Dubbed the “Flippening” by cryptocurrency fans, the scenario in which ether inevitably overtakes bitcoin and becomes the number one cryptocurrency has been setting the community abuzz, as it seems it’s only a matter of time before the pioneer crypto becomes number two.
The discussion around bitcoin losing its status as the most valuable cryptocurrency to ethereum has intensified in recent weeks due to the blockchain’s expected transition to proof of stake (PoS) by the third week of September.
The Flippening Is Nigh
After increased activity and a good performance from ETH over the past two weeks, partisans are calling for a flippening yet again.
The cryptocurrency that powers the ethereum blockchain looks poised to become the world’s largest by market capitalization, making ethereum the most valuable public blockchain. While ether currently boasts less than half the capitalization of bitcoin, that trend appears to be a real possibility.
In a recent note to clients, the founder and...
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