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14.04.202101:55 Forex Analysis & Reviews: Mark Cuban: Ethereum may surpassed Bitcoin

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Exchange Rates 14.04.2021 analysis

The notorious billionaire from Dallas, Mark Cuban, is almost sure that Ethereum has the capacity to be on a par with Bitcoin and even leave it behind to take the lead. The developers of Ethereum have plans to implement huge changes to the network. The projection plans to reduce the commission and start the process of burning coins, which has become a bone of contention for miners. In this case, this network will have a completely new way of verifying transactions in the future. A lot of transactions can be performed in a second.

Cuban is optimistic about the Ethereum blockchain due to its innovative functionality and the ability to conduct secure financial transactions without the help of third parties. He believes that applications using smart contracts and Ethereum extensions will leave Bitcoin behind. And although he admitted that he is not going to sell his Bitcoin ever, he still praises ETH more than BTC. It is worth noting that the Ethereum network has played a central role in the growth of non-fungible tokens or NFTs, collectible digital assets that cannot be traded with each other at equal value.

The network should be eco-friendly and convenient for customers. If so, this will be a turning point in the use of Ethereum as a means of saving finances.

Vitaly Kolesnikov
Analytical expert of InstaForex
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