Has Etherum become more or less lucrative?
Asked 4 years ago
Good evening everyone. Statistically, has Ethereum become more or less lucrative than Bitcoin?
Ramon House
Wednesday, March 23, 2022
Ethereum’s increasing popularity, particularly in smart contracts, DeFi, and NFTs, has made it a potential competitor to Bitcoin – though its market capitalization and market share are still half that of Bitcoin. First, Ethereum outperformed Bitcoin in all the quarters of 2021, even during the crypto sell-off in the second quarter. Secondly, Ethereum’s shift to Proof-of-Stake (PoS) mining mechanism is more lucrative (you spend less energy and don’t require expensive hardware) and eco-friendly than Bitcoin’s Proof-of-Work mechanism.
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