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    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Best Crypto Airdrop Twitter Channels to Follow in 2023; Here’s the Top 5 List

    Best Crypto Airdrop Twitter Channels to Follow in 2023; Here’s the Top 5 List

    Top 10 Online Forums for Crypto Enthusiasts To Join In Jan 2023

    Top 10 Online Forums for Crypto Enthusiasts To Join In Jan 2023

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Gala Games 2023 Roadmap – Play to Earn

    Gala Games 2023 Roadmap – Play to Earn

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    The Harvest Launches Open Beta

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    Project Red Opens Public Alpha

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    Continuum World First Explorer Launch

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    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Best Crypto Airdrop Twitter Channels to Follow in 2023; Here’s the Top 5 List

    Best Crypto Airdrop Twitter Channels to Follow in 2023; Here’s the Top 5 List

    Top 10 Online Forums for Crypto Enthusiasts To Join In Jan 2023

    Top 10 Online Forums for Crypto Enthusiasts To Join In Jan 2023

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

  • Play2Earn
    Axie Wraps up Homeland Season 0

    Axie Wraps up Homeland Season 0

    Gala Games 2023 Roadmap – Play to Earn

    Gala Games 2023 Roadmap – Play to Earn

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    The Harvest Launches Open Beta

    Project Red Opens Public Alpha

    Project Red Opens Public Alpha

    The Sandbox Hosts WBDD Release Party Event

    The Sandbox Hosts WBDD Release Party Event

    Continuum World First Explorer Launch

    Continuum World First Explorer Launch

    Build and Earn with VoxEdit and Blankos

    Build and Earn with VoxEdit and Blankos

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Polygon Founder Says Ethereum Is Set To Replace Bitcoin As The Global Standard

2021-10-02
in Ethereum
0
JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum
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Bitcoin nonetheless stays the highest crypto challenge within the area. Nevertheless it no secret that Ethereum has been shortly catching up with the pioneer cryptocurrency. Ethereum’s decentralized finance (DeFi) use instances have been the key contributor behind this area as buyers have flocked to the blockchain to incomes returns on their crypto holdings. This has given rise to widespread Layer 2 options like Polygon.

Not too long ago, co-founder and COO of Polygon Sandeep Nailwal was on Cointelegraph to speak about the way forward for the main good contracts blockchain. Ethereum is the quantity 2 layer 1 blockchain, solely behind bitcoin. And Nailwal believes that it is just a matter of time earlier than the blockchain takes over because the main Layer 1 protocol. He credit this to quite a few causes and variations between the 2 blockchains.

Associated Studying | Over $5 Billion In Bitcoin And Ethereum Moved From Chilly Wallets Amid China Crackdown

The DeFi Area Is Booming

Throughout an unique interview with Cointelegraph, the COO outlines the explanation why Ethereum was set to take over from bitcoin because the main layer 1 protocol. Nailwal cited the expansion of the DeFi area as a significant push for this takeover. It’s because nearly all of the decentralized finance actions have been carried out on Ethereum, which made it “the last word settlement layer.”

Its reputation has pushed ETH to turn into much more helpful as a blockchain which places it instantly ready to overhaul the highest cryptocurrency. “Eventually, ETH will outpace Bitcoin and turn into the worldwide normal,” the COO mentioned. Nailwal identified that Polygon will play a significant position within the long-term success of the blockchain with the scalability options which it offers.

Associated Studying | Crypto Analyst Says Ethereum Market Is A “Ticking Time Bomb”, Right here’s Why

Extra than simply beating out Bitcoin for the highest spot, the co-founder expressed that the blockchain could the truth is not exist 10 years from now. That is due to the restricted use instances and the COO believes that if bitcoin is to outlive sooner or later, then it wants to supply extra capabilities than being a method of trade and funding.

Ethereum Filtering Out The Noise

With time, quite a few initiatives have come out of the woodwork to compete with Ethereum for the DeFi consideration it’s getting. Known as “ETH killers,” these blockchains have risen as much as take market share from the main DeFi platform. Solana has been on the forefront of this aggressive motion and has grown tremendously because it went up towards Ethereum.

Ethereum price chart from TradingView.com

ETH worth rebounds above $3,200 | Supply: ETHUSD on TradingView.com

Regardless of the rising reputation of different Layer 1 options, the co-founder of Polygon doesn’t imagine that there’s any blockchain that may take over Ethereum. The layer 1 answer has maintained a majority share of the market regardless of the rise of its opponents.

Ethereum will almost definitely preserve the highest spot out there for the foreseeable future. And with proof of stake scheduled to return to the blockchain subsequent yr, ETH is ready to dominate each the DeFi and crypto area.

Chart from TradingView.com

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