Goldman Sachs Believes Ethereum Beats Bitcoin, New Leaked Report Reveals PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Goldman Sachs verjame, da Ethereum premaga bitcoin, razkriva novo uhajalo poročilo

Goldman Sachs Group Inc, an American multinational financial services company, has weighed in on the controversy between Bitcoin and Ethereum, emphasizing its support for the latter. Excerpts from the bank’s leaked Global Macro Research paper, posted on Twitter by Santiago Santos, General Partner at ParaFi Capital, showed the bank tackling and analyzing the key arguments that back Ethereum to overtake Bitcoin as the primary store of value in the near future.

Ethereum Has A High Chance Of Overtaking Bitcoin

Bitcoin and cryptocurrencies have crashed over last week, with an electrifying $1.3 trillion wiped from the combined crypto market price.

According to a leaked report from Goldman Sachs, ethereum, the second most powerful cryptocurrency with a market capitalization of about $250 billion, has a good chance of overtaking bitcoin as the “dominant” store of value, dubbed the “Amazon of Information.”

Goldman Sachs noted that the tag of the Ethereum blockchain as a potential store of value draws on its growing use cases as it hosts a large number of DApps and smart contracts.

»Glede na pomen resnične uporabe pri določanju hranilnika vrednosti ima Ether velike možnosti, da bo Bitcoin prehitel kot prevladujoče skladišče vrednosti. Ekosistem Ethereum podpira pametne pogodbe in omogoča ustvarjanje novih aplikacij na svoji platformi. Večina programov za decentralizirano financiranje (DeFi) je zgrajenih v omrežju Ethereum, večina izdanih nezamenljivih žetonov (NFT) pa je kupljenih z uporabo etra. Večje število transakcij v Eteru v primerjavi z Bitcoini odraža to prevlado, «piše ​​v poročilu.

The Ethereum blockchain’s utility was also emphasized in terms of the ability to store digital data in exchange for tokens. This creates an increasing market for Non-Fungible Tokens (NFTs), which are rare collectibles or tradable digital objects. Ethereum is home to a variety of NFTs and transactions, which are usually made with the ETH cryptocurrency.

“Unlike bitcoin, ethereum is not just a value token, meaning it actually fuels all use cases built on top of the ETH blockchain,” Kosala Hemachandra, the chief executive of MyEtherWallet, je dejal corroborating the Goldman Sachs position while pointing to “DeFi, NFTs, decentralized applications.”

Povezani članek | Goldman Sachs bo vlagateljem začel ponujati izvedene finančne instrumente bitcoin 

Outperforming Bitcoin Is Feasible

Even after the market collapse of the last week, the price of ethereum has outperformed the price of bitcoin in the last 12 months, with ethereum adding around 1,000 percent to the 300 percent price of bitcoin.

Meanwhile, some assume that long-awaited Ethereum updates, which began at the end of last year and are aimed at expanding Ethereum’s scope and lowering transaction costs, would enable the Ether price to hit new highs.

According to Kosala Hemachandra, CEO of MyEtherWallet, unlike Bitcoin, ethereum is more than just a store of value, as all use cases built on the ETH blockchain point to DeFi, NFTs, and decentralized applications.

Despite the fact that Ether remains the most widely used blockchain in the world, it has had issues in the past. It is not sustainable due to the amount of energy required to produce coins.

Ethereum, like Bitcoin, uses “proof of work” to keep the network running. Complex technology calculations necessitate the use of a vast army of machines, each of which consumes a significant amount of energy. Experts estimate that Ethereum is used in Libya at a rate of 45,000 gigawatts.

Goldman Sachs Believes Ethereum Beats Bitcoin, New Leaked Report Reveals PlatoBlockchain Data Intelligence. Vertical Search. Ai.
ETH/USD is slowly regaining steam. Source: TradingView

Povezani članek | Ethereum is at a Pivotal Point; Here are the Key Levels to Watch

Predstavljena slika iz Unsplash, Grafikoni iz TradingView.

Source: https://bitcoinist.com/goldman-sachs-believes-ethereum-beats-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-sachs-believes-ethereum-beats-bitcoin

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