Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

This Altcoin Will Likely Unseat Bitcoin (BTC) As Top Cryptocurrency, Says Blockchair Lead Developer

by Daily Hodl Staff
June 10, 2020
in Bitcoin, Ethereum
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
ADVERTISEMENT

The lead developer of the blockchain search and analytics platform Blockchair says an altcoin will likely replace Bitcoin (BTC) as the leading cryptocurrency within the next five years.

In a series of tweets, Nikita Zhavoronkov explains why he believes BTC’s lack of smart contracts, new privacy features, and scaling technologies will eventually spell trouble for the king coin.

He says Ethereum, currently the second largest cryptocurrency by market cap, will most likely topple BTC, although other digital assets may also rise to the top position in the crypto market.

Zhavoronkov points to Ethereum 2.0, which is designed to dramatically improve Ethereum’s transaction speed and volume through a proof-of-stake system, as the potential turning point.

“Now, where does Bitcoin stand today? It’s been 5 (five!) years since the scaling debate has started (an eternity!). And instead of having another round of the debate, we can now draw some conclusions on what happens if there’s no on-chain scaling…

If Bitcoin further stagnates while other cryptos flourish, the dominance will continue to drop. And now comes the biggest potential disaster for Bitcoin. Imagine, PoS on Ethereum is finally ready and everyone will rush to buy 32 ETH to stake (quite a probable scenario).”

The long-awaited ETH 2.0 upgrade will launch in a series of steps. The initial release, dubbed phase 0, could happen at the end of this year or early next year, according to testnet coordinator Afri Schoedon.

Zhavoronkov says anyone who doubts Ethereum’s ability to flip Bitcoin should look at the history of the internet and realize just how volatile and wild the crypto market really is.

ADVERTISEMENT

“General media will start talking about Ethereum, they will report Ethereum price instead of Bitcoin. Bitcoin will instantly become fool’s gold taking its place near Litecoin and Dogecoin. A historical relic like ARPANET, Myspace, or AltaVista…

In order to overthrow Bitcoin, Ethereum needs to grow just 6x compared to Bitcoin. Not at all an impossible scenario (we’re in crypto, remember?).”



Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,042.00
$49,042.00
4.63%
Ethereum
$1,591.28
$1,591.28
9.48%
Binance Coin
$231.95
$231.95
5.78%
Polkadot
$34.07
$34.07
5.49%
Cardano
$1.14
$1.14
3.61%
XRP
$0.466728
$0.466728
3.41%
ADVERTISEMENT

Spotlight

  • Max Keiser Says Bitcoin Could Rise 300x, Top Crypto Targeting US Dollar Dominance
    March 1, 2021
  • Five Crypto Projects Are Going Mainstream This Month, Says Altcoin Daily’s Austin Arnold
    March 5, 2021
  • Whale Abruptly Sends $400,000,000 in Bitcoin to Coinbase in Massive Crypto Transfer
    February 27, 2021
  • Bitcoin Could Be at Start of Massive Mainstream Transformation: Citi Report
    March 3, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.