Ethereum Better Money Than Bitcoin
Many focus upon Bitcoin which is still the undisputed king in the cryptocurrency world.
That said, Ethereum is starting to make a great deal of noise. Many are excited about the shift from a Proof-of Word blockchain to Proof-of-Stake.
We now see a report that claims Ethereum is showing itself to be better "money" than Bitcoin.
In an analysis of over 10,000 Ethereum addresses, the amount of Ethereum that goes through payment processors far exceeds that of Bitcoin.
Professor Adam Cochran did the study to reach these conclusions.
A big part of the theory is that 16% of Ethereum moved in the past 90 days as compared to just .36% of Bitcoin.
Over half of all Bitcoin hasn’t moved in over a year. One in five Bitcoins hasn’t moved since 2015. Only 0.36% of Bitcoin, or about one in 280, has been through a payment processor in the past two years, said Cochran.
This is no surprise since Bitcoin is known for its loyal Whales. Part of the strength of the Bitcoin community is people tend to hold their tokens regardless of what is happening.
While this is good for the value of the coin, it does show that little is being used as money. Instead, it is speculation upon higher prices.
Ethereum is showing itself to be a bit different. In this regard, there is utility that is not present with Bitcoin.
When it comes to usage as money, Ether is 440 times more transacted than Bitcoin. This demonstrates that Ethereum is regularly used to facilitate real-world transactions.
“ETH is money,” plain and simple, Cochran concluded.
https://cryptobriefing.com/data-shows-ethereum-better-money-than-bitcoin/
Bitcoin proponents will strongly disagree with the professors findings. Many have question the ability for BTC to scale to the levels required to truly operate as "money". At the same time, Ethereum is in the process of solving this problem, at least in part, by going to a POS structure.
It does appear that, for larger transactions, Bitcoin is still king. People might be using Ethereum to pay gas fees but, when it comes to sending larges amount of money, Bitcoin still is the preferred cryptocurrency.
Either way, having two strong cryptocurrencies making progress will only enhance the entire industry.
Image from article linked.
And how about STEEM/HIVE being a crypto with most transactions? )
Well said. But look at how Steem has lost its value over time, as Bitcoin had
made gains. It seems that the through put of a crypto-currency and its price are negatively correlated. Why is that? Could it be because of network effects, the most primitive crypto-currency, Bitcoin, has all of the users that are transacting values over $5. Golos is similar to Steem and its whole marketcap is worth-less than an a single two-bedroom apartment in North Vancouver.
**It does appear that, for larger transactions, Bitcoin is still king. **
Sorry but i dont agree with this statment.
I just dont understand why people are always saying this, i made a transaction and it took me like more then 60 minutes and the fees are very high like 1$ and even 50$ at its all time high.
XLM can make a transaction in 60 seconds and it costs 0.01 xlm to move it.Yet people still make bitcoin like its free and fast as lightning.
One word:
LIQUIDITY