ETHEREUM IS ABOUT TO TAKE OVER

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Today we’re going to be discussing the differences between Bitcoin and Ethereum, go over the new changes, and how each has performed as an investment – Enjoy! Follow me on Instagram: GPStephan
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The concept of Ethereum was first described in 2013 by then 19-year-old Vitalik Buterin, who created it as a way to facilitate programmable contracts using its own currency. Ethereum is built on the BLOCKCHAIN network that Bitcoin uses, but it also allows programmers to create applications that allow for the exchange of money and content using its own currency.

This digital agreement performs a task when certain conditions are met. For example, if you hit the like button, the like button will turn to blue. It removes the need for human intervention and allows tasks to be completed in real-time. In THIS CASE, Ethereum is simply the platform on which network programs are created, and ETHER the currency that powers them…kinda like Ethereum is the car, but Ether the gas that powers it.

However, “THE FLIPPENING” is a valid topic and should be considered seriously.

This brings up the subject of “Bitcoin Dominance”, which measures Bitcoin’s market capital relative to the rest or in other words, how much Bitcoin controls the market. It is generally believed that bitcoin will rise, and almost all other cryptos with it, while everything else will fall.

This is because Bitcoin dominance has been steadily declining since 2017, after other options like Ethereum, Cardano and a multitude others have started taking its place…and, over the past 5 years…Ethereum has begun to catch up, having previously surpassed 2/3rds of the market capital of Bitcoin in 2018.

BusinessInsider just recently quoted a 24-Year-Old Cryptocurrency Hedge Fund Manager as saying that “Bitcoin is a store of value, it’s digital gold. Its market cap is likely to be around gold, but it could be higher, as some of its properties are better than gold. However, that’s the approximate benchmark you’ll use to cap its market value.”

Developers and investors would find the flexibility of the ethereum network to be a major attraction. Ethereum is determined to power all global finance’s future rails. This is a bigger market than it is now.
Evidently, not all agree – and even Mike Novogratz, the Billionaire Crypto Investor, admits that it is possible. “What we don’t yet know is ethereum against solana or luna, ethereumversus polkadot how the level one fight is going to end “

My take: I think Flippening is a good idea, but Bitcoin and Ethereum are fundamentally distinct and should not be considered competitors.

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