Guggenheim Partners co-founder Todd Morley has pointed out on Bloomberg TV the main advantage of Ether over Bitcoin.
According to him, the second largest crypto by market capitalization is much more useful due to smart contract tech. Blockchain is spreading rapidly around the world, and the number of Ethereum developers has been growing for the sixth year in a row, Morley noted.
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Ethereum creator Vitalik Buterin recently admitted Bitcoin could give way to the largest altcoin in terms of capitalization. According to Buterin, the leading crypto needs to improve its technological base to improve energy efficiency. The developer has also recalled Ethereum's imminent transition to the Proof-of-Stake (PoS) consensus algorithm, which will reduce electricity consumption as well as transaction fees on the network.