Bitcoin in 2017, but 2018 is the year of Ethereum

[GyuTae Byun]

The Crypto correction of early 2018 saw Bitcoin fall a bit from its pedestal of nearly $20,000, yet this year Ethereum’s sharding progress show dApps will solve major scaling hurdles this year, and by default then, 2018 is the year of Ethereum.

If Bitcoin is like crypto gold, a choice digital asset, crypto is moving ever closer to utility coin and smart contact transactions which means Ethereum is the crypto platinum.

Ethereum, the second-largest by market value, was up 2.5 percent over the past 24 hours at $933.24. However in spite of Ethereum being at forefront of the smart contract movement for blockchain smart contract platforms, its founder also has some ideals.

When Ethereum founder Vitalik Buterin tweeted recently that he’s boycotting this year’s Consensus conference after CoinDesk since CoinDesk has been linked to fraudulent projects, it shows (unlike Coinbase) that some of the young people at the forefront of Crypto still have ethics and ideals that young decentralization advocates can relate to.


Sharding Could Remove Blockchain’s Speed Bottleneck
Bitcoin is limited to ~3–7 transactions per second, Ethereum to 7–15, but not forever. The sharding proof of concept means the blockchain is starting to evolve faster and the scalability bandwidth issues could be solved before 2020.


Ethereum
Some call “sharding” the biggest breakthrough since the invention of smart contracts. You can read the proof of concept here. Different kinds of levels of nodes can improve efficiency.


Ethereum sharding chain cross-linking.
It doesn’t really matter what the price of these things are, it matters what the blockchain becomes.

The primary goal of implementing sharding is massive scalability improvement.
Bitcoin is the DOS, Ethereum is the Windows
If Bitcoin is the “DOS” of blockchain, Ethereum could be the “windows OS”. There’s some chance that Ethereum fails as a first-mover smart contract platform and another one succeeds that’s more technically sound, scalable and secure. It’s too soon to say which one might rival Ethereum, but there is some competition.

Blockchain has meant that thousands of new companies are sprouting up with highly innovative business models and even ICOs being regulated and facing rating systems, ICOs are still doing well in 2018 compared to 2017. While Bitcoin and crypto investing has been systematically suppressed by states, criticized by bankers investors, crypto has become in 2018 entirely a mainstream proposition.

Bitcoin is the Yin, Ethereum is the Yang
If Blockchain is the yin, the negative potential of what blockchain could become, Ethereum is the yang, the positive development of smart contracts that could change fundamentally how the web works and how transactions and trust evolve.

Ethereum sees itself as a global infrastructure computing paradigm that’s open-source, decentralized and can build on a trust that could prevent fraud, censorship or third-party interference.

It’s hard to imagine Ethereum’s price not ending 2018 on an all-time high given the important work it is doing. In early January Ethereum hit an all-time high price of $1,417.38, before dropping to well below half that price in the Bitcoin correction (not a bubble).

Sharding will likely evolve from very simple levels of parallelization, to then gradually be developed until Visa levels scaling. VisaNet handles an average of 150 million transactions every day and is capable of handling more than 24,000 transactions per second.

“Visa-scale transaction levels” or beyond may be necessary for Ethereum as the crypto platinum to reach its full potential and impact the lives of global citizens at large. In time it takes for this to occur, most central banks will have created converted their fiat money systems to fiat-blockchain digital money. While Japan enjoys features of Bitcoin transactions that is offered in retail and services there at an accelerating rate, Ethereum as a dominant smart contract platform would be much more transformative globally.

[jimlyon]

Very Helpful and nice write-up. I agree partially with you. I think BTC is the pioneer in this market. And somehow all altcoins depend a bit on the price of BTC. So I think it will be bit tough to seek attention than BTC.

[btcefeyigit399]

I think ethereum and bitcoin are the basic building blocks of crypto currency stock exchanges. bitcoin and ethereum can affect all other coins. In 2017, the bitcoin has risen a lot but it has fallen back. I think 2018 will be good for bitcoin again.

[Jimmy palumbo]

I don't think 2018 is the year of ETH.
Because when the lightning network is implemented, the rate of transfer of BTC will be greatly increased, thus the advantages of ETH will be greatly reduced, and the gap between BTC and ETH will become larger and larger.

