Bitcoin may be the King of Cryptomarket for now but I dont think this is gonna last longer. We can take the example of Nokia. Nokia failed because it couldnt adjust the needs of growing users and ultimately it got bizzairely defeated. Same is the case for Bitcoin right now. It is facing great difficulty in adjusting the need of people. Some of the greivances of people are mentioned below:
Bitcoin can handle only 10,000 transactions per second while the power of handling the transaction of Etherium is more than 30,000 transactions per second. More than 3 times than that of Bitcoin.
Transactions are time consuming in Bitcoin while the transactions are pretty quick in Etherium than that of Bitcoin.
The transaction fee of Bitcoin is quite higher than that of Ehterium.
More transaction fee has to be paid inorder to complete transaction faster in Bitcoin.
Bitcoin is the target of large institutions like Bank for Int'l Settlement, World Bank etc due to its dominance in the market.
Source: Coinmarketcap.com (17/06/2017 9:25 NST)
In the above table, we can observe that the difference in the market cap between Bitcoin and Etherium is very narrow. If the price of Bitcoin decreases by around 15% and the price of Etherium increases by 15% at the same time, Etherium will definitely surpass the Bitcoin in term of Market Capitalization.
Regards,
Nimdorje Sherpa
