Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.
Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?
Ethereum has always been next to bitcoin for a long time already so seeing it replace bitcoin someday wouldn't be a huge surprise to us anymore. We've seen a lot of changes in the market already, it can really happen but it would take up a long time before happening first since Bitcoin's value is still so far away from bitcoin's. We've seen a lot of progress with Ethereum already even during Bitcoin's downfall after the sudden rise on 2018. There should be no competition still and let us keep on supporting both since they are really good as a cryptocurrency.Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?