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IPFS News Link • Bitcoin

Bitcoin vs Ethereum


Although the future of blockchains and cryptocurrencies is of course uncertain, anything could happen, there are some predictions that can be
made about the part this new technology will have in the day to day lives of everyone in the years to come.

Over the years, blockchains and bitcoins have become almost inseparable. Yet although the bitcoin cannot live without a blockchain, blockchains
can certainly live without the bitcoin, with its application going far beyond the use of cryptocurrency. Industry experts have made some predictions
into how the use of blockchains are going to be used in the future.

- With the growth of Ethereum, there is soon going to be a growth in the formation of smart contracts, which basically allows for contracts to be
made binding online. Something that previously was never possible. Although this technology is already in place, it is yet to fully take off and show
its full potential in the field. Some large tech companies, such as Microsoft, are excited about the prospects that Ethereum holds.

- Banks and many other large financial institutions will start to make use of the security and other benefits that blockchains offer. However, it will
take a lot of work to make it all happen, as the technology will have to integrate with what is already in place, such as Know Your Customer and
Anti-Money Laundering.