The Advantages of Ethereum Over Other Cryptocurrencies

Robert Testagrossa more than acknowledges the popularity of Bitcoin. After all, if crypto had a flagship product, Bitcoin would be it. However, while many of the world's major companies accept cryptocurrencies for transactions, people have been exploring alternatives given Bitcoin's steep price.

As Robert Testagrossa points out, you should look no further: Ethereum is the best choice.

The main advantage of digital currencies, cryptocurrencies specifically, is that they are decentralized. Payments don't pass through banks or any other third parties. Ethereum's currency, also known as "ether," is now the second largest cryptocurrency in the market. In fact, Ethereum's price has continued to increase, and more people have been setting up their electronic wallets for the currency.

According to Robert Testagrossa, exchanges that cater to Ethereum have increased significantly, and trading for ether has become possible on many sites such as Coinbase and Binance. With an increasing number of businesses flocking online, he predicts that digital currencies will be the wave of the future for technological innovation.

Robert Testagrossa adds that disruptive models like Uber or Airbnb have transformed their industries and enticed people to see the business potential of similar e-commerce innovations.

Indeed, digital investors are either looking toward Ethereum as a first investment or rotating out of other cryptocurrencies into this particular cryptocurrency. Robert Testagrossa adds that it's all about the stability of the Ethereum blockchain since many experts, veterans, and seasoned investors see it as the safer choice. Testagrossa also argues that Ethereum offers more potential upside while the ability to run decentralized applications and create so-called smart contracts separates it from other upstart cryptocurrencies.

Lastly, the use case for Ethereum is more compelling, especially for those newcomers to the world of digital money intimidated by the exorbitant price of Bitcoin.

Based in New York City, serial entrepreneur Robert Testagrossa is passionate about building businesses and is active in the software development, cryptocurrency, retail, and luxury hospitality industries. For similar blogs, visit this page.