/biz/ - Business & Finance

[Anonymous No.16077176]

Why is Ethereum the #2 cryptocurrency?

[Anonymous No.16077208]

Because smart contracts.

Bitcoin was the first online money to take off, but all you could really do was manually send from address 1 to address 2.

ETH is basically the same thing, except you can "program" transactions:
>sent X amount at time Y if condition Z is fulfilled".
A very big change, and a lot of interest was generated from the real world of finance and business.

Of course, you need external connectivity for this "smart contract" system to work with non-blockchain data, which is where decentralized oracles come in, making Chainlink the next big leap in crypto (and likely the biggest).

[Anonymous No.16077218]

>>16077176
It should be number one given that 70% (or more) of other cryptocurrencies are built on it.

[Anonymous No.16077231]

>>16077176
Give it a few years and it'll be #1

[Anonymous No.16077280]

>>16077176
I dunno but I just flushed a huge eth down the toilet.

[Anonymous No.16078087]

>>16077208
Once the scales smart contract system is in place with a reliable oracle system piping information into it, you will see a massive automated economy with millions of transactions daily. ETH and LINK are going to be huge. And we will finally have the ability to throw rent-seeking middlemen into the metaphorical oven.

[Anonymous No.16078267]

>>16077218
even if you combine them by market cap BTC will still be #1

[Anonymous No.16078280]

>>16077176
It's shit, but everything else is that much shittier.

[Anonymous No.16078299]

It is a goos question. I think ALGO is better, I recently went to one of their hackathons and its way easier to build on it, more scalable and more devs will be able to use it now its Sharia-Law certified.

[Anonymous No.16078310]

Because BTC got there first and it's the only crypto normies know about