İbrahim Baybars
@teknikmedya.eth
Ether ETF Approved: Why Investing in Ether is Much More Sensible than Bitcoin in 5 Points A thread 🧵 1. Ether is Much Scarcer and Even Deflationary Compared to Bitcoin 📈 Unlike Bitcoin, transaction fees on the Ethereum blockchain do not go directly to miners (validators, we'll get to this).
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İbrahim Baybars
@teknikmedya.eth
A significant portion of these fees is burned, permanently removing Ether from circulation. Over time, this reduces the total supply of Ether. You may have heard of Bitcoin's halving mechanism, where the block reward is halved approximately every four years.
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İbrahim Baybars
@teknikmedya.eth
Despite the latest halving, Bitcoin’s annual inflation rate is 0.8%, whereas Ethereum’s is -0.19%! As transaction volume increases, this rate decreases even further. Thus, unlike Bitcoin, the number of Ether in circulation decreases every day.
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İbrahim Baybars
@teknikmedya.eth
2. Ethereum is Environmentally Friendly 🌱 Due to its Proof of Work (PoW) mechanism, transactions on the Bitcoin blockchain are verified by miners and added to the blockchain. Mining requires processing power and electricity-consuming devices, leading to significant energy consumption for Bitcoin.
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