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Superior Ease of Exchange Could Allow Ethereum to Overtake Bitcoin
Newsweek
5/4/2021
Scott Reeves
© John Phillips/Getty for TechCrunch
Founder of Ethereum, Vitalik Buterin during TechCrunch Disrupt London 2015 - Day 2 at Copper Box Arena on December 8, 2015 in London, England.
Bitcoin s lofty valuation and manic price swings receive intense news coverage, but Ethereum may provide the foundation to build an alternative worldwide financial system.
Ethereum, the world s second most popular cryptocurrency, has generated innovative financial products that could lead to decentralized finance, called DeFi in crypto circles, allowing for peer-to-peer transactions without using a commercial bank.
DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way, Dr. Fabian Schär said in a research report published by the St. Louis Federal Reserve Bank. ....

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