value.

If yes, maybe a possible prediction

If no, a reason why

Meet you in the comment section.

Don't forget to sponser ,upvote,leave a comment and send me a thumbs up to encourage me to write more if you liked this article.

Thanks for reading

Dangerous_Fly(donrixy@gmail.com)

Catch me in the next post.

https://read.cash/@Dangerous_Fly/introducing-myself-d6d8452a