Ethereum poses a challenge to Bitcoin's dominance as the top cryptocurrency. While Bitcoin still has first-mover advantage, recent issues resolving its scalability challenges have highlighted Ethereum's technical advantages like its ability to adjust block sizes through miner voting. Experts disagree on whether Ethereum can overtake Bitcoin - some believe it has potential given its growing capabilities for decentralized applications, while others argue Bitcoin's large investment and mining network provide an insurmountable lead. The outcome remains uncertain as both cryptocurrencies continue to evolve.

1. teamsteverhyner.com http://www.teamsteverhyner.com/is-ethereum-about-to-topple-bitcoin/
Steven L.
Rhyner
Is Ethereum About To Topple Bitcoin?
Currently ranked next to Bitcoin in price, Ethereum is a cryptocurrency that challenges Bitcoin.
Several altcoins have come and gone, a lot of others are still in existence. Bitcoin however still remains the most
popular and most valued cryptocurrency.
Recent challenges have emerged within the Bitcoin blockchain that has seen the efficiency of transaction drop by
some reasonable ratio. The concern for users of Bitcoin may not be limited to the drop in efficiency, but to the
protocol involved in resolving the ongoing challenges as developers seek a consensus.
Ethereum which utilizes a different protocol, has performed impressively and become very popular among the other
cryptocurrencies.
It has several attractive attributes and growing awareness within the crypto-ecosystem. But can it de-throne Bitcoin?
Block size changing mechanism
Roman Mandeleil, CEO & Founder at responded:
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2. “Time will tell, and I think we are on the right track.”
He further explained that while in the Bitcoin world the size of the block is a constant value and to change it, you
need a verbal agreement from the people and an active update of the software, in Ethereum’s world the miners vote
on the blockchain increase (or decrease) in block size, and the mechanism is already there as the stakeholders
keep adjusting the size from time to time.
Ethereum
can
challenge
Bitcoin
The Co-founder at Cashila, Jani Valjavec gives it to Ethereum. In his words,
“The current phenomenon for Ethereum’s rise of exposure is primarily because of the ongoing fights
with no realistic solution in reasonable time frame in the Bitcoin camp. However, the 2nd part of
Ethereum’s rise (connected with price of course) is the upcoming release on Homestead (means
Ethereum will be out of BETA on march 14th) and ongoing good news regarding ddaps built on top of
Ethereum.”
He went on to say that Ethereum will establish a firmer position than Bitcoin. Identifying that it is a system on which
not only tokens of value can be exchanged, but where decentralizedapplications are able to run and added that
even Bitcoin could run on Ethereum. But not the other way around.
Aleksandar Matanovic is the CEO & founder of EC District. He recognised the initial momentum that has propelled
Bitcoin very far and the amount of work any challenger shall have to do. He also identified the potential of Ethereum
saying:
“Bitcoin had a huge first-mover advantage and probably no other cryptocurrency related project will
ever create so much hype. However, it doesn’t mean that no other altcoin will ever match Bitcoin in
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3. number of users or market cap. Ethereum still has a long way to go, but it does look like a strong
candidate to challenge Bitcoin’s domination in the realm of cryptocurrencies.”
It’s still a Bitcoin’s world
The Founder of Cryptopay, George
Basiladze recognised the potential
of Ethereum, but also identified its
limits when placed side by side with Bitcoin. George commented:
“Ethereum would play a great role in the future in case the protocol would get more updates and
would be more, let’s say more developer friendly. However, giving the amount of funds invested in
bitcoin companies and especially in mining, I do not think that Etherium would beat bitcoins.”
Re-posted from www.cointelegraph.com March 9, 2016 by Lyke Aru
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