Some analysts are sure that in the long term, Ethereum can be much more profitable and promising than Bitcoin. Over the year, the crypto asset has grown by a thousand percent, and Bitcoin has grown by 300%. Yes, it is stupid to deny that the growth of Ethereum was stunning, but it is also very volatile.
Although volatility is inherent in all crypto assets, some investors are looking for new assets for the long term, ceasing to pay attention to Bitcoin. Goldman Sachs believes that Ethereum is a better asset, safer for the environment than Bitcoin. If we look at the long-term perspective, then Ethereum will beat Bitcoin in all respects.
Bitcoin is just a decentralized volatile digital asset, Ethereum has its own proprietary network that allows you to instantly execute smart contracts. This is a fully equipped working platform that can perform various economic tasks in a digital format.
The Ethereum network is already supported by many cryptographic applications, this includes token-based trading exchanges, various platforms for lending, and the digital world of NFT, which allows influencers and media personalities to monetize their work.
Ethereum is a transactional network that also charges a certain commission for each transaction processed. All these factors a priori make Ether an economic asset that generates income. The cost of Ethereum can grow with the development and growth of its network, and not just the cost of a digital token as such.
According to the statements of the creator of Ethereum Vitalik Buterin, the Ethereum protocol will be changed from the proof-of-work model to the proof-of-stake model in the near future. This will make the crypto asset even more valuable and desirable as a platform for decentralized financing. Proof-of-stake is the future of crypto technologies.
The material has been provided by InstaForex Company - www.instaforex.com