Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.
I do not think it is going to happen atleast for many many more years. But with recent developments and upcoming Eth 2.0 and deflationary model of ethereum network i do think that ethereum will become capable to gain more market share and give some serious competition to bitcoin espevially if they are able to come up as an efficient network for mass usage.
- Ethereum is a superior competitor to the rest and stands very close to bitcoin but after years of racing, occupying each other's market share, I just see the value of ethereum being too small compared to the rise of bitcoin, I don't want to underestimate ethereum and everyone's judgment but this is a practical perspective, bitcoin is still preferred by many people. After the most recent bull run, surpassing bitcoin has probably become a nightmare for most altcoins, despite the rapid growth of altcoins, bitcoin crushes them too easily.