I would really like to know on ethereum perfomance
Do better? First, let’s see it reach its all-time high again
Thorne said:
Do better? First, let’s see it reach its all-time high again
I’d be satisfied with $4420.69
Thorne said:
Do better? First, let’s see it reach its all-time high again
The issue with ETH trying to compete with BTC is that ETH is more like gas while BTC is seen as a rare resource
People pushed the idea of ETH being deflationary as it began to burn tokens, which helped its value go up, but this made the network costly and less user-friendly. Competing chains emerged. Layer 2 solutions and protocol updates have made ETH transactions more affordable, but at the cost of that deflationary aspect. You can’t have a token that gets pricier while also having high usage.
Just look at Tron. It used Ethereum’s code, copied its deflationary ideas, and gained traction with USDT transactions, but is now more costly due to its burning model. If popular networks don’t keep transactions cheap, users will look for alternatives.
Ethereum, its layer 2s, Solana, BSC, Tron, Avalanche, Polygon, and others are all competing for stablecoin transfers, which seems to be the main selling point for crypto. These platforms need to stay economical. Meanwhile, BTC stands alone. It can remain slow and relatively costly and still succeed because it’s simply digital gold without any direct competitors.
@Wes
Your take on the “ultrasound money” idea being the reason for high fees is not correct.
Gas prices always depended on the market, whether before or after the shift to PoS. The transition from miner tips didn’t change costs; it just shifted where fees went.
The PoS switch actually led to lower gas prices, as blocks got processed faster and it reduced significant price spikes. Switching to PoS raised the network’s throughput by about 10%.
The reason for high costs is simple: more people use Ethereum compared to others. If Bitcoin had the same amount of traffic, its fees would be outrageous.
Right now, Ethereum is doing what Polkadot aimed for with its L2 solutions. For main chain transactions to work for everyone, the chain needs to significantly boost its speed. I can’t see that happening right now without sacrificing decentralization.
Thorne said:
Do better? First, let’s see it reach its all-time high again
Someone should wake him up.
To summarize, Ethereum has outperformed Bitcoin at times but has struggled since the bear markets of 2018-2019 and 2022-2023. In 2024, Ethereum is lagging behind Bitcoin, with ETH/BTC ratios hitting a three and a half year low. Its performance issues are tied to an inflationary supply after a recent upgrade and negative ETF trends. But Ethereum is still a strong asset with chances for recovery and could outperform Bitcoin in the next market cycles, especially starting in early 2025.
*This summary is generated by a bot and isn’t meant to replace reading the original article. Always do your research.
@Ashley
I wouldn’t say Ethereum historically did better than Bitcoin when it has only happened once, 7 years back…
But I don’t need to write articles every two weeks to keep my job
BlockchainBanter said:
@Ashley
I wouldn’t say Ethereum historically did better than Bitcoin when it has only happened once, 7 years back…
But I don’t need to write articles every two weeks to keep my job
I recall that moment. I swapped all my ETH for BTC, then ETH shot up.
BlockchainBanter said:
@Ashley
I wouldn’t say Ethereum historically did better than Bitcoin when it has only happened once, 7 years back…
But I don’t need to write articles every two weeks to keep my job
Dude, relax. You are literally responding to a bot 
@BlockchainBard
They’re talking about the article, not the bot itself
I often wonder what the legit cryptos could be worth if there weren’t so many useless coins taking up so much investment.
Clay said:
I often wonder what the legit cryptos could be worth if there weren’t so many useless coins taking up so much investment.
Actually, those low-quality coins ironically bring a lot of money into their ecosystems. The fees for minting, trading, and burning funnel back into their main networks. So they actually help the crypto economy in a way.
@Marston
Low-quality coins are scams and don’t really help crypto in the long run.
Clay said:
I often wonder what the legit cryptos could be worth if there weren’t so many useless coins taking up so much investment.
I feel the same about ETH as a huge Bitcoin supporter. It’s like the biggest low-quality coin of them all, constantly creating more junk on the ledger with no real value. If you mix enough trash in a blender with liquidity, trading volumes, and loans, maybe something groundbreaking like the iPhone could come from it.
@Lex
Just leave already Bitcoin supporter.
Clay said:
I often wonder what the legit cryptos could be worth if there weren’t so many useless coins taking up so much investment.
That’s me when I think too much at 2 am
Clay said:
I often wonder what the legit cryptos could be worth if there weren’t so many useless coins taking up so much investment.
Total mc/21 million
Clay said:
I often wonder what the legit cryptos could be worth if there weren’t so many useless coins taking up so much investment.
The best way to gain from low-quality coins is to stake or be a validator.
The magic 8 ball says maybe