Popularity Ethereum passes bitcoin!

Summary: Ethereum is more popular than bitcoin for the first time. The larger transaction volume is not yet translating into a price increase, but promising for the future of technology.

At the beginning of this week, more transactions were taken on the public Ethereum network than on bitcoin. The transaction volume of Ethereum has been flirting for a while with that of the more famous bitcoin, but now only the overtaking movement seems to be a fact. Although Ethereum's popularity is not immediately felt in the course of the ether, it is good news for the future of the blockchain technology itself.

Ethereum is not a competitor for bitcoin. Bitcoin is a digital coin that uses blockchain technology, Ethereum is a blockchain that is used for much more than money alone. Developers can very easily build applications on top of the public Ethereum blockchain. It serves as a safe log without having to roll out a blockchain. The applications need nothing at all with money. The Ether coin behind Ethereum can show you more like a kind of token that allows applications to pay their access to the public Ethereum chain. Ethereum is thus a driving force for the implementation of smart contracts.

Where bitcoin is a fascinating experiment in digital money, your Ethereum can thus be seen as a first broad application of the blockchain technology in many practical scenarios. For example, Microsoft continues to build on Ethereum. The transaction volume shows that technology is estimated to be valuable.

Why the course of the Ether has not yet flown in is not entirely clear. Presumably, the temporarily very high rate of bitcoin has something to do with it. Money-winning aside, we see today a sign on the wall for a future in which the blockchain becomes omnipresent.