Bitcoin investors believe Ethereum may boost crypto adoption

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Roger Ver, a Bit­coin investor and Bit­coin cash advo­cate, men­tioned that Ethereum can increase the num­ber of cryp­to users, stat­ed Cointelgraph. 

Sources revealed on May 31, 2023,  in the Show Me The Cryp­to, pod­cast, “Even though Ethereum doesn’t have the biggest mar­ket cap com­pared to Bit­coin, I think Ethereum is the front-run­ner in terms of dri­ving world­wide adop­tion.” Ver mentioned.

As per Coin­tele­graph, Ver explained that  the increase  of Ethereum Vir­tu­al Machine-com­pat­i­ble (EVM) blockchains and layer‑2 scal­ing solu­tions such as Poly­gon (MATIC $0.8855) will help to reduce the load from the main chain.

It is believed that argue­ments over using smart con­tracts and shift­ing from the idea of blockchains being used as cur­ren­cy or for stor­ing val­ue made Buterin to devel­op Ethereum. Fur­ther­more, “All of that would have been built on top of Bit­coin if not for the scal­ing civ­il war that hap­pened. These Bit­coin core devel­op­ers hate Vita­lik, and they basi­cal­ly drove him from the project to go and cre­ate Ethereum, and more pow­er to him for that,” Ver told Cointelegraph. 

(With insights from Cointelegraph)

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