Ethereum is Superior to Bitcoin

$ETH is better than $BTC because of its 1. Market Dominance: Ethereum is the most widely used blockchain, maintaining its position despite intense competition. It currently holds a 60.63% Total Value Locked (TVL) dominance across all chains, underscoring its prominence in the blockchain ecosystem (*source: DeFiLlama: https://defillama.com/chains). 2. Scaling Solutions: Ethereum's commitment to scaling through Layer 2 solutions has proven successful, with a current Layer 2 TVL of $30.81 billion. This approach has enhanced Ethereum's scalability and user adoption (*source L2Beat: https://l2beat.com/scaling/summary). 3. Innovation and Reliability: The Ethereum development team has a strong track record of delivering significant updates that improve the platform's speed, cost-efficiency, and scalability while maintaining decentralization. The upcoming Dencun update, introducing Proto-Danksharding, is expected to further increase transaction throughput and lower costs for users. 4. Developer Ecosystem: Ethereum boasts the largest developer community in the blockchain space, with 54% of blockchain developers working on Ethereum projects. This vibrant ecosystem fosters innovation and growth (*source Developer Nation: https://www.developernation.net/resources/reports). 5. Environmental Sustainability: Ethereum's transition to Proof of Stake has reduced its energy consumption by 99.99%, aligning with global efforts toward environmental sustainability. 6. Economic Model: Ethereum's EIP-1559, known as "The Burn," has introduced a deflationary mechanism by burning ETH base fees, enhancing its economic model (*source Ultrasound Money: https://ultrasound.money/). 7. Institutional Interest: There is growing institutional interest in Ethereum, with several ETH ETF applications in progress. Notably, Larry Fink, CEO of BlackRock, has expressed interest in an ETH ETF, highlighting Ethereum's potential for broader financial adoption (*source Blockworks: https://blockworks.co/ethereum-etf). 8. Staking Adoption: Approximately 26% of the Ethereum supply is currently staked, indicating strong community commitment and potential for a supply crunch if an ETF is approved. (*source decrypt: https://decrypt.co/220194/staked-ethereum-grows-to-116-billion-a-week-before-dencun-upgrade) 9. Future Potential: The prospect of Staking ETH ETFs and the continued growth of the staking ecosystem suggest a promising future for Ethereum in both traditional and decentralized finance. The Ethereum Dencun upgrade, scheduled for March 13, 2024, introduces proto-danksharding, which will significantly reduce transaction costs and increase throughput, particularly benefiting layer-2 networks like Arbitrum and Optimism. This upgrade is expected to reduce fees by up to 90%, making transactions cheaper and faster, and is a key step towards full sharding and scalability on the Ethereum network. The Dencun upgrade is part of a broader roadmap that includes further phases such as The Scourge, The Verge, The Purge, and The Splurge, each focusing on different aspects of Ethereum's improvement. (*source https://decrypt.co/resources/ethereums-dencun-upgrade-technical-overview-and-potential-market-impact) 10: And lastly the awesome use cases for ETH that Bitcoin cannot provide: 💳 PAYMENTS & STABLECOINS: Direct payments; nearly free and instant, cross-border, available 24/7/365; stablecoins 💰SELF CUSTODY & WEALTH STORAGE: (Re-)Staking rewards and burning EIP-1559 can be compared to dividend payments and share buybacks 🏦 DeFi LENDING: DeFi lending platforms help people borrow and lend funds which allow the crypto holders to earn income 🪪 DIGITAL IDENTITY: Control and ownership of your digital identity and personal information (e.g. ‘Sign In With Ethereum’ SIWE allows a user to use their ETH address to log on to websites without the website knowing any other information) 🚛 LOGISTICS: Track shipments and inventory through the supply chain and verify authenticity of high value items 🦄 DAOs: DAOs as innovative and efficient frameworks for governance and collaboration; successful DAOs are using Ethereum for fundraising, governance and organization (e.g. very lean and profitable protocol Uniswap) 📈 TOKENIZATION: Cheaper and transparent trading and T+0 settlement of securities, bonds, commodities, etc.; increased access for regular people to investments normally reserved for high net worth individuals and organizations 🗞️ LEGAL PROCEEDINGS: Own and control your own property & real estate, health, or education records, allow access as you deem necessary to ensure efficient legal proceedings 🧠 DIGITAL WATERMARKS: Digital watermarks on Ethereum in the new world of deepfakes; show authenticity of documents, photos, videos, ideas, contracts or anything by creating an open timestamp or the hash of it 🌐 DATA STORAGE AND WEB HOSTING: Affordable web hosting and decentralized data storage; decentralized domain names of Web3 apps on IPFS via ENS 🪙 MICROPAYMENTS: Automated micropayments integrated with website browsers for fair and direct compensation to content creators, open source developers, news organizations, etc.; valuable in highly connected IoT and autonomous world 🗳️ VOTING: New trustless voting, polling, and election systems 🎮 GameFi: Digital collectibles and video game integration 🎹 MUSIC & ART: Artists sharing royalities with fans; activate and engage a fan base 🎟️ EVENTS: Simpler ticketing platforms for live events; control abusive scalping 👕 MARKETING: Prove ownership and transfer rights to physical goods; customer reward programs through collectibles of brands; personalized marketing, tailored consumer experiences, unique customer engagement opportunities 🧪 DeSci: Fixing academic research; DeSci facilitates the creation of decentralized platforms where scientific knowledge is accessible globally. Researchers can share findings, collaborate, and access data without traditional barriers, fostering open access to information 🏛️ TRUSTLESS ORGANIZATIONS: Holding governments and public organizations to higher standards of honesty and preventing fraud and corruption; proof of collateral reserves by financial service providers 🎰 GAMBLING: Fair and transparent online gambling platforms 🔮 PREDICTION MARKETS: Decentralized prediction markets enable people to buy and sell contracts on future events