Ethereum's share of the cryptocurrency market has exploded

pulse

July 13, 2017 11:31 PM

The new cryptocurrency on the block is gobbling up share in the market.

Ethereum is gobbling up share in the cryptocurrency market.

"Early phase of cryptocurrency market development focused on who will be the “digital gold” – and Bitcoin won through the largest developer and adoption ecosystem," the report said. "However, current battle is for other functionalities, such as global decentralized computing or smart contracts infrastructure."

Ethereum, unlike bitcoin, wasn't built to simply function as a "digital gold." According to Paul McNeal, a bitcoin evangelist, the Ethereum blockchain was built as a platform on which two parties could enter into a so-called smart contract without a third party.

survey recently cited by Nathaniel Popper in The New York Times

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