Data Shows Ethereum Is Better Money Than Bitcoin

2020-4-30 22:28

A look at over 10,000 Ethereum addresses shows that a much greater proportion of Ether actively circulates between payment processors, compared to similar figures for BTC.

A Deep Dive Into Ethereum

With Ethereum 2.0 on the way, the question of the network’s liquidity and practicality has loomed over the crypto industry. A recent analysis by a professor of Information Science at Conestoga College may provide some clarity on the matter.

Professor Adam Cochran analyzed the top 10,000 ETH addresses to find trends in how people interact with the Ethereum network. Cochran detailed the findings of his audit, which yielded some startling results.

In the mess of data one finding stood out—Ether is actually being used as money, contrary to what some vocal Bitcoin proponents have argued.

To do this, Cochran first estimated the true amount of ETH currently in circulation. He did this by deducing what proportion of ETH is believed to be lost or frozen, and further discounted funds that belonged to exchanges.

According to his analysis, roughly 9% of ETH is inaccessible, putting the true amount of Ether in circulation around 100 million.

Ethereum’s Real-World Usage Surpasses Bitcoin

Cochran then analyzed the amount of ETH in circulation that has passed through a payment processor, payment gateway, or smart contract in the past 90 days to estimate the proportion of coins that are being actively used.

With the exclusion of exchanges and multi-sig transactions, 16.2 million ETH is currently in “active circulation.” This, according to Cochran, means that Ether is regularly used both as money and as gas to power the network.

Although staggering on its own, the number becomes truly remarkable when compared to Bitcoin’s statistics.

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.

Ethereum and Bitcoin usage by Cochran

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.

The post Data Shows Ethereum Is Better Money Than Bitcoin appeared first on Crypto Briefing.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2907.53 (+0.21%)
Объем 24H $11.377b
Изменеия 24h: -1.85 %, 7d: -5.04 %
Cегодня L: $2892.34 - H: $2957.95
Капитализация $349.238b Rank 2
Цена в час новости $ 213.68 (1260.69%)

ethereum shows data bitcoin better money deep

Источник: cryptobriefing.com

ethereum shows → Результатов: 126


Waves, Verge, Ethereum Price: Waves' double bottom pattern shows promise of 23%-37% surge

Only, the Waves token shows promise with the formation of a double bottom pattern. Ethereum and Verge are all exhibiting bearish sentiment. Ethereum is stuck between the 50 and 200DMA while, Verge is The post Waves, Verge, Ethereum Price: Waves' double bottom pattern shows promise of 23%-37% surge appeared first on AMBCrypto.

2020-4-6 23:30


Ethereum Technical Analysis Sees ETH Track BTC Higher

Ethereum has a bullish short-term trading bias and a bearish medium-term outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed The daily time frame shows that a breakout above the $140 level could be very bullish for ETH/USD Ethereum is moving higher on Monday, as the second-largest cryptocurrency […] The post Ethereum Technical Analysis Sees ETH Track BTC Higher appeared first on Crypto Briefing.

2020-1-6 20:46


Ethereum Price Analysis ETH / USD: In Dire Straits

Ethereum has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a head and shoulders pattern has been triggered The daily time frame shows that a bullish inverted head and shoulders pattern remains in play The decline in the broader cryptocurrency market has placed Ethereum in a vulnerable technical position, with […] The post Ethereum Price Analysis ETH / USD: In Dire Straits appeared first on Crypto Briefing.

2019-11-20 20:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Espresso and Polygon Labs partner to address rollup interoperability

Espresso partners with Polygon Labs to develop AggLayer, an interoperability solution across rollups using proof aggregation and transaction ordering guarantees. The post Espresso and Polygon Labs partner to address rollup interoperability appeared first on Crypto Briefing.