Home Bitcoin News Bitcoin (BTC) will become Digital Gold and Ethereum (ETH) will Consume Everything Else – Will It?

Bitcoin (BTC) will become Digital Gold and Ethereum (ETH) will Consume Everything Else – Will It?

Bitcoin BTC Gold Eth

Cannot be denied that it was the COVID virus that really accelerated adoption of crypto, the macro story with BTC, and more maybe important story of digitalization of all cash.

Some of them compare Bitcoin to Yahoo and Ethereum to Google.

Someone felt that Bitcoin (BTC) will become Digital Gold and Ethereum (ETH) will Consume Everything Else.  However, there are many who are of opinion that there is no honest reason to make such a comparison.

However, clarifications on the same thought continue like ETH is becoming the best Store of Value the world has ever seen A foundation in utility creates a stable price floor, critical for any good SoV More scarce & deflationary through fee burning compared to BTC Inheriting all of the positive qualities of BTC & advancing its vision.

Now everyone are coming to agreement that the world is moving towards the cryptocurrency era.  Now the competition is about how is going to contribute to the platform for the major pie of activities.

Sydney Ifergan, the crypto expert tweeted:  “For now, Ethereum (ETH) is the stage where digitalization of the financial system will mostly get built on.  I think many are not happy and do not agree with this opinion though.”

Recently Vitalik got in to an abstract thought on Does living in a universe that runs by laws of physics count as being “governed by an algorithm”?

Someone replied, Yes in tech terms the universe would be a platform (like Ethereum) with infinite nodes running the script for different purpose and sharing the output in a big data for instant reuse. The intentionality is not important but can influence the output if set as global variable.

The output not being proportional to the input is the Chaos Theory. What is unclear is the law of conservation of energy: Step by step instructions to generate a game is indeed an algorithm with an algorithm as output and grinding the game is one intentionality among others.

So, the discussion took to being something like discussing scalability and conservation of energy! And, therefore, the ETH 2.0 is already brewing.

Ethereum (ETH) in Paypal

Someone expressed that for the first time in a long time that all of the pieces are really coming together for Ethereum like – growing adoption – economic activity soaring – scaling golden age via L2 – rollup-centric eth2 roadmap evolution – eth2 phase 0 imminent – “funding secured” for EIP-1559.

Also, PayPal customers will be able to use BTC, ETH and other cryptos to pay merchants.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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