[Andrey123]

The ether barely grew from 300 dollars to 700, after falling from 1500 $.
He will continue to jump in this corridor, as ASIKi will be launched under the Ether.
And a lot of miners will stop mining it, but nobody needs it anymore and the price can drop to zero at all.

[Bencus]

With the rise of ICOs, Ethereum's importance grows, and looks like there is a need for a faster transaction system. On Tuesday, Ethereum did that first step. Source:
https://www.ccn.com/ethereum-moves-one-step-closer-to-proof-of-stake-as-casper-receives-first-release/
If PoS will be implemented, I can see Ethereum rise in value - but it will only happen at the end of 2018, or early 2019.

[availcrypto]

Bitcoin is the most popular crypto currency in the crypto market till now. The price of bitcoin faced a bearish trend for few months and many people started panicking. Right now, the price is in recovery stage and people again started trusting on this. However, there are many people who didn't lose their hope because they know bitcoin is the best of all. It is more powerful than other crypto currencies. Even, the price of bitcoin place impacts on the price of other crypto currencies. Even though, ETH is going good. But, I don't think it can take the first position tag from bitcoin.

[gokusenpai0302]

I don't think 2018 is the year of ETH.
Because when the lightning network is implemented, the rate of transfer of BTC will be greatly increased, thus the advantages of ETH will be greatly reduced, and the gap between BTC and ETH will become larger and larger.

I agree with you bro, in terms of market cap and price, ETH is really far from BTC which it will take more years in order to beat BTC as being the number 1 digital currency in the market. There are lots of investors in BTC if they change their hearts probably that's the time where ETH will be the next mainstream digital currency in the market. But as of now, it'll be a dream that ETH will gonna be the mainstream digital currency, look at Japan they have been supporting Bitcoin ever since its start in the market. We should encourage people or other investors to invest in ETH and how great it is when it comes to profitability and sustainability.

[jamesbtcearn]

It’s Wrong because in share market the price of the product can fluctuate but that’s not mean 2018 is time for Ethereum. Based on this we can see the value of bitcoin also users of bitcoin a large number of users are using this and day by day its increasing which will lead the bitcoin again also I believed bitcoin still in 1st position and 2018 also for Bitcoin. Because bitcoin known as father of crypto currency.

[Pa1n]

Certainly I believe that too.End of the year , ETH will explode in market. Many people think like that , lets see.We hope ETH rise.

[HadadC]

End of this year , we can see ETH on the top.ETH has more more good potential in this year. Who knows , but many people believe ETH.

[xanaxxx]

The Crypto correction of early 2018 saw Bitcoin fall a bit from its pedestal of nearly $20,000, yet this year Ethereum’s sharding progress show dApps will solve major scaling hurdles this year, and by default then, 2018 is the year of Ethereum.

If Bitcoin is like crypto gold, a choice digital asset, crypto is moving ever closer to utility coin and smart contact transactions which means Ethereum is the crypto platinum.

Ethereum, the second-largest by market value, was up 2.5 percent over the past 24 hours at $933.24. However in spite of Ethereum being at forefront of the smart contract movement for blockchain smart contract platforms, its founder also has some ideals.

When Ethereum founder Vitalik Buterin tweeted recently that he’s boycotting this year’s Consensus conference after CoinDesk since CoinDesk has been linked to fraudulent projects, it shows (unlike Coinbase) that some of the young people at the forefront of Crypto still have ethics and ideals that young decentralization advocates can relate to.


Sharding Could Remove Blockchain’s Speed Bottleneck
Bitcoin is limited to ~3–7 transactions per second, Ethereum to 7–15, but not forever. The sharding proof of concept means the blockchain is starting to evolve faster and the scalability bandwidth issues could be solved before 2020.


Ethereum
Some call “sharding” the biggest breakthrough since the invention of smart contracts. You can read the proof of concept here. Different kinds of levels of nodes can improve efficiency.


Ethereum sharding chain cross-linking.
It doesn’t really matter what the price of these things are, it matters what the blockchain becomes.

