“Wealth flows from energy and ideas.” – William Feather Internet was created to connect computer systems worldwide and it has revolutionized the communication system. It has really opened a plethora of interactional opportunities for individuals and their computational devices irrespective of the geographical locations. While providing a mammoth broadcasting capability, it has also delivered a medium of collaboration to us. But does the internet need improvement in transferring monetary value? The corporate internet giants are obviously making a lot of money but how easy it is to transfer money online? The checkout process while transacting is often difficult and you need to enter your card details. There is no assurance that your local card will be accepted worldwide. Failed transactions happen frequently and your confidential financial details can be leaked anytime to cause nightmares for you.
It's not hard to understand that etherum is one of the best. The number of users, the price, and the network are fine. Of course, everyone will complain about Etherum's transfer fees.
Who wants to pay $ 200 for a $ 50 transaction? This can be 10 or 15 times higher if you're at a particularly popular time.
Terrible. It's been a long time, even if we just think about the 2021 bull. The solution doesn't exist right now. But etherum must change to keep its place.
And I think he should hurry. Networks such as BNB, SOL, AVAX, HARMONY, FTM are much more advantageous.
Of course, they're not as big as etherum. But what if? Will Etherum be unplugged?
If a brilliant idea -anything you can think of; like a food, a design, a business etc.- takes attention from the crowd, and if the attempt becomes successful, there will be always new emerging ideas that add up to previous ones. Because initial project has certain vulnerabilities even if it upgrades itself. Therefore, the secondary project comes after the first one becomes more successful; it is easier to fill out the gaps rather than coming up with another trial-and-error ideas, plus it is easier to integrate upgrades to existing projects.
So in my opinion, Bitcoin takes all the credits by initiating the block-chain technology whereas Etherium takes applicability and sustainability by adding up to Bitcoin. Nowadays Bitcoin is still in lead, but I think it is just a symbol. As we look at dominance in blockchain per day, Etherium is leading with a great percentage after Bitcoin and almost all of the other coins are following movements of Etherium. It is safe to say that one day Etherium will take the lead, obviously current gas fee problem will be solved meantime.
Thank you for the article.
Bitcoin is the 1st innovation that makes the history...
...Etherium is the 2nd innovation that changes the game.
The Internet opens many different doors to shape our mysterious future, and it is up to us to take advantage of these blessings.
Bitcoin and Ethereum are among the leaders in this field. For Ethereum, transfer fees are a big problem. If there is a development in this regard, the already high number of users will increase and they will protect themselves and act steadily in the race, otherwise people may switch to different networks for more convenient and cheaper methods.
people around me have recently started buying etherium instead of bitcoin. OK, I admit that in terms of technology, etherium has improved a lot, but we should not forget that it was one of the most stable coins against the bull season. I don't know if etherium will surpass btc in terms of market volume, but there is one thing I know well, it is improving itself very well.
I spoke to my friend the other day. I said, If you were going to send money anywhere abroad, how would you send it? He told me, of course, with the TRON network.
It was the answer that I expected. Tron or Harmony or BSC... Why would I send my money by Western Union or something?
I'll wait and pay a high fee. Crypto provides such amenities. Apply everywhere. And it's cheap and fast and you don't have a single option. There are many options.
As for land transfer, if the government uses a blockchain-based system, it will work very well. In order to do this job in my country, you need to go around several different institutions. A lot is a waste of time. And there's a queue. If the government moves this to the blockchain, it will not happen, and it will be a serious saving. That's why I don't think bitcoin spends much energy. Some people argue that, but it's wrong. Its capacity is very high. Energy is saved if used. But it's not being used and it's trying to be blocked. I jumped from topic to topic and got a little off topic. Sorry if you read:)
In the path opened by Bitcoin, other cryptocurrencies are trying to exist and develop this ecosystem. Without a doubt, Ethereum is in the 2nd place. Fiat currency loses its value or popularity over time. On the contrary, cryptocurrencies are known by more and more people every day and are constantly developing. This is the future for sure. And if Bitcoin is a locomotive, Ethereum is the first wagon right behind the locomotive. While high fees bother some of us, we cannot ignore certain requirements. We read one of the studies done for this in the previous article.
