Ethereum which many prefer to call as the next Bitcoin is actually more than that. With Bitcoin rising ahead many are turning their attention towards Ethereum hoping to duplicate the success investors had with Bitcoin.
1. Shortcomings of Bitcoin
Even if it is the first cryptocurrency of the world, Bitcoin is still not widely accepted and that is the biggest drawback of Bitcoin. For startups, you don’t need crowdfunding sites like Kickstarter when you have Ethreum.
Ethereum can learn from Bitcoin to stay ahead in the game but vice versa is not possible.
2. Vitalik Buterin
Ethereum has a face that constantly out there explaining the Ethereum technology and its advantages. He is just 23 year old Russian – Canadian programmer who co-founded Ethereum.
3. Adopting to new technology
Ethereum has a backing of vision that evolved over time. It matured over the years. Smart Contracts feature really made the world to take Ethereum seriously.
4. “Brain virus”
“Brain Virus”, the future of security and technology – Ethereum has the power to compete with Visa. In future, Ethereum may replace big giants in the tech industry. The Ethereum Foundation is very transparent about their vision.
5. Market cap
Ethereum is on the 2nd spot when it comes to market cap. Following years will further establish Ethereum as a top cryptocurrency and a platform as well.
Technical improvements is what keeps Ethereum evolving and that’s why market cap of Ethereum we must study.
6. Future predictions
IMF head is optimistic about Ethereum’s future and many more are speaking about Ethereum. As Ethereum keep on solving the usual Blockchain problems there is no stopping it.
Ethereum has a lot of backing from its users as well.