Global Opportunities Beyond the Radar

Digital Silver: Is Ethereum Showing Crypto Potential?

Ethereum cryptocurrency concept with female hands and smartphone

 

Quantum Wealth Summary

 

 


 

Physical gold. Physical silver.

They’re both precious metals.

They’re both legendary.

But compare the two and ask yourself: which is more useful to mankind?

 

Source: The Economic Times

 

Right now, most of the world’s gold is locked up in vaults or is being passively used as jewellery. But silver appears to be more versatile. It is being actively used in a wide range of commercial and industrial settings:

 

Source: NewsBTC

 

So, it’s clear that physical silver has more practical uses than physical gold.

Interestingly enough, in the virtual world, similar discussions about usefulness are also being applied to cryptocurrency. Bitcoin is being called ‘digital gold’, while Ethereum is being called ‘digital silver’. Here’s why it matters:

Sandeep Nailwal is the co-founder of Polygon — an Ethereum-based company. He believes that the development of Ethereum is accelerating. He suggests that Ethereum could overtake Bitcoin in the future and claim the crypto crown:

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