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Bitcoin’s Legacy vs. Ethereum’s Vision: Which Will Prevail?

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We all love seeing things grow and develop, and Ethereum (ETHUSD) has been really stepping up its game lately. It is always worth figuring out or just remembering why, despite this, Bitcoin remains the big fish in the crypto world and why Ethereum may never surpass Bitcoin (BTCUSD) in value.

First of all, it is essential to remember that Ethereum isn’t just a cryptocurrency. It is an entire ecosystem with smart contracts and ERC-20 tokens, which allow for a wide range of projects and applications. It’s sort of “Google Play” or “App Store” for the blockchain stuff. Moreover, network updates, such as transition to the Proof-of-Stake (PoS) in Ethereum 2.0, significantly increase scalability and make it more energy-efficient. Here it is, the magic of technological progress within the framework of just one cryptocurrency. 

Despite Ethereum’s continuous growth and innovation, there are several reasons it may never keep up with Bitcoin price. Bitcoin was the OG cryptocurrency, breaking new ground and earning the most fame and trust from investors. It’s considered the “gold standard” of cryptos.

Bitcoin’s quantity is limited to 21 million coins, creating scarcity that drives up demand. While Ethereum’s issuance slows over time, there’s no strict cap on how many coins can be created. Tricky Buterin knew what he was doing. 

In addition, Bitcoin is often seen as “store of value” or “digital gold,” attracting investors looking to preserve capital. On the other hand, Ethereum is more about building projects and making transactions happen. Big institutions and investors tend to lean towards Bitcoin for its reliability and status.

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And let’s face it, for many people, Bitcoin is synonymous with cryptocurrency. It’s the symbol of the crypto world, and changing that perception will take time.

Unlike Bitcoin, which mainly serves as digital gold or a custodian of value, Ethereum has introduced the concept of smart contracts. These are programs that automatically execute contract terms as soon as everyone involved has met their obligations. It’s like a vending machine for contracts in the digital realm. With smart contracts, you can create a whole new world of decentralized applications (dApps) and even decentralized autonomous organizations (DAOs).

Using smart contracts, Ethereum has become the birthplace of decentralized finance, where users can access services like lending and insurance without traditional intermediaries like banks and other financial institutions. This can significantly reduce fees compared to the traditional financial world and make financial services more inclusive. Moreover, Ethereum strongly supports its developers, providing them with a transparent and convenient platform to bring their ideas to life. It’s a place where hackers and academics collaborate to build cool stuff on the blockchain.

Although both Bitcoin and Ethereum had scaling issues, Ethereum is actively working to fix them. Second-tier solutions such as Polygon and upcoming Ethereum 2.0 upgrades promise to boost throughput and reduce network congestion and fees.

Now, Bitcoin definitely has its perks and unique value, but Ethereum is ahead in terms of capabilities, functionality, and innovation. It offers a more dynamic experience for users and developers.

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Of course, the world of finance is full of surprises, and things could change. But for now, considering all these factors, it looks like Bitcoin will keep its crown as the most valuable crypto. While comparing Ethereum and Bitcoin prices is interesting, what really matters are their core features and potential.

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People & Lifestyle

#AOTY2023: King Promise vs. Stonebwoy

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The debate over King Promise’s candidacy for Artist of the Year has sparked a lively discussion among social media users, with arguments both for and against his potential win.

Supporters highlight his sold-out shows in Asia and the impact of his music, while critics point to other artists like Stonebwoy and Black Sherif, questioning the fairness of the awards process.

The discussion showcases the diverse opinions and passion surrounding the music industry in Ghana and beyond, with users engaging in playful banter and humorous remarks while presenting their arguments.

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‘Dubai in Accra’ set to thrill Ghanaians on Sunday, April 28

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In the heart of Accra, excitement buzzes as the city eagerly anticipates the grand spectacle known as “Dubai in Accra,” set to take place this Sunday 28th April 2024 at the prestigious Stanbic Heights, Icon House Airport. (more…)

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Celebrating 25 Years: Otumfuo Osei Tutu II’s Reign

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Celebrating 25 Years: Otumfuo Osei Tutu II's Reign

Today marks the 25th anniversary of Otumfuo Osei Tutu II’s reign as the Asantehene, the King of the Ashanti Kingdom.

The celebrations, which began with spectacular fireworks witnessed by Otumfuo himself, will culminate in the Silver Jubilee anniversary on Akwasidaekese on June 12 at Dwabrem, Manhyia Palace.

