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Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest âreal use potentialâ is Ethereum, suggesting its Ether (ETH) could become the dominant digital store of value.
As such, Goldman predicts the total market capitalization of Ether could overtake the total market cap for Bitcoin (BTC) in the coming years, according to a report in Business Insider.Â
â[Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications.â
Smart contracts comprise software enabling the automated execution of digital contracts, with the technology having facilitated the boom in decentralized finance (DeFi) protocols and crypto-powered decentralized applications (DApps).