REASON No 1
Ethereum has more ambitious goals than Bitcoin.
It is operating as a decentralized network on top of which applications can be built. Many cryptocurrency tokens are issued over the Ethereum network.
When people compare Bitcoin and Ethereum, it’s a bit like comparing gold with electricity. They are both valuable but have very different uses (…) Ethereum is infrastructure. It is a blockchain that is in the early days but has the potential to revolutionize finance and technology.”Alex Adelman, CEO and co-founder of Lolli says.
REASON No 2
Ethereum has more potential and will bring more development.
Ethereum utility is limited only by the developers’ creativity and imagination.
The number of Ethereum-related repositories on the developer platform Github is 263, to Bitcoin’s four only. The repositories are project folders where developers collaborating through the Github platform can access project details.
REASON No 3
There’s a fundamental change in how blocks are created. Instead of Bitcoin miners with the most computing power having the greatest advantage in successfully creating new tokens, those with the largest ownership stakes are granted that right in the Ethereum universe.
Ethereum has been updated to mint new ETH through a process called proof of stake (PoS) (…) With PoS, users are required to put up collateral, or a ‘stake’ in the form of ETH to become a validator on the network. So the more ETH that is staked, the higher the value because there are fewer ETH in circulation.Daniel Polotsky, CEO and founder of CoinFlip, a Bitcoin ATM operator explains
In addition, proof of stake removes the costs associated with mining such as electricity and hardware costs, meaning that fewer ETH will be sold by miners. Instead, these ETH will be staked, driving up the value even furtherPolotsky says.
REASON No 4
The growth of decentralized finance (DeFi) is another bullish catalyst for Ethereum. The concept is that traditional financial intermediaries like brokers and exchanges get eliminated.
REASON No 5
It’s possible Ethereum’s higher risk profile will deliver potential for higher profits for investors.
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