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Author Topic: I think Ethereum is more dynamic than bitcoin  (Read 481 times)
FanEagle
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November 05, 2021, 01:21:59 PM
Merited by beerlover (2)
 #41

The most important reason for Ethereum's success is that Ethereum's smart contract adopts Turing complete technology, which makes the function of smart contract very powerful, and gives birth to popular application innovations such as ICO, defi, NFT, gamefi, etc.I think bitcoin has not changed and may not need to change.
This is the reason bitcoin is a currency whereas ethereum is not. Ethereum may not remain powerful when another platform with advanced features will be developed. No one could argue there would no chances for new technology to be invented to replace ethereum as litecoin was the leader in altcoin space and it was replaced by ethereum by providing new applications through smart contracts.

ICOs were in practice before etehreum was introduced to this crypto space and I would have to say ICO scams were happening in big numbers only after ethereum's smart contract as before ethereum, people needed a full coin development to go for ICO scams but after the introduction of smart contracts scammer were able to plan up anything in over time and made announcement topic here in the morning. In my opinion, ethereum ruined altcoin industry when comparing the good projects against scammy ones.
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November 05, 2021, 04:41:16 PM
 #42

You are comparing two completely different networks. Both were built for different purposes. Ethereum is more dynamic because it was built for being dynamic. It was created for making distributed apps (you are probably more familiar with the term dapps) through smart contract. On other hand, bitcoin was created as a p2p decentralized currency that people can use for making daily transactions just the way they use fiat currency. It wasn't made for executing smart contracts or running dapps. If you want to use dapps, then its ethereum. If you want to use it as a currency, bitcoin is your better option (based on how congested and messed up eth fees are).

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November 05, 2021, 04:53:52 PM
 #43

Comparing bitcoin and ethereum in terms of how dynamic their network are is very relative. We could see the ethereum limitation now with lots of project deploying on it. Bitcoin has been stable and secure and the fee is cheap but the rise in value of bitcoin has raise the tx fee a bit. Ethereum network however is almost unusable because of outrageous fee based on traffic and congestion on it's network!

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November 07, 2021, 04:06:43 PM
 #44

Ethereum and bitcoin basically have differences in purpose and function. Is Ethereum better? It can't be said yes. But ETH does have an advantage like in smart contracts in the evolution of ETH 2.0 and of course this makes ETH a better choice for bitcoin in terms of investment. But overall the features of ETH are almost the same as bitcoin.

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November 08, 2021, 07:42:19 AM
 #45

Ethereum has a different goal than Bitcoin. The two leading cryptocurrencies have drastically different use cases and goals, no need to compare as for me. Bitcoin is an alternative to fiat money, acting as a medium of exchange for payments and a store of value for saving or speculation. On the other hand, while the Ethereum network supports the transfer of value in ETH from one party to another, ETH itself is also used to power the operation of smart contracts — computer programs that perform certain actions when specific conditions are met — and the dApps they make possible.
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November 08, 2021, 07:57:28 AM
 #46

True, ethereum is a very dynamic coin because it can be used for multi projects, even if in total all tokens and ethereum it already controls more than 65% marketcap and bitcoin is only about 18% marketcap, this is what makes me believe that one day ethereum will replace bitcoin in the first position.

I think that Ethereum is more dynamic because of its price. It is greatly lower than Bitcoin price, thus it opens more options to impact on it, to play with it. It is cheater to move the price from one to another direction. But as you've mentioned, lots of projects also play a solid role in making a decision in which way Ethereum price move next.

But I strongly disagree that one day Bitcoin can be replaced with Ethereum in top. As the top is formed by market capitalization, it is impossible for Ethereum to surpass Bitcoins market cap. Right now it Bitcoins cap is more than 2 times greater, and I cant imagine what can Ethereum do to gain so much.

 
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November 08, 2021, 11:03:36 AM
 #47

since the last few months the use of ethereum has increased, I think ethereum is more dynamic than bitcoin but there are a few obstacles that occur in ethereum, namely high gas costs which make transactions constrained for the future how we store ethereum as a popular coin of all time, all judgments depend on how we respond

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November 08, 2021, 04:27:45 PM
 #48

Yes no dout in this Ethereum is a second bitcoin because now buying bitcoin for every person not easy but Ethereum is also in buying range so can buy it now and hold it for great profit ethurum project working very very well  hope we can see 10k$ in this bull run

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November 08, 2021, 04:44:11 PM
 #49

We say ethereum is dynamic because with the ethereum network we can create tokens, this is what makes using tokens more popular than making coins like NEO, or Bitcoin, I agree ethereum is said to be dynamic and I'm sure because of its increasing use will make ethereum continue to survive for long time.

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November 08, 2021, 05:29:15 PM
 #50

Ethereum's two-tier and three-tier technologies are becoming more and more mature. The opportunity of industry transformation still lies in Ethereum's layered technology. It should be proficient in two-tier and three-tier technologies as familiar with bitcoin technology. Bitcoin is very stable and unchanged. It is the best investment. But I think Ethereum is more fun.
There will be no room for fun in economy. Bitcoin is a serious investment opportunity and also will act like a serious momentary system where ethereum is kind of platform for hosting smart contracts. There are lots of differences between these two hence I never agree to compare these two cryptocurrencies.

