Ethereum is the second most popular cryptocurrency by market capitalization which places him as the next competitor in Bitcoin. However, Bitcoin is mainly an investment asset, while Ethereum is used in the development process, intelligent contracts, decentralized application (DAPP) and decentralized financing (DEFI).
Unlike proof of work, which uses energy to validate transactions, proof of participation is almost energy efficient of 99.95% and is also scalable.
Ethereum’s constant growth and expansion have made this blockchain a key element in web3 technology. At the end of last year, the main banking institutions estimated that Ethereum could exceed the Bitcoin market capitalization in the early 2030s and, with the growing prospects of Defi and NFT, this is quite possible.