As it continues to evolve in this way, the future looks very bright.
I don't think anyone here would hesitate about Ethereum. I agree with the comments. After Bitcoin, it confidently carries the flag with other cryptocurrencies. The problems that everyone is complaining about are the kind that some don't care about. But I think they'll bring a cure to that too. All things considered, this is a revolution and will continue to evolve.
Behind every successful project is a creative idea. We have passed a new era in communication with the internet. Thanks to the internet, people can communicate with the whole world regardless of their location and place. and certainly a much faster and smoother transfer of money on the internet and it needs improvements and projects in usage. The idea of using our monetary values from anywhere with a single wallet worldwide sounds good. and at the same time It must be secure. Blockchain technology is suitable for all the situations I have mentioned, smart contracts, chain connections, everything has progressed perfectly that a digital economy has emerged and this has become a technology that has made a worldwide impact. Has anyone heard of this technology yet? and ethereum is advancing this process very successfully, the markets it has created around it and all the transactions it can do are exciting and especially for me The nft market I'm interested in has gathered great artists and collectors around it. today these projects excite us and people will become dependent on this technology day by day. it's big for everyone let's not miss a chance to use it and let us be the first of these projects. Thanks for the article.
Great highlight of all the ways that eth can really improve the ways people transact. The examples you have here of the ways it's a complete pain (and centralized) interacting in the current world is, it really highlights why this is so important of a shift in the world. what can be done is endless and will change every interaction.
The new networks are challenging eth and BTC to improve their performance as a network but are really far away when we talk about invested money... So eth and BTC will rule the criptoworld (even not being the best networks for transactions) for few more years
It's not hard to understand that etherum is one of the best. The number of users, the price, and the network are fine. Of course, everyone will complain about Etherum's transfer fees.
Who wants to pay $ 200 for a $ 50 transaction? This can be 10 or 15 times higher if you're at a particularly popular time.
Terrible. It's been a long time, even if we just think about the 2021 bull. The solution doesn't exist right now. But etherum must change to keep its place.
And I think he should hurry. Networks such as BNB, SOL, AVAX, HARMONY, FTM are much more advantageous.
Of course, they're not as big as etherum. But what if? Will Etherum be unplugged?
Only time will tell. But I'm scared.
Thanks for the article.
Have a nice day.
So there is an argumant that I really like:
If a brilliant idea -anything you can think of; like a food, a design, a business etc.- takes attention from the crowd, and if the attempt becomes successful, there will be always new emerging ideas that add up to previous ones. Because initial project has certain vulnerabilities even if it upgrades itself. Therefore, the secondary project comes after the first one becomes more successful; it is easier to fill out the gaps rather than coming up with another trial-and-error ideas, plus it is easier to integrate upgrades to existing projects.
So in my opinion, Bitcoin takes all the credits by initiating the block-chain technology whereas Etherium takes applicability and sustainability by adding up to Bitcoin. Nowadays Bitcoin is still in lead, but I think it is just a symbol. As we look at dominance in blockchain per day, Etherium is leading with a great percentage after Bitcoin and almost all of the other coins are following movements of Etherium. It is safe to say that one day Etherium will take the lead, obviously current gas fee problem will be solved meantime.
Thank you for the article.
Bitcoin is the 1st innovation that makes the history...
...Etherium is the 2nd innovation that changes the game.
The Internet opens many different doors to shape our mysterious future, and it is up to us to take advantage of these blessings.
Bitcoin and Ethereum are among the leaders in this field. For Ethereum, transfer fees are a big problem. If there is a development in this regard, the already high number of users will increase and they will protect themselves and act steadily in the race, otherwise people may switch to different networks for more convenient and cheaper methods.
people around me have recently started buying etherium instead of bitcoin. OK, I admit that in terms of technology, etherium has improved a lot, but we should not forget that it was one of the most stable coins against the bull season. I don't know if etherium will surpass btc in terms of market volume, but there is one thing I know well, it is improving itself very well.
