What are solid, long-term reasons to invest in Ethereum over Bitcoin?

Ethereum offers the best long-term potential of any cryptocurrency.

Bitcoin was revolutionary growth when it first time came out and can continue to worthy. 

If call Bitcoin  1.0 cryptocurrency, then Ethereum is cryptocurrency 2.0. 

Ethereum has taken the real innovations of bitcoin and improved on them while adding new features (smart contracts) and eliminating the negatives.

Bitcoin had the first-mover advantage, but Ethereum is rapidly closing the gap. We can compare the growth of Ethereum to Bitcoin in the following charts:

There were 316788 Transactions on Monday, June 26, 2017, in the Ethereum blockchain.

Below is a chart of the confirmed trades over the Bitcoin blockchain.

Which chart appears extra bullish?

There are previously above half a just as many transactions in the Ethereum blockchain just as the Bitcoin blockchain and Ethereum exponentially are growing, while Bitcoin has reached its maximum capacity for nowadays. Cryptocurrencies, like social networks, have incredibly strong network effects.  As the adoption of Ethereum continues to grow, its utility and value will increase exponentially.

As you can see from the chart above, Bitcoin was experiencing rapid growth until the beginning of 2017. The following graph of the Bitcoin meme pool will explain why the growth has flatlined.

 Extremely bullish? 

Well, in this case, higher is not better. The meme pool consists of all the data from Bitcoin transactions waiting to be confirmed. 

There is currently a backlog of over 5,500,000 transactions! Bitcoin can only process a maximum of 7 transactions per second so it would take approximately ten days to clear the backlog if no new transactions are made. 

Even though more and more people are introduced to Bitcoin every day, the network cannot handle any more transactions. 

Because of this, many developers have chosen to develop their apps on the Ethereum blockchain instead. In the case of Storm, they moved from the Bitcoin blockchain to the Ethereum blockchain because of the network congestion and high fees.

Even although the price of Ethereum has already understood significantly in 2017, there is still 10x, maybe even 100x long-term upside from current levels. 

Ethereum has not come close to mainstream adoption yet, but there are hundreds, possibly thousands of applications in development. 

Many of these applications are focused on making Ethereum more accessible and user-friendly. The world wide web was extremely inaccessible in the early days until Netscape came along and made it much easier for the general public to browse the internet. 

As the experience of browsing the web became much more accessible, usage exploded. Ethereum has not had its “Netscape” yet, but it is in development. 

As these projects come online over the next few years, millions of people will be introduced to Ethereum, and its value will skyrocket.

Recognize some of those ongoing companies?

While the global public is just becoming knowledgeable of Ethereum, it already also has the backing of the large global corporations. 

The formed Enterprise Ethereum Alliance consists of giants such as Intel recently, J.P. Morgan, and Microsoft. 

The EEA introduced on Feb 28, 2017, with 30 members.

 In the first three months, it has already added 88 new participants and has received more than hundred of new applications. 

Major corporations have recognized the excellent potential of Ethereum and are hurrying to capitalize on it.

there were some growing pains on the way likely, but Ethereum has an outstanding development team. 

Ethereum’s founder, Vitalik Buterin is truly well-appreciated, and many people in the Ethereum community have trust in his vision. 

Having a solid leader at this stage in development is extremely important because protocol upgrades could be much more simply completed. 

Since Ethereum is a new cryptocurrency relatively, its developers have had the opportunity to understand from problems that Bitcoin and other previously cryptocurrencies have made and acquired plans to fix them preemptively.

Here are several of the upgrades that are currently in development:

Scalability improvements - Raiden system makes 1,000,000+ transactions per second possible. Ethereum can currently handle about 15 transactions per second, whilst Bitcoin is limited to about 7.

Anonymous transactions - Zk-SNARKs will significantly increase privacy by enabling completely anonymous transactions.

The transition from proof-of-work to proof-of-stake - This will avoid miner centralization, secure towards 51% attacks, and reduce the inflation rate.

The Ethereum standard protocol is continuously evolving, there are multitude applications in development, and the user base is growing. It’s only a matter of time before Ethereum overtakes Bitcoin as the #1 cryptocurrency.