Topic: Ethereum is More Decentralized Than Bitcoin (Read 128 times)
I think once Ethereum switches to the proof of stake algorithm it would be much more decentralized than Bitcoin. As the network would be distributed among millions of stakers and controlling Ethereum wouldn't be so easy after that. Also there aren't many ASIC miners mining Ethereum so it is much more decentralized currently.
In an interview with the Genesis London Blockchain Conference organized by the Binary District in February, Emin GünSirer, a professor of cryptocurrency and computer science at Cornell University, said in an interview that a study by Cornell University, a prestigious university, showed Ethereum Blockchain networks are currently more decentralized than Bitcoin.
A study conducted by Professor Sirer of Cornell University and researchers of the Institute showed that fewer Ethereum nodes are connected to organizations or organizations than Bitcoin, which means that more nodes on the Ethereum network are Individuals, not companies, operate.
A study conducted by Professor Sirer of Cornell University and researchers of the Institute showed that fewer Ethereum nodes are connected to organizations or organizations than Bitcoin, which means that more nodes on the Ethereum network are Individuals, not companies, operate.
I don't believe that ethereum is more decentralized than bitcoin, because they are all both parts of cryptrocurrency, and cryptocurrency has a synchronized law being implemented by the creator, and all kinds of coins are likely follows on what bitcoin status movement, and as we had noticed that when bitcoin decrease their price other coins also synchronize to follow on bitcoin moves. Therefore all coins are only follows on what bitcoins moves most especially ethereum, and it is impossible that ethereum is more decentralized than bitcoin.
I can`t say that Ethereum is more decentralized than Bitcoin. It seems to me that we can`t operate with such categories at all and compare these crypto-currencies in the aspects of decentralization. For me, the main differences between Bitcoin and Ethereum are as follows: Ethereum was created principally for decentralized applications, Bitcoin embodies only the idea of a virtual currency. Bitcoin is the final product that enters the market under the guise of a crypto currency. Ethereum is a platform and tool, programming language, ready to cope with blockchain tasks for the functioning of decentralized applications and systems.
Ethereum would be best investment for long term what do you say guys.
Quite a statement that I have to agree with as it has outgrown Bitcoin over period of the last couple of years. Ethereum never ceases to disappoint with its immense growth potential and the future looks highly promising.
Regarding the whole 'more decentralised' thingy, Ethereum is a entire platform open to DApps and much more of utilisation base while Bitcoin has been mostly around payments. So yeah, ETH > BTC in terms of decentralisation.
it may be that momentum can happen.
because we know about the predicted development of a coin.
hopefully it will grow even better, especially for all the coins
because we know about the predicted development of a coin.
hopefully it will grow even better, especially for all the coins
In recent bull run we witnessed one thing ethereum is following bitcoin momentum even more than that . I found great article "Genesis London Conference: Study Shows Ethereum is More Decentralized Than Bitcoin"
https://www.ccn.com/genesis-london-conference-study-shows-ethereum-is-more-decentralized-than-bitcoin/
Ethereum would be best investment for long term what do you say guys.
https://www.ccn.com/genesis-london-conference-study-shows-ethereum-is-more-decentralized-than-bitcoin/
Ethereum would be best investment for long term what do you say guys.
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