Many focus upon Bitcoin which is still the undisputed king in the cryptocurrency world.
That said, Ethereum is starting to make a great deal of noise. Many are excited about the shift from a Proof-of Word blockchain to Proof-of-Stake.
We now see a report that claims Ethereum is showing itself to be better "money" than Bitcoin.
In an analysis of over 10,000 Ethereum addresses, the amount of Ethereum that goes through payment processors far exceeds that of Bitcoin.
Professor Adam Cochran did the study to reach these conclusions.
A big part of the theory is that 16% of Ethereum moved in the past 90 days as compared to just .36% of Bitcoin.
Over half of all Bitcoin hasn’t moved in over a year. One in five Bitcoins hasn’t moved since 2015. Only 0.36% of Bitcoin, or about one in 280, has been through a payment processor in the past two years, said Cochran.
This is no surprise since Bitcoin is known for its loyal Whales. Part of the strength of the Bitcoin community is people tend to hold their tokens regardless of what is happening.
While this is good for the value of the coin, it does show that little is being used as money. Instead, it is speculation upon higher prices.
Ethereum is showing itself to be a bit different. In this regard, there is utility that is not present with Bitcoin.
When it comes to usage as money, Ether is 440 times more transacted than Bitcoin. This demonstrates that Ethereum is regularly used to facilitate real-world transactions.
“ETH is money,” plain and simple, Cochran concluded.
https://cryptobriefing.com/data-shows-ethereum-better-money-than-bitcoinBitcoin proponents will strongly disagree with the professors findings. Many have question the ability for BTC to scale to the levels required to truly operate as "money". At the same time, Ethereum is in the process of solving this problem, at least in part, by going to a POS structure.
It does appear that, for larger transactions, Bitcoin is still king. People might be using Ethereum to pay gas fees but, when it comes to sending larges amount of money, Bitcoin still is the preferred cryptocurrency.
Either way, having two strong cryptocurrencies making progress will only enhance the entire industry.