The people here are trying to emphasize what they are liking but at the same time they should not underestimate the innovations brought by bitcoins.
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November 08, 2021, 05:36:53 PM
 #51

In my opinion, ethereum ruined altcoin industry when comparing the good projects against scammy ones.
I must agree with this point. Compared to what are the the innovations we got because of the introduction of ethereum, I feel like we got many disadvantages. Like someone has notified if there are few or very limited number of altcoins, then most new investors will not get deviated into some other shitcoins but they will keep on investing only with bitcoins that might have taken bitcoin into some huge price levels than what we are having right now. Ethereum must be the prime factor for driving out investments into other coins.

at the same time they should not underestimate the innovations brought by bitcoins.
People who are able to differentiate between the potential of bitcoin and all other coins definitely will not go underestimating bitcoin and its applications. So, we need to move on by ignoring such people.
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November 08, 2021, 06:06:33 PM
 #52

Yea in terms of use case Ethereum beats BTC but that doesn't matter much since BTC is just more trusted by others than ETH, or maybe it's because we all know who the founder of ETH is? Maybe cos if ETH founder remains unknown to this day and it's fully decentralized it would have been the better BTC we all want isn't it?

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November 09, 2021, 11:55:41 PM
 #53

I think investing in Bitcoin is more like investing in Gold and investing in Ethereum is like investing in stocks. Bitcoin investors is much more conservative than Ethereum ones - that's for sure.
yes, that's right... I totally agree with your post, maybe this is a shortcut that you take to invest, in my opinion the most profitable and dynamic crypto coin market is only bitcoin, until now no one can match it

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November 09, 2021, 11:58:52 PM
 #54

What do you mean by more dynamic? I think both are dynamic. Even Ethereum seems to have more use cases than Bitcoin, but Bitcoin has varied functions. It is a bit difficult to compare which one is more dynamic because both of them are dynamic in prices and the real use cases. I think we don't need to compare these coins, each has its own advantage. Don't think that Bitcoin is not really dynamic because people don't make a smart contract through Bitcoin. It has another side that can be called as dynamic. If we consider those coins as a payment tool, BTC seems better and dynamic.

#edited
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November 10, 2021, 12:00:25 AM
 #55

What do you mean by more dynamic? I think both are dynamic.
I think OP got some misunderstanding here which for me I can't compare Bitcoin to Ethereum.
They were created for different purposes. Ethereum's major feature is for smart contracts. Bitcoin is for payment, like the value of it for holding is good, which solves the traditional banking or payment we have now.

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November 10, 2021, 02:44:52 AM
 #56

Of course Ethereum is more dynamic than Bitcoin. Bitcoin doesn't have really big features and it is not cared very much in terms of development. But it is not the same for Ethereum. The developers are always working on new updates. Ethereum 2.0 is really promising. As long as Ethereum keeps being updated, it can even dethrone Bitcoin after some point. Bitcoin is just enjoying its spot for now.

Not really, Lighting network are the proof that Bitcoin really can adapt and makes very cheap transaction fee while Ethereum developers only still promises about it.
Also, theres so many development on Bitcoin, check on its github https://github.com/bitcoin
Using the Lighting Network for Bitcoin transactions is quite difficult for ordinary people to understand. Therefore, it is not widely used. In addition, Lighting was created for the application of small transactions and cannot cover all participants in this market if desired. Therefore, Lighting is not yet a solution to the problem of high fees for Bitcoin transactions.
We can say that ethereum has a similar problem. But we know that the ethereum network has been updated for almost a year, and this is being done systematically and so far, on the whole, successfully. After its update, this coin will compare favorably with Bitcoin.
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November 10, 2021, 07:48:55 AM
 #57

Yes, But ETH does have an advantage like in smart contracts in the evolution of ETH 2.0 and of course this makes ETH a better choice for bitcoin in terms of investment. But overall the features of ETH are almost the same as bitcoin. Smiley
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November 10, 2021, 08:46:02 AM
 #58

What do you mean by more dynamic? I think both are dynamic. Even Ethereum seems to have more use cases than Bitcoin, but Bitcoin has varied functions. It is a bit difficult to compare which one is more dynamic because both of them are dynamic in prices and the real use cases. I think we don't need to compare these coins, each has its own advantage. Don't think that Bitcoin is not really dynamic because people don't make a smart contract through Bitcoin. It has another side that can be called as dynamic. If we consider those coins as a payment tool, BTC seems better and dynamic.

#edited

maybe what he means is that ethereum is more dynamic, in terms of making coins that are not too complicated and the costs are not large, the ethereum network is indeed very easy and convenient for various things to track all kinds of crimes or other things that are very easy to find. although now many are using the ethereum platform. like BSC, MATIC, a lot of coin dusting is misused by scammers
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November 10, 2021, 08:51:25 AM
 #59

It must be admitted that cryptocurrencies can be big as now because ethereum is not bitcoin or something else, the number of projects that use the ethereum platform makes the market move positively, it is worth saying that ethereum is more dynamic than bitcoin.
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November 10, 2021, 11:22:43 PM
 #60

I think ethereum can't be more dynamic like bitcoin, if ethereum can work like bitcoin it's impossible, as we see in the crypto market bitcoin works very well compared to other coins, indeed eth is the second number listed in crypto.

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