Founder of Confirmation: ETH will drive cryptocurrency towards one billion users, ultimately surpassing BTC

Odaily Planet Daily News - Confirmation founder Nick Tomaino has published an article explaining the reasons why ETH has surpassed BTC. He pointed out that although BTC has achieved a market value of $2 trillion through the concept of "trustless value storage", it has now evolved into an asset favored by institutions and governments, with high concentration and lack of practical application support. One entity holds over 2.5% of BTC, and its ecosystem lacks practical applications to introduce new users. In contrast, ETH is a trusted and neutral Internet native value storage. As the underlying asset of the developer platform, ETH supports the stable currency DeFi、NFT、 Key tracks such as predicting the market, decentralized social networking, and identity. Almost all the new use cases that have driven industry development in the past decade have emerged from Ethereum and are continuing to grow. These applications not only expand the size of encrypted users, but also continuously enhance their scarcity through ETH as a settlement and collateral asset. Nick stated that it is wrong for extremists to advocate for only one trustworthy and neutral store of value, and although there may be more options in the future, there are currently only two truly viable options: BTC and ETH.