This is the reason why Mark Cuban prefers Ethereum and Polygon over Bitcoin
With more than 4,000 cryptocurrencies to invest in, it’s hard to know which coins to choose. However, while all are prone to volatile price swings, experts point to one quality above all others: utility. Bitcoin could improve financial inclusion and enable border-less payments. But what about its use-case? Well, given its limited utility, Ethereum was the preferred ecosystem for building cryptocurrency projects.
Billionaire entrepreneur and shark tank star Mark Cuban believed or rather chose other altcoins (Ethereum and Polygon) over Bitcoin. In a new interview with Crypto Banter, the famed proponent spoke about his narrative concerning the aforementioned coins. He praised the leading smart contract platform (ETH) and the layer-2 scaling solution on its blockchain. He stated:
“Bitcoin’s a great store of value, but Ethereum and Polygon that I both own a lot of, you can start to see the utility.”
Smart Contracts indeed were one of the most talked-about utility cases for the largest altcoin. It aided users to exchange money or carry out other transactions transparently, without any middlemen. Different blockchains were building on these smart contract protocols. Popular Ethereum appsMakerDAO and Compound used smart contracts at their core for lending and allowing users to earn interest.
Polygon was designed to solve scalability and usability issues that exist within the Ethereum blockchain. Well, users utilized it to avoid the high gas fee at ETH’s blockchain. He added:
“You’re starting to see more and more applications pop up there, and we’ll see what happens with ETH 2.0 in terms of gas fees, and I think Polygon has done a great job, and you’ve got other blockchains trying to do the same thing.”
In addition to this, Cuban
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