Crypto 2023 🔥 Which is BETTER in 2023: Ethereum or Polygon?

Crypto 2023 | Best Crypto | Which Altcoins To Buy

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Welcome to our Crypto 2023 Video!

Ethereum 2023
What is Ethereum Blockchain?
Smart contracts are programs that execute exactly as they are planned without the risk of delay, censorship, fraud, or outside influence. Ethereum is a decentralized, open-source blockchain platform that supports smart contracts. These smart contracts are created using the high-level programming language Solidity, which is then translated into bytecode that can be run on the Ethereum Virtual Machine (EVM), a runtime environment that is installed on Ethereum nodes.

Polygon 2023
What is Polygon Blockchain?
A layer 2 scaling solution for Ethereum called Polygon (formerly known as Matic Network) seeks to increase the speed and scalability of decentralized apps built on the platform (dApps). By enabling dApps to function on a different blockchain that is linked to the Ethereum mainchain through a method known as “sidechains,” Polygon enables dApps to conduct transactions more quickly and cheaply than on the Ethereum main chain.

Which Blockchain is Better: Ethereum or Polygon?
Given that multiple blockchains are created to fulfill various functions and may be better suited for certain use cases, it is not really correct to state that one blockchain is “better” than another in an absolute sense.

For instance, although some blockchains are built to handle a high volume of transactions per second and are extremely scalable, others put security and decentralization over speed. While some blockchains are more general-purpose and may be used for a variety of applications, others are meant to be used for specialized uses, such as the creation of decentralized finance (DeFi) systems.

However, many well-known brands are using the Polygon blockchain to enter Web3. This includes Mercedes, Starbucks, Meta among many others. This means that once the crypto market goes back into its Bullrun, MATIC prices should soar very high and outperform most cryptocurrencies.

Is Bitcoin a Good Investment Despite the Risk?
Similar to any speculative investment, buying Bitcoin obviously carries significant risk. As the traditional finance world realizes Bitcoin's potential for disruption, they must choose either to adopt cryptocurrencies or face irrelevance. Its volatility risk is one of the major factors determining whether Bitcoin is a good investment but it isn't necessarily good or bad. The personal decision to invest in Bitcoin comes down to your appetite for risk and your perspective on the future of humanity. For example, Russia has stated they are looking into cryptocurrencies to lower their dependence on the US dollar.

The main reason a traditional investor may want exposure to Bitcoin is to hedge against inflation and potentially the collapse of the fiat-based economy. Bitcoin's volatility is a concern to may investors, however volatility is expected to decrease forever as institutions and governments enter the market with long-term interest.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Crypto 2023 video. Make sure to leave a like on the video if you gained value from it!

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⏰Timestamps⏰

00:00 Best Cryptos of 2023 Project Introduction
00:15 Best Cryptos of 2023 Project Project
00:21 Bitcoin Coin Project
01:18 Ethereum Coin Project
02:08 Polygon Coin Project
03:27 Cardano Coin Project
04:10 Best Cryptos of 2023 Project Project Summary
04:26 Best Cryptos of 2023 Project Project Outro