For 12 years now, Bitcoin has been deservedly considered the main world cryptocurrency. Among its main distinguishing features, one can single out the biggest capitalization, impressing trading volumes, lots of eminent investors, and the largest size of the market share. Immediately behind it is the Ethereum system. In fact, it continues the transition to the Proof-of-Stake consensus mechanism. Interestingly, the launch of the legendary Ethereum 2.0 can change the balance of leadership.
Nowadays, the decentralized finance is skyrocketing. The applications and the NFT market has only propelled the price of Ether to incredible highs. Let’s discuss what is more profitable today: Bitcoin – Ethereum?
Ethereum Benefits over Bitcoin
To begin with, Bitcoin and Ethereum are two completely different projects with different goals. Speaking about Bitcoin, it is primarily a cryptocurrency. It is characterized by a limited use cases. Simply put, it is a digital asset for those people who are in an active search for an alternative investment algorithm. The Bitcoin system operates on the glorious PoW consensus vehicle. Here, the success of the miner is directly related to the power of its general equipment.
As for Ethereum 1.0, it operates on PoW as well. However, the network is undergoing an active transition to state 2.0. So, when the vehicle will be able to run based on PoS, there will be no mining. In other words, the consensus will be reached by validators, and new coins will be mined through staking. More than that, the update will increase the efficiency, speed, and scalability of the network.
It’s worth noting that Ethereum is much more than a cryptocurrency. Experts call this system a great decentralized computing system in which tokens, smart contracts, decentralized apps, and NFTs can be run. As a result, ETH is just a unit of value on the Ethereum blockchain. It is characterized by plenty of use cases and lots of large well-known ecosystems, such as:
- Financial/credit protocols;
- Popular social networks;
- Different kinds of games;
- Various accounting systems and all that jazz.
Why Isn’t Ethereum Interfering with Bitcoin?
Although there are so many technical advantages of Ethereum and the prominent potential of its main usage, its future leading position is not so obvious. When making a cryptocurrency online exchange, you need to take into account that most of the mining of the coin can be converted to the use of energy from renewable sources.
In addition, Ethereum isn’t the only tech-savvy network by DeFi smart contracts. There are many popular alternatives on the market. Most likely, the rate of development of the Ethereum crypto option will be higher than that of the MTC. However, this fact won’t rob the glorious Bitcoin of its digital gold position. Shortly, it will surely retain its place as the leader. Therefore, we don’t recommend betting everything on one of the crypto assets.
Where Can I Exchange Ethereum for Bitcoin?
It’s no secret that today online cryptocurrency exchangers are in great demand. Nevertheless, not all of them are legal, trustworthy, and safe. Among the most reliable exchanger online services, we recommend CryptoExchanger – https://cryptoexchanger.org/. Here, you can exchange Ethereum for Bitcoin or other cryptos with minimum fees. Moreover, it has a great loyal program and extremely helpful customer service managers. Besides, if you don’t like the boring registration procedures, then this website is perfect for you.