[코인리더스] Is Ethereum a better choice than Bitcoin?

Although the world’s largest cryptocurrency Bitcoin (BTC) is currently approaching 5 times the market cap of Ethereim (ETH), some say Ethereum is a better choice than Bitcoin, regardless of the market cap difference.

For example, Mark Cuban, an American billionaire entrepreneur and owner of the Dallas Mavericks, a professional basketball team, recently appeared on an Unchained podcast, saying, “Ethereum is a better store of value than Bitcoin. )’means”.

According to Cryptoslate, a media specializing in cryptocurrency on the 7th (local time), Mark Cuban said, “A lot of things can happen efficiently on both platforms, Bitcoin and Ethereum, but Bitcoin has developed mainly as a store of value and is used for other purposes. It’s very difficult to do.

Following that, EIP-1559 and Ethereum 2.0 were cited as reasons investors should buy Ethereum rather than Bitcoin.

EIP-1559 is a proposal to reduce network bottlenecks by paying a fixed base fee for Ethereum network users and giving tips to miners, and will be introduced with the London Hard Fork, which is expected in July.

Ethereum 2.0 is a project that changes the Ethereum consensus algorithm from Proof-of-Work (PoW) to Proof-of-Stake (PoS), and increases the transactions that the blockchain can process per second (TPS) from dozens to more than 100,000.

Earlier in January, global macro investor and Real Vision Group CEO Raoul Pal said, “Bitcoin is a perfect collateral asset, but money and collateral are just the basic layer. All values The credit and value exchange market built on top of the basic layer is of greater value, and Ethereum now has a similar trend to Bitcoin’s upward trajectory from 2016 to 2017. In the future, it rises at a much faster rate in the future. “I will do it,” he predicted, “Ethereum will be able to overtake the Bitcoin market cap within 10 years.”

In addition, Ryan Watkins, a senior researcher at Mesari, a cryptocurrency analysis company, said on YouTube Fintech Today on March 18, “When Ethereum 2.0 and PoS (Proof of Stake) conversion is completed, Ethereum will overtake Bitcoin. “There is a possibility,” he said. “I don’t know when Ethereum will be able to overtake Bitcoin, but we are confident that Ethereum converted to PoS will be the most important cryptocurrency in the future.”

Meanwhile, as of 1:50 p.m. on April 7 (Korean time), the global Bitcoin (BTC) price at CoinMarket Cap is recording about $58,190, down 1.12% from 24 hours ago. It has a market capitalization of about 1.81 trillion dollars.

The’top’ altcoin, Ethereum (ETH), is currently trading at about $2,119, with a market cap of about $2427 billion. Ethereum, the world’s second-largest cryptocurrency, was around $130 on Ether on March 31 last year, but has since soared 1,630% thanks to the growth of DeFi (Decentralized Finance) and NFT (Nonfunible Token).