Andreas Antonopoulos doesn’t foresee any change in the positions of the top two digital currencies by market capitalisation any time soon. The author, computer scientist, and long-time cryptocurrency advocate believes the first mover advantages of Bitcoin and Ethereum will be impossible to overcome.
Bitcoin currently enjoys a comfortable market capitalisation lead over its nearest rival, Ethereum. Ethereum too has a large advantage over the next largest smart contract platform, EOS.
There Will be No Flippening, Says Antonopoulos
Bitcoin and Ethereum have reigned supreme in their respected niches for long enough that displacing either is all but impossible, according to respected cryptocurrency proponent Andreas Antonopoulos. The industry expert gave opinions on the matter during a recent video interview broadcast on the Ivan on Tech YouTube channel. In response to a question about the likelihood of a rival smart contract platform overtaking Ethereum, he argued that first mover advantages were incredibly difficult to overcome:
“I think it’s very, very difficult to disrupt the network effect of an early starter.” Read More...