Ethereum Leading At Much Higher Rate Than Bitcoin?
The co-founder of the Coinbase Fred Ehrsam states that the Ethereum, a virtual currency is far advanced than the bitcoin and will be the future of the digital currency. He argued that all the things can be performed by the bitcoin can also be performed by the Ethereeum. There were many different reasons stated by the Ehrsam confirming their beliefs that Ethereum is the outperforming bitcoin. The programming languages of the Ethereum have lesser restrictions than bitcoin. Additionally, the former one has more advanced developer tools.
He also pointed that the development team of the ETH is more robust and healthy. The argument over the block size in the bitcoin is increasing and that results to the mud throwing in the community.
Although, the number of daily transactions is on the rise, but the total dollar amount of transactions is steady and not increasing as stated by the Fred. The bitcoin community has a wrong feel about their accomplishment. On the other hand, the Ethereum community is working in a more creative way.
Fred further blogs that still the Ethreum has a long way to be faultless. The programming languages also create a room for the security breaches. The rate of progression can slow down after the growth of its value according to the Ehrsam. He is also quite not sure about will the Ethereum and bitcoin will become a competitor.
In his blog, he also states that there is strong possibility that the people may still feel more comfortable storing their information because of its reliability and stability. In this condition, the Ethereum will allow to take more risk by aggravating less test advancements. ETH will run the decentralized applications wile the bitcoin will a more settled network under this condition. At last Fred states that the Coinbase will stop bitcoin and continue to support both in the near future.