The primary goal of implementing sharding is massive scalability improvement.
Bitcoin is the DOS, Ethereum is the Windows
If Bitcoin is the “DOS” of blockchain, Ethereum could be the “windows OS”. There’s some chance that Ethereum fails as a first-mover smart contract platform and another one succeeds that’s more technically sound, scalable and secure. It’s too soon to say which one might rival Ethereum, but there is some competition.

Blockchain has meant that thousands of new companies are sprouting up with highly innovative business models and even ICOs being regulated and facing rating systems, ICOs are still doing well in 2018 compared to 2017. While Bitcoin and crypto investing has been systematically suppressed by states, criticized by bankers investors, crypto has become in 2018 entirely a mainstream proposition.

Bitcoin is the Yin, Ethereum is the Yang
If Blockchain is the yin, the negative potential of what blockchain could become, Ethereum is the yang, the positive development of smart contracts that could change fundamentally how the web works and how transactions and trust evolve.

Ethereum sees itself as a global infrastructure computing paradigm that’s open-source, decentralized and can build on a trust that could prevent fraud, censorship or third-party interference.

It’s hard to imagine Ethereum’s price not ending 2018 on an all-time high given the important work it is doing. In early January Ethereum hit an all-time high price of $1,417.38, before dropping to well below half that price in the Bitcoin correction (not a bubble).

Sharding will likely evolve from very simple levels of parallelization, to then gradually be developed until Visa levels scaling. VisaNet handles an average of 150 million transactions every day and is capable of handling more than 24,000 transactions per second.

“Visa-scale transaction levels” or beyond may be necessary for Ethereum as the crypto platinum to reach its full potential and impact the lives of global citizens at large. In time it takes for this to occur, most central banks will have created converted their fiat money systems to fiat-blockchain digital money. While Japan enjoys features of Bitcoin transactions that is offered in retail and services there at an accelerating rate, Ethereum as a dominant smart contract platform would be much more transformative globally.

ethereum are proving they work hard in order to sort scaling issues. Once it's sorted, they will be stronger than ever, which should be highly reflected on prices and market cap

[Raziel444]

I don't agree with this because I don't think that 2018 is the year of ethereum. It is simply because I know that bitcoin is still the most popular in crypto market and it is becoming more popular plus it is now legal to arab countries. I think it is still the year for bitcoin.

[trecore4]

All hail Ethereum! Yes all your points are upto the mark and they will get the ETH recognised in the time to come. I am also supporting ETH in different way where people are just looking at the potential coin as it had been to 1200 USD rates and thus people still think they can double their investment in short period of time. Most of them are thinking that it will go above 2500 USD in mid year and thus it makes it even popular with that thought. They will come, they will see this kinda news and they will put the huge stakes on ETH itself. So yeah surely it is something.

[iljamlnk]

The forecasts for Ethereum for 2018 are ambiguous, some say that the crypto currency has many problems and is living out its last days, while others say that by the end of the year the coin will overtake Bitcoin and you can expect a price from five thousand dollars and more

[Superzpay]

It is right that in the year of 2018 Ethereum is going better in the market but it does not mean that bitcoin will not be good in this year. Bitcoin is also much better and the demand of it is still increasing on a faster speed. It will not take much time to start the adoption with highest speed. It was also the previous year when the price was at stability for the first 6 to 7 months of the year and after that the price started to increase and it reached to a value that was not in the thoughts of any person.

[angelfaria]

Recently bitcoin face some problem because some county banned bitcoin. In this situation ethereum grave the market. Previously bitcoin doing better than ethereum. So I think in recently bitcoin will gain the top position.

[Tstar]

So far in 2018 Ethereum lost some of its value compare to Bitcoin. I don't think that Ethereum is going to be separate of Bitcoin and the whole market that is moving according to Bitcoins movement.

[kingzpro]

At the moment the market seems to move together, i mean all alts and btc is moving up and down together, i think this trend will continue this year and if the total market cap goes past 1 trillion then we will see new highs for both the bitcoin and alts.

[Lusya8461]

2017 was explosive and successful for Bitcoin.We all could see when he rolls over for 20000тыcяч dollars.But I think 2018 will be significant for Ethereum.And this will happen after the introduction of Vitalik Buterin SHARDING,due to which increase the number of transactions per second.That's when it happened-Ethereum will be the number one cryptocurrency.Now is the time to invest in it.