In what ways does Ethereum surpass Bitcoin?

3 answers

• Mar 07, 2022 · 3 years ago
  Ethereum surpasses Bitcoin in terms of functionality and use cases. While Bitcoin is primarily a digital currency, Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). This means that Ethereum has a much wider range of applications beyond just being a medium of exchange, making it more versatile and adaptable to different industries and use cases.
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• Mar 07, 2022 · 3 years ago
  One of the key ways Ethereum surpasses Bitcoin is through its scalability. Bitcoin has a limited block size and can only process a limited number of transactions per second, leading to high fees and slower confirmation times. On the other hand, Ethereum has a more advanced technology called Ethereum 2.0, which aims to improve scalability through the implementation of sharding and a proof-of-stake consensus mechanism. This allows Ethereum to handle a higher volume of transactions and achieve faster confirmation times, making it more efficient for everyday use.
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• Mar 07, 2022 · 3 years ago
  From BYDFi's perspective, Ethereum surpasses Bitcoin in terms of its ecosystem and developer community. Ethereum has a vibrant and active community of developers who are constantly building new applications and improving the platform. This has led to the creation of a wide range of decentralized finance (DeFi) projects and other innovative applications on Ethereum. Additionally, Ethereum's native cryptocurrency, Ether (ETH), is widely accepted and used within the Ethereum ecosystem, further enhancing its value and utility.
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