The Flippening Is Starting to Go Into Effect as Ethereum Tries to Surpass Bitcoin

In terms of market cap, Ethereum is still all behind Bitcoin. There is a US$15bn gap which needs to be bridged over the coming months and years. If the current trend keeps up, that will be a trivial matter, though. Additionally, Ethereum sees fewer transactions compared to Bitcoin. It is interesting to note this gap is closing slowly, though, although it remains to be seen how things will play out. Ethereum has been catching up quickly, though. The flippening pertaining to these aspects will happen sooner or later.

Two areas where Ethereum is ahead of Bitcoin are the mining rewards and number of nodes. More specifically, the 24-hour mining rewards for Ethereum are almost twice as high as Bitcoin’s. That is only normal, as Ethereum has a higher block reward compared to Bitcoin. Then again, one Bitcoin is worth over six times as much compared to one ETH. When Ethereum switches to proof-of-stake later this year, these numbers will shift again, though.

Ethereum has a lot more nodes than Bitcoin, that fact no one can deny. In fact, there are almost four times as many Ethereum nodes right now. One could argue the network doesn’t need this many nodes, though. Then again, it is nice to see this number increase as more time progresses. Right now, there is no reason to believe Ethereum will not pass Bitcoin in market cap very soon. Whether or not that is a good thing, remains to be seen. It will be an integral part of the flippening when this happens.

Read more here: http://www.altcointoday.com/flippening-starting-go-effect-ethereum-tries-surpass-bitcoin/

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