Topic: What should Ethereum has to improve to be better than Bitcoin? (Read 201 times)
There is nothing left to improve. The only thing that bitcoin has on ethereum right now is that bitcoin has been in the market for longer. This means that bitcoin has had a lot of time to grow more than ethereum. What ethereum needs is time. With how both of the projects are moving I would not be surprised if eth ends up overtaking bitcoin.
The value of bitcoin is much higher than ETH. At risk of hacker attacks, ETH had to split once before.Not yet put into official use in many countries so the ownership of this currency is still a risk for investors. If ETH overcome the above limitation will go to BTC.
We all know that Ethereum is the closest Altcoin that can be considered and compared to Bitcoin but it still has a lot of issues and concerns about their Blockchain. What should they improve?
The main barriers facing the airway are not in the platform itself, but are external factors. To date, there are quite a few alternative projects that provide users with similar opportunities, but at a lower cost. Developers start to look aside NEO, Cardano, Qtum and other competitors. Ethereum is next to bitcoin on the market cap table but it cannot be compare to bitcoin because every coin have it own unique potential. However, Ethereum ought to change their gas and improve their security/concensus cause NEO and EOS are cooking something which may later make them win over Ethereum.
I agree with you, EOS and NEO have already solved the problems that the Ethereum team has not even begun to solve. Ethereum is very weak to be a competitor to Bitcoin, because Bitcoin has a strong enough community, an infrastructure with ATM terminals has already been formed, many companies integrate Bitcoin as a payment for their goods, and every day it increases. For example, a recent survey among residents of Canada showed that 85 understand what Bitcoin is and have at its disposal a certain part of the cryptocurrency. Ethereum should solve for the beginning a question of network scaling and reduction of the price of GAZ, so that it will not be ahead of EOS and NEO, which develop faster. What should they improve?
Include the network itself to reduce the fees and confirmation time just like what everyone is complaining about bitcoin.Now that ETH has this, before it was quite too fast now it's one of the slowest network that we've been using. Though it's quite slow we're still using it and the same goes for bitcoin.
This is what Vitalik is doing now. Vitalik Buterin: Sharding Scaling Improvement ‘Is Coming’ To Ethereum Network
i think the ethereum coin framework has to do much more work on their security systems as it is and has become a great challenge in the industry as incessant attacks have been mostly recorded on the ethereum blockchain than ever
Yeah ethereum is the 2nd most popular altcoin after bitcoin. It has been in the market for some years now and is still standing strong. Ethereum has done both many goods and harms to the Cryptos sphere. Many legit startups can raise funds to develop their projects by creating a token on the Ethereum blockchain but unfortunately there are also many scam tokens projects nowadays. Also ethereum network can be so frustrating slow and with high transaction fees at times.
Ethereum is next to bitcoin on the market cap table but it cannot be compare to bitcoin because every coin have it own unique potential. However, Ethereum ought to change their gas and improve their security/concensus cause NEO and EOS are cooking something which may later make them win over Ethereum.
you can't really compare eth and bitcoin, they are completely different things. You can start decentralized apps on bitcoin without clogging up the network.
Ethereum has to concentrate on providing better services to the numerous ER20 token holders in terms of transaction fee and speed instead of vying for the top spot with bitcoin. Every coin should improve the services they offer to holders instead of trying to be another coin. Originality should be preserved and not an imitation of ideas.
Hello! This is totally different cryptocurrency no need to compare! I want rephrase your question! What should BTC has to improve to be better than Ethereum?
We all know that Ethereum is the closest Altcoin that can be considered and compared to Bitcoin but it still has a lot of issues and concerns about their Blockchain. What should they improve?
Correction: Ethereum is not comparable to Bitcoin at all.
What Bitcoin is: The very first decentralized Peer to peer digital currency, a currency to be used without a central administration.
What Ethereum is: Its an open source distributed computing platform based on blockchain which allows smart contracts and dApps building on there platform.
With your topic, you are comparing a Currency with a Platform.
So basically, there is nothing Ethereum can do to become Bitcoin or the vice versa.
If you are talking about market capital, then that will be a different story.
We all know that Ethereum is the closest Altcoin that can be considered and compared to Bitcoin but it still has a lot of issues and concerns about their Blockchain. What should they improve?
I think Ethereum can't be compared to Bitcoin, it has a totally different use-case. Bitcoin started as payment-coin. Ethereum started as a platform coin where you can create smart contracts and develop for your own use-case (ICOs). So payments are not Ethereum's main function. Comparing I would not say, Bitcoin and Ethereum cannot be better than the opposite.
Ethereum transaction is much faster than Bitcoin.
We all know that Ethereum is the closest Altcoin that can be considered and compared to Bitcoin but it still has a lot of issues and concerns about their Blockchain. What should they improve?
Unlimited and centralized Ethereum - its main disadvantages. Mr.Buterin can issue an unlimited amount of Ethereum, devaluing the asset, as in the traditional financial system. Because of centralization, the future of coins and technology is concentrated in the hands of one person, which goes against the main idea of crypto currency.
Bitcoin is the strongest and most stable asset on cryptology, the issue of which will not end in either ours or the dozens of the next generations. And when this happens, people will pay Satoshi - the tenth and a millionths of bitcoins, which by that time will cost thousands of times more than now.
P.S. I personally believe in their success together Hodl BTC and Ethereum
We all know that Ethereum is the closest Altcoin that can be considered and compared to Bitcoin but it still has a lot of issues and concerns about their Blockchain. What should they improve?
I think Ethereum can't be compared to Bitcoin, it has a totally different use-case. Bitcoin started as payment-coin. Ethereum started as a platform coin where you can create smart contracts and develop for your own use-case (ICOs). So payments are not Ethereum's main function. Comparing I would not say, Bitcoin and Ethereum cannot be better than the opposite.
Nothing needs to be improved. After all, they, in fact, have never been in the rank of direct competitors. Bitcoin was originally seen as a means of payment, while the Ethereum network uses tokens to implement smart contracts.
Obviously the basic issue we need both these giants to resolve is the scalability issue, i mean it is simple that for growth to masses we need much faster and cheaper transactions, whoever will provide that will be the winner and im very hopeful that eth team will not let us down and will comeup with solid solutions soon.
Nothing, because both coins are unique for their qualities in the market that is not about the technology. Ethereum might be better but it is nothing to do with btc.
Yes both of them have different uses but one thing which is common with both bitcoin and ethreum which is both are reliable and no matter how much they drop down but they will rose again.
Nothing, because both coins are unique for their qualities in the market that is not about the technology. Ethereum might be better but it is nothing to do with btc.
Bitcoin is much more popular than ethereum and I consider that it is the crucial difference. I think that almost every person heard about bitcoin it is the fact because there were lots of discussions about bitcoin in mass media and for much people crypto technologies are just bitcoin. What about ethereum? Only professionals and amateurs who are interested of crypto technologies know about the existing of ethereum.
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