In relevance and utility, even if it has not yet surpassed it in market value.
📈 Scalability
Ethereum has faced challenges with high transaction fees, but it is much further along in scalability solutions than Bitcoin.
- Ethereum already implements layer 2 solutions like Arbitrum, Optimism, and Polygon, which make transactions faster and cheaper.
- The transition to Proof of Stake and the use of sharding with Ethereum 2.0 are also important milestones for scaling the network.
- Bitcoin, on the other hand, mainly relies on the Lightning Network, which still has adoption and functionality limitations.
🏗️ Fundamentals and utility
Ethereum is the foundation for most innovations in crypto:
- It is the main platform for DeFi, NFTs, stablecoins, digital identity, and decentralized social networks.
- Large companies like BlackRock, Fidelity, Visa, and Deutsche Bank are building on Ethereum.
- Bitcoin continues to be a store of value, but has little practical utility beyond that.
📊 Daily volume
At various times, Ethereum has already surpassed Bitcoin in transaction volume and on-chain activity, especially during bull cycles and surges in dApp usage.
🔍 Balanced view
Some experts argue that it is not a direct competition:
- Bitcoin is the “digital gold”, a solid foundation.
- Ethereum is the “scaffolding” — the infrastructure upon which the crypto ecosystem is being built
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🌐I am entering a bit more into Ethereum and Solana from these 3.
I already have some XRPs...🚀
