Can ethereum overthrow bitcoin as crypto king?

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Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money.

Ethereum was once seen as bitcoin’s little brother. Things have changed.

Ethereum, also known as ether cryptocurrency, holds a large share of the crypto market. Its underlying blockchain platform powers innovations in the space, including decentralized finance and non-fungible tokens.

However, technical problems with the ethereum network have been costly. Users are forced to pay high gas fees to make transactions. A flood of new tokens, known as “ethereum killers”, are also hot on its heels.

This could change, as ethereum is moving to a new standard that proponents claim will improve its efficiency.

#CNBC #Ethereum #Crypto

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