I spoke to my friend the other day. I said, If you were going to send money anywhere abroad, how would you send it? He told me, of course, with the TRON network.
It was the answer that I expected. Tron or Harmony or BSC... Why would I send my money by Western Union or something?
I'll wait and pay a high fee. Crypto provides such amenities. Apply everywhere. And it's cheap and fast and you don't have a single option. There are many options.
As for land transfer, if the government uses a blockchain-based system, it will work very well. In order to do this job in my country, you need to go around several different institutions. A lot is a waste of time. And there's a queue. If the government moves this to the blockchain, it will not happen, and it will be a serious saving. That's why I don't think bitcoin spends much energy. Some people argue that, but it's wrong. Its capacity is very high. Energy is saved if used. But it's not being used and it's trying to be blocked. I jumped from topic to topic and got a little off topic. Sorry if you read:)
Thanks for the good article.
In the path opened by Bitcoin, other cryptocurrencies are trying to exist and develop this ecosystem. Without a doubt, Ethereum is in the 2nd place. Fiat currency loses its value or popularity over time. On the contrary, cryptocurrencies are known by more and more people every day and are constantly developing. This is the future for sure. And if Bitcoin is a locomotive, Ethereum is the first wagon right behind the locomotive. While high fees bother some of us, we cannot ignore certain requirements. We read one of the studies done for this in the previous article.
As it continues to evolve in this way, the future looks very bright.
Thanks for the article!
bitcoin started a revolution and eth took it a few steps further.
eth is really a smart chain that has already proven that it will stay in the future with many permanent and big projects written on it.
Vitalik Buterin is a true genius.
I think there is no other project that has contributed to the development and growth of blockchain technology as much as eth.
Even now, when you look at it, you can see that some of the top 20 cryptocurrencies are still not able to develop smart contracts.
Many initiatives have not yet achieved what Vitalik Buterin achieved in 2017.
ETH continues to be the heart of both the concept of decentralized finance and the NFT market.
eth truly has a success story that started a new era.
and that's why Vitalik Buterin is a true genius.
I don't think anyone here would hesitate about Ethereum. I agree with the comments. After Bitcoin, it confidently carries the flag with other cryptocurrencies. The problems that everyone is complaining about are the kind that some don't care about. But I think they'll bring a cure to that too. All things considered, this is a revolution and will continue to evolve.
This is why I love the internet. It enables life changing technology that improves our lives.
Behind every successful project is a creative idea. We have passed a new era in communication with the internet. Thanks to the internet, people can communicate with the whole world regardless of their location and place. and certainly a much faster and smoother transfer of money on the internet and it needs improvements and projects in usage. The idea of using our monetary values from anywhere with a single wallet worldwide sounds good. and at the same time It must be secure. Blockchain technology is suitable for all the situations I have mentioned, smart contracts, chain connections, everything has progressed perfectly that a digital economy has emerged and this has become a technology that has made a worldwide impact. Has anyone heard of this technology yet? and ethereum is advancing this process very successfully, the markets it has created around it and all the transactions it can do are exciting and especially for me The nft market I'm interested in has gathered great artists and collectors around it. today these projects excite us and people will become dependent on this technology day by day. it's big for everyone let's not miss a chance to use it and let us be the first of these projects. Thanks for the article.
Great highlight of all the ways that eth can really improve the ways people transact. The examples you have here of the ways it's a complete pain (and centralized) interacting in the current world is, it really highlights why this is so important of a shift in the world. what can be done is endless and will change every interaction.
Another great update. Thanks Paragism.
The new networks are challenging eth and BTC to improve their performance as a network but are really far away when we talk about invested money... So eth and BTC will rule the criptoworld (even not being the best networks for transactions) for few more years