[2018-04-04] India is more interested in Ethereum than Bitcoin

[cryptocaine]

Bitcoin is not king in India.

Ethereum topped bitcoin as the most searched-for cryptocurrency in India over the past five months, commanding a 34.4% share of currency searches overall versus bitcoin’s 29.9%. More about it you can read HERE.

[European Central Bank]

who cares what india thinks when it comes to crypto? they're nobodies achieving nothing and soon enough the hammer's gonna come down on anything that isn't p2p.

[Qartersa]

I am not buying this. I have heard news that India is one of the many countries whose people are into the Bitcoin craze. That is why the Indian government even decided earlier on to up their game when it comes to regulating Bitcoin in its jurisdiction. And for your information, didn't you know there is a far cry in India because most people are enthralled to investing in Bitcoin because of their worsening economy? Hence, I say this write up is purely aimed at discrediting Bitcoin and its reputation in India. Bitcoin is still KING when it comes to cryptocurrencies. Developing countries would not even think of investing in second bests when they can very well put money into something that is clearly first. Make no mistake about this.

[maarx]

Bitcoin is not king in India.

Ethereum topped bitcoin as the most searched-for cryptocurrency in India over the past five months, commanding a 34.4% share of currency searches overall versus bitcoin’s 29.9%. More about it you can read HERE.

A good news to hear about Indian's movement towards crypto currencies. Its not that India or any other currencies looks at a particular crypto currency, its really happy to know that crypto currencies are looked upon for their growth. We recently had uplifting news on ETH stating that its values would grow threefold. This would be a reason so many investors are towards this particular coin.

There is another reason behind so many searching for ETH. Number of Indians mining has increased. They do focus on mining ETH. What they do usually, they exchange the crypto into their local currency. This would be a main reason behind Indians navigation on ETH.

[saab9597]

Bitcoin is not king in India.

Ethereum topped bitcoin as the most searched-for cryptocurrency in India over the past five months, commanding a 34.4% share of currency searches overall versus bitcoin’s 29.9%. More about it you can read HERE.

yes I agree, that  the etherium will overtake bitcoin, because the  etherium has the support of the European bank. Btc was a start up for such coins like
etherium, monero, deeponion ,etc. I think that time will tell.

[Snaic]

The government of India repeatedly warned the population about the risks of investing in bitcoin, after it first reached its record rate of 20,000 dollars, and then began to decline rapidly. That is, the government reacted to the manifestations of bitcoin as a financial bubble and saw this as a great risk. Perhaps this is another reason why India prefers ethereum, not bitcoin.

[darkangel11]

And I thought India is not interested in cryptocurrency at all, especially that it's not a recognized form of payment, not to mention money. If they are so afraid of their precious rupee losing value, they should do what North Korea is doing and isolate themselves from the rest of the world. I don't really get their stance towards cryptos, they act like they are an open and technically advanced country, and at the same time afraid of allowing people to invest in these new technologies.

[Kakmakr]

Last I checked India has a population of 1,324 billion (2016) people. Vitalik Buterin has made it clear that designing more efficient scaling solutions is one of the biggest challenges for the Ethereum blockchain.

The big debate and the question on everyone's lips is how Ethereum can scale to support large commercial-ready distributed applications (dApps). So how will they be able to take Ethereum mainstream in India alone with 1,324 billion people? ^lol^

Bitcoin will be unbeatable soon, with the introduction of the Lightning Network. <Still being tested>

[veleten]

I wonder how did they manage to calcultae that?
since the currencies are pseudoanonymous and all they can count is some volumes traded or searches
it doesn't mean that one currency is more popular than the other,it is just that it is traded more or has more search queries
there is no way on earth they will be able to connect wallets to the owners geographically
so take this info with a pinch of salt,will you?

[jjacob]

It doesn't matter whether Indians are more interested in Bitcoin or in Ethereum. What matters is how tolerant the government is towards either cryptocurrencies. The government seems to be determined to shut down exchanges where most people buy bitcoins.