{"id":466031,"date":"2021-06-22T23:50:48","date_gmt":"2021-06-22T23:50:48","guid":{"rendered":"https:\/\/ktsl888.com\/?p=466031"},"modified":"2021-06-22T14:36:07","modified_gmt":"2021-06-22T14:36:07","slug":"ethereum-will-overtake-bitcoin","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-will-overtake-bitcoin\/","title":{"rendered":"Cardano Founder: Ethereum Will Overtake Bitcoin"},"content":{"rendered":"

Cardano founder <\/span>Charles Hoskinson<\/a> has predicted a quick victory of Ethereum over Bitcoin. <\/span><\/p>\n

Charles Hoskinson talked about cryptocurrencies and why he believes ethereum is poised to overtake bitcoin in the near future. He started by talking about the speed of bitcoin transactions. Pointing to the sluggishness of the network and how slow it is in comparison to other proof of stake networks.<\/span><\/p>\n

Focusing on ethereum in particular, he said that the coin outperformed bitcoin in so many ways. <\/span><\/p>\n

Ethereum Is Superior To Bitcoin<\/span><\/h2>\n

Ethereum has been gaining popularity over the years as digital currencies become more popular. It is the second most popular coin behind bitcoin currently. With lots of investors throwing their hats in the ring with the coin. Believing that the coin is bound for greatness much higher than that of bitcoin. And Hoskinson seems to be a part of this crowd.<\/span><\/p>\n

Related Reading |\u00a0Ethereum to $20,000? Factors Behind The Bold Call<\/a><\/strong><\/em><\/p>\n

One of the ways Hoskinson said that eth was better than bitcoin was the flexible development culture associated with it. A good depth evolution was one of the advantages he referred to amongst others.<\/span><\/p>\n

Any faults found in the ethereum network are fixable. There are no issues that are locked into the network. This is what makes development in the blockchain so flexible.<\/span><\/p>\n

An example of this is Ethereum 2.0<\/a>. A development that has been in the pipeline for a while now. It is meant to replace the current network. And in doing so, solve the bottlenecks that come with using the network. Making it cheaper to send coins even in high traffic times.<\/span><\/p>\n

The upgrade is also going to help with scalability and security. Making the whole network much more secure for users.<\/span><\/p>\n

This is being developed by teams across the entire eth ecosystem.<\/span><\/p>\n

Bitcoin Is Its Own Worst Enemy<\/span><\/h2>\n

Continuing on, Hoskinson called out bitcoin for being its own worst enemy.<\/span><\/p>\n

\"Ethereum<\/p>\n

Ethereum price | Source: ETHUSD on TradingView.com<\/a><\/pre>\n

The CEO pointed out that bitcoin is riddled with network effects. But pointed out that there was no way to change the system. This means that improvements on the network are not possible. This makes fixing the obvious flaws associated with bitcoin near impossible.<\/span><\/p>\n

The high network fees associated with sending bitcoin have always been a debated issue in the crypto space. This was meant to be solved with lightning technology. But even with this new technology, high network fees continue to be the norm.<\/span><\/p>\n

This is not to say that ethereum does not have the problem of high network fees during high traffic times. But compared to bitcoin, it still remains a much better alternative in a match between the two.<\/span><\/p>\n

Cardano beats out both in this regard. The coin costing only about a penny or two to send on the network.<\/span><\/p>\n

Related Reading |\u00a0More Than $1 Billion In Crypto Positions Liquidated In Overnight Bloodbath<\/a><\/strong><\/em><\/p>\n

But with ethereum, these were not issues. Network flaws can be fixed in the network without a problem due to its development flexibility. Because of this, there are always improvements being carried out on the network. Developments are always underway to make the network better and easier to use.<\/span><\/p>\n

The Cardano founder went on to say that in a battle, his money was on ethereum. As against bitcoin, ethereum is always bound to come out better 9 out of 10 times.<\/span><\/p>\n

Closing out, Charles Hoskinson clarified that the battle of cryptocurrencies is still in its early stages. There are already several blockchains struggling for a major share in the blockchain market.<\/span><\/p>\n

Ethereum and bitcoin lead the race in the battle. But Hoskinson noted that despite this, Cardano is still a serious competitor to all the other blockchains in the space.<\/span><\/p>\n

Featured image from Capital, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

