Can Ethereum surpass Bitcoin?
Do you think Ethereum can surpass Bitcoin? Well, I think Ethereum has the potential to make it. In last few months we have seen exponential increase in Bitcoin price with Bitcoin touching new mark of $2900. But, we can not forget the fact that Ethereum also has a growth of 2000%, achieved in last few months.
While Bitcoin is just a currency, Ethereum is like a multiple blockchain solutions development platform. One of the blockchain solution that has the potential to bring revolution in the way agreements and contracts are done is, smart contract. Ethereum is strongly backed by some giant industry names like Microsoft, JPmorgan etc. Together these big names has formed an alliance called Ethereum Enterprise Alliance.
And after reading the headline "Putin meets Ethereum's founder Vitalik to discuss a Blockchainized Russia", My vibes has become stronger that Ethereum is gonna transform the Indusries one day, For sure.
Let's see but if EOS doesn't kill ETH, I think this one can grow more~
EOS is very interesting but in the end it is semi-centralized. For example, these giant data centers that are needed will be well known public entities and if a government wants them to do something they would have no choice but to do it or be shut down. If they do proceed with something not sanctioned they might lose their job... Is anyone willing to have all this investment and then be at risk of being shutdown at a moments notice. I think being offline would be very costly for a data center who has bills to pay.... It could possibly bankrupt the company running it. Also, lets not forget that this is run by a company with a CEO and a CTO. What happens when someone builds a casino or gambling app on EOS which is illegal in many countries?
If these issues are not really issues then EOS will be a game changer. For now ETH still has strong fundamentals and even though spec wise it looks terrible compared to EOS what Ethereum is trying to build is much harder but will be much better in the end if they can solve it.
My bet is ETH and BTC will remain close in market cap.
Even EOS is gonna raise its fund via Ethereum platform. It is an ICO. And in my personal opinion, Ethereum's blockchain EVM can't be easily replaced by these newbies.
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