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This milestone is a testament to Otumfuo’s impactful leadership, dedication to the Asante people, and contributions to education and research as the Chancellor of KNUST.

The event is being celebrated across Ghana, with well-wishes and congratulations pouring in from various quarters, highlighting the significance of this occasion for Asanteman and Ghana as a whole.

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Mr. Beast in Ghana: Surprising Visit Sparks Excitement

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Mr. Beast

World-renowned YouTuber Mr. Beast, known for his philanthropic acts, has been spotted in Ghana, specifically in Accra and Tema, sparking excitement among locals.

His visit has led to discussions about his choice of Ghana over other African countries, with some suggesting that the country’s popularity as a tourist destination played a role.

Mr. Beast’s presence in Ghana is part of his global outreach, as he recently gifted a Ghanaian $25,000 as part of his X (Twitter) giveaway.

Read Also: Producers of 'Beast of No Nation' return to filming in Ghana, causing upset in parliament

The YouTuber has been seen exploring the country and interacting with locals, with many expressing their desire to meet him and participate in his charitable endeavors.

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Stephen Appiah to contest John Dumelo and Lydia Alhassan in MP race for Ayawaso West Wuogon

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Stephen Appiah to contest John Dumelo and Lydia Alhassan

Former Black Stars captain Stephen Appiah is set to enter the political fray by rubbing shoulders with notable personalities in the upcoming general elections.

The former Juventus midfielder is believed to be lacing his boots to face the likes of John Dumelo and the incumbent member of Parliament for the Ayawaso West Wuogon Constituency Lydia Alhassan.

While Dumelo and Alhassan represents the NDC and NPP respectively, Appiah is expected feature in the elections as an independent candidate.

This was revealed by the Spokesperson of the Ayew family Fiifi Tackie via X on Friday afternoon.

“Stephen Appiah to contest Ayawaso West Wuogon constituency as an independent Parliamentary candidate,” he wrote.

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If Stephen Appiah affirms the reported news, he will be following in the footsteps of other renowned figures in Ghana football who have indulged in politics recently.

Earlier this year, all-time top scorer of the Black Stars Asamoah Gyan was appointed as the sub-committee chair of Youth and Sports in the campaign committee of Dr Bawumia, the flagbearer of the ruling New Patriotic Party.

In acceptance of the appointment, Gyan emphasised the need to share hos ideas garnered through experience in the game.

Anas took $100,000 to stop documentary release – Kwesi Nyantakyi
‘I have enough experience to contribute to sports – Asamoah Gyan reacts to political appointment
“I always ask myself, how do we create change if we don’t want to change? How do we spectate without being on the bench, and how do we score without being on the field?… All I know and will ever know, all I love and will ever love is SPORTS.” he stated.

Another figure in Ghana football who recently announced his intention to engage in partisan politics is Kwesi Nyantakyi, former Ghana Football Association (GFA).

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The former football administrator showed up as one of the candidates to contest in the NPP primaries for the Ejisu constituency following the demise of incumbent John Kumah.

However, it didn’t pan out well for the former Wa All Stars owner as he lost disappointingly.

He garnered a paltry 35 votes after close to 1,081 delegates had cast their votes in the parliamentary primary of the New Patriotic Party (NPP) held in the Ejisu Constituency on April 13.

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Rebecca Osam: A Champion for Women’s Empowerment in Africa

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In a heartfelt social media post, Rebecca Osam, Managing Director of Reflo Company Limited, Reflo’s TV, and Femme Fatale Productions Limited, has pledged her full commitment to empowering young women.

Rebecca expressed her desire to move beyond mere inspiration and instead build a deeper connection with young women, offering guidance and support to help them achieve their goals.

Her passion for women’s empowerment stems from her experiences growing up in Africa, where she witnessed firsthand the oppression and lack of opportunities faced by women. This drove her to co-found The Florence Mensah Foundation with her mother, aiming to empower African women and girls, and encourage them to recognise their worth, strength, and potential.

Through her foundation and personal endeavors, Rebecca seeks to provide a supportive platform for young women to thrive. She aims to be a relatable figure, offering mentorship and encouragement to help them overcome challenges and achieve success on their own terms.

Rebecca’s dedication to empowering young women proves her leadership and commitment to creating positive change in her community. Her efforts serve as an inspiration to others, highlighting the impact one person can have in driving gender equality and women’s empowerment.

As Rebecca continues her work, her message resonates with young women across Africa: “Anything is possible, and I am here to support and cheer you on every step of the way.”

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