Cardano founder Charles Hoskinson has predicted a quick victory of Ethereum over Bitcoin. Charles Hoskinson talked about cryptocurrencies and why he believes ethereum is poised to overtake bitcoin in the near future. He started by talking about the speed of bitcoin transactions. Pointing to the sluggishness of the network and how slow it is in comparison to other proof of stake networks. Focusing on ethereum in particular, he said that the coin outperformed bitcoin in so many ways. Ethereum Is Superior To Bitcoin Ethereum has been gaining popularity over the years as digital currencies become more popular. It is the second most popular coin behind bitcoin currently. With lots of investors throwing their hats in the ring with the coin. Believing that the coin is bound for greatness much higher than that of bitcoin. And Hoskinson seems to be a part of this crowd. Related Reading |\u00a0Ethereum to $20,000? Factors Behind The Bold Call One of the ways Hoskinson said that eth was better than bitcoin was the flexible development culture associated with it. A good depth evolution was one of the advantages he referred to amongst others. Any faults found in the ethereum network are fixable. There are no issues that are locked into the network. This is what makes development in the blockchain so flexible. An example of this is Ethereum 2.0. A development that has been in the pipeline for a while now. It is meant to replace the current network. And in doing so, solve the bottlenecks that come with using the network. Making it cheaper to send coins even in high traffic times. The upgrade is also going to help with scalability and security. Making the whole network much more secure for users. This is being developed by teams across the entire eth ecosystem. Bitcoin Is Its Own Worst Enemy Continuing on, Hoskinson called out bitcoin for being its own worst enemy. Ethereum price | Source: ETHUSD on TradingView.com The CEO pointed out that bitcoin is riddled with network effects. But pointed out that there was no way to change the system. This means that improvements on the network are not possible. This makes fixing the obvious flaws associated with bitcoin near impossible. The high network fees associated with sending bitcoin have always been a debated issue in the crypto space. This was meant to be solved with lightning technology. But even with this new technology, high network fees continue to be the norm. This is not to say that ethereum does not have the problem of high network fees during high traffic times. But compared to bitcoin, it still remains a much better alternative in a match between the two. Cardano beats out both in this regard. The coin costing only about a penny or two to send on the network. Related Reading |\u00a0More Than $1 Billion In Crypto Positions Liquidated In Overnight Bloodbath But with ethereum, these were not issues. Network flaws can be fixed in the network without a problem due to its development flexibility. Because of this, there are always improvements being carried out on the network. Developments are always underway to make the network better and easier to use. The Cardano founder went on to say that in a battle, his money was on ethereum. As against bitcoin, ethereum is always bound to come out better 9 out of 10 times. Closing out, Charles Hoskinson clarified that the battle of cryptocurrencies is still in its early stages. There are already several blockchains struggling for a major share in the blockchain market. Ethereum and bitcoin lead the race in the battle. But Hoskinson noted that despite this, Cardano is still a serious competitor to all the other blockchains in the space. Featured image from Capital, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":466032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[428,1119,1144,78790,12332,15237,1286,8323,1946,8686,78803],"class_list":["post-466031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-cardano","tag-cardano-charles-hoskinson","tag-charles-hoskinson","tag-eth","tag-ethereum","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nCardano Founder: Ethereum Will Overtake Bitcoin<\/title>\n<meta name=\"description\" content=\"Cardano founder Charles Hoskinson has predicted a quick victory of Ethereum over Bitcoin. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Founder: Ethereum Will Overtake Bitcoin","url":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-will-overtake-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-will-overtake-bitcoin\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/ethereum-versus-bitcoin.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/ethereum-versus-bitcoin.jpg?fit=750%2C338"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","cardano","cardano charles hoskinson","charles hoskinson","eth","ethereum","ethusd","ethusdt"],"dateCreated":"2021-06-22T23:50:48Z","datePublished":"2021-06-22T23:50:48Z","dateModified":"2021-06-22T23:50:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Founder: Ethereum Will Overtake Bitcoin\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-will-overtake-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-will-overtake-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/ethereum-versus-bitcoin.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/ethereum-versus-bitcoin.jpg?fit=750%2C338\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"cardano\",\"cardano charles hoskinson\",\"charles hoskinson\",\"eth\",\"ethereum\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2021-06-22T23:50:48Z\",\"datePublished\":\"2021-06-22T23:50:48Z\",\"dateModified\":\"2021-06-22T23:50:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/06\/ethereum-versus-bitcoin.jpg?fit=750%2C338","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466031"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=466031"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/466031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/466032"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=466031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=466031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=466031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}