Have I got my understanding of Ethereum’s strengths understood?

Cryptocurrency News and Public Mining Pools

Have I got my understanding of Ethereum’s strengths understood?

  • First mover advantage for smart contract technology space; strong brand recognition as the hegemon, similarly to BTC in the cryptocurrency space but specifically in the smart contract space;
  • Smart Contract tech vs. BTC's store of value tech is a more wide-ranging use case in an ever-digitising world
  • Network size/development history; proven trackrecord of success and improvements so far, and imaginably this will continue even despite competitors like SOL
  • Many Layer 2s and Stablecoins rely on the ETH network so their success feeds into ETH's (and vice versa) – with the example of Polygon, it provides ETH more scalability, lowers the fees and increases the speeds, at least until ETH itself is able to achieve these feats within the first layer
  • (At present) disinflationary due to burn rate; not so negative in the face of long term holding in this particular area
  • Staking (at least if you have a lot of ether or you want to be a part of a staking pool)
  • NFTs (I mean some people think that's important, right?)
  • Good history for going up in value already, and a better record in this area than BTC, making it potentially more bullish; Spot ETF on the way already too

Anything I'm forgetting? I'm more or less comparing ETH to BTC in a few areas, so forgive me if my lens for comparison is a little limited

submitted by /u/thapussypatrol
[link] [comments]