Join 100,427 users already on read.cash

Rivalry Between Bitcoin vs. Ethereum with Benefits

4 18
Avatar for Kyshyn
Written by   3
2 years ago

The Bitcoin (BTC) and Ethereum (ETH) rivalry is burning. Bitcoin has been a dominant share of the crypto sector for years, as for the last month, Bitcoin (BTC) price has traded in a tight range and trading volume has been relatively flat. Meanwhile, several tokens on the Ethereum network have been topping price charts, especially the Decentralized Finance (DeFi) tokens due to huge gained popularity as it defines ETH. Thats why most bitcoiners are worried about strong dominance of ethereum this 2020 which could impact the the bitcoin then divert capital away from the world's biggest cryptocurrency.

However, this situation causes misconception towards reality. Bitcoin and Ethereum shouldn't be judged based on how good they are at being money but be judged by the value of each network of capable of producing. They are both crypto networks which could complement each other, and let asset diversification reduces risks. That's why, most believe that each token plays a different role and occupies its own niche within the crypto ecosystem. 

Each both crypto has its own value based on their own design as bitcoin is valued on security,as it is the most secure decentralized, immutable ledger which can also protect data either with no financial transaction involved or with. While ethereum is valued on its flexibility, as it is great at representing fractional shares  of ownership, rights to interests, votes, access and permissions, and control. Due to flexible ecosystem, its produced Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Fundraising.

8
$ 0.00
Sponsors of Kyshyn
empty
empty
empty
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Thank you for share with us

$ 0.00
2 years ago

Subscribe me I already subscribe you 😊

$ 0.00
2 years ago

There is enough space for both the coins to flourish.

$ 0.00
2 years ago