Although, improvement in the Ethereum blockchain is very desirable it does not justify your post as being true. I think Ethereum project is still very solid and valuable and the platform and blockchain will continue to be useful in launching start-ups on the blockchain. Losing its dominance this year? No.
It is impossible that ethereum will lose its dominance I guess because it still giving it's good valuable to the market. In fact Ethereum is much stable compared to bitcoin and the fact that it's still the next cryptocurrency that has a good profit offered to it's investors and traders. Like bitcoin, Ethereum also comes to its downfall so this would not going to an end. 
Topic: Ethereum will lose it's dominance this year (Read 481 times)
Ethereum will still grow into larger coins, as many of its new coins use eth platfrom.
For now it is eth price slump, but it takes time to rise again. That's my opinion
For now it is eth price slump, but it takes time to rise again. That's my opinion
It is still on the second place for the market cap. I do not think that the time when this situation will be changed will come very soon. At least, Ethereum will not lose its great dominance this year.
At the moment I think that Ethereum will be the first. The advantage in popularity, team experience and resources over other projects is too great.
Your perspective comes from someone who is actually working with the blockchain and platform itself.
Although I will trust your word (I am not a coder or tech guy) that ETH is a pain to work with, it means very little to the vast majority of those invested in crypto.
As long as ETH still has startups creating tokens, building smart contracts, and creating ICOs eth will continue to dominate.
It's market share in the crypto world is so huge that even if a better platform comes along (which there are tons), eth has such a huge head start that I doubt it will lose it's dominance this year or even next.
The only real competitor I see in the near future is NEO and to very small extent ADA.
It's not about who has the best tech, but factors like marketing, product development, networking, and brand awareness all combine together to create success.
One of the things I have seen with new investors lately is crazy FOMO, trying to constantly find the "next big thing"
This causes people to jump around investing in any projects that might replace the big ones.
I just don't see any substantial gains in this.
Determining the future potential value of any coin requires research into the tech, it's brand awareness, its marketing team, and even it's financing team.
Although I will trust your word (I am not a coder or tech guy) that ETH is a pain to work with, it means very little to the vast majority of those invested in crypto.
As long as ETH still has startups creating tokens, building smart contracts, and creating ICOs eth will continue to dominate.
It's market share in the crypto world is so huge that even if a better platform comes along (which there are tons), eth has such a huge head start that I doubt it will lose it's dominance this year or even next.
The only real competitor I see in the near future is NEO and to very small extent ADA.
It's not about who has the best tech, but factors like marketing, product development, networking, and brand awareness all combine together to create success.
One of the things I have seen with new investors lately is crazy FOMO, trying to constantly find the "next big thing"
This causes people to jump around investing in any projects that might replace the big ones.
I just don't see any substantial gains in this.
Determining the future potential value of any coin requires research into the tech, it's brand awareness, its marketing team, and even it's financing team.
We can talk about it when there is market correction happened. Many experts say that ETH surpass bitcoin on popularity.
I do not think that ETH will give up its position, in this no one is interested and his team will do everything to keep their positions, so there is no reason to escape. Now just one of the recessions is on the market
Although, improvement in the Ethereum blockchain is very desirable it does not justify your post as being true. I think Ethereum project is still very solid and valuable and the platform and blockchain will continue to be useful in launching start-ups on the blockchain. Losing its dominance this year? No.
I don't like the idea of a token depending of a coin. You need another coin just to pay the transaction fees. Also the coin is really expensive.
A lot of ICO are going to create their own blockchain to not depend on the Ethereum. Ethereum is only used temporarily for a lot of ICO.
I think it will stay like this for a moment. Companies start with the Ethereum blockchain because it is faster to create a token than to create a complete blockchain and also because the smart contracts for distributing the token to the ICO participants.
But if another blockchain offers the same or better functionality, they may do it on the less expensive one and the faster to learn for smart contract programming. But for the moment, there is a lot more programmers using the Ethereum smart contracts.
I think that other blockchain should made their proof before companies start to use them.
A lot of ICO are going to create their own blockchain to not depend on the Ethereum. Ethereum is only used temporarily for a lot of ICO.
I think it will stay like this for a moment. Companies start with the Ethereum blockchain because it is faster to create a token than to create a complete blockchain and also because the smart contracts for distributing the token to the ICO participants.
But if another blockchain offers the same or better functionality, they may do it on the less expensive one and the faster to learn for smart contract programming. But for the moment, there is a lot more programmers using the Ethereum smart contracts.
I think that other blockchain should made their proof before companies start to use them.
Any Crypto currency is better to have lower commission fees for transactions. Ethereum has very low commission fees for transactions, compared to Bitcoin, despite the greater number of transactions being processed and the same indicators for the amount of rewards of the miners (which leads to overall network security). However, in my opinion, the Ethereum team should work very hard to ensure a continuous network scaling that will support commission fees for transactions at a low level.
Well as at this moment Ethereum is still the leading network with many projects deployed on it already and it is going good, until another blockchain can be able to carry the number of dapp ethereum is carry right now and it is still working good until that happens ethereum still leads.
The number of complete nodes can sometimes be considered as an indicator of network decentralization. Because some Bitcoin developers are not supporters of increasing the block size, for fear that this will increase the resources necessary to run a complete node, which will lead to a reduction in the total number of nodes and greater centralization. At present Ethereum has twice as many complete nodes as Bitcoin, despite the large unit loads per unit of time.
The rewards received by the miners are a good indicator of how safe the main function of the block is, since it is directly related to the cost of conducting an attack of 51% on the network. The rewards received by the miners on a 24-hour period are roughly equal between Ethereum and Bitcoin, which indicates that, at least with respect to the main function (hashing) of the networks, they are both equally safe at the moment.
If we compare the daily indicators of trading volumes by considering the exchange for a fiat currency, then we see that Bitcoin trades exceed the Ethereum trades threefold. Here it will be fair to note that Bitcoin is much more liquid than Ethereum when exchanging for a fiat currency
Bitcoin is still the leader in terms of market capitalization, which is undoubtedly a good indicator in the field of universal recognition of the network. The market capitalization of Bitcoin exceeds Ethereum's capitalization by more than two times. Ethereum currently can process almost three times as many transactions as Bitcoin. This indicator is quite significant in the field of large-scale global application.
High values for the same characteristic may be an advantage in one application area, while low values of the same characteristic may be an advantage in another application.
Such difficulties suggest that the dominance of one coin is not an obligatory result. But if we are considering a certain field of application, it is quite natural that the leader will ultimately determine between dominant and dominant coins.
Such difficulties suggest that the dominance of one coin is not an obligatory result. But if we are considering a certain field of application, it is quite natural that the leader will ultimately determine between dominant and dominant coins.
The only purpose of ethereum has been to buy and sell Initial coin offerings. It was high time that this super inflated shitcoin went to its real value. Imagine what happens when all the ICO start dumping their ETH.
The price has dumped big time because in general, a lot of whales have cashed out their profits and moved on, but for now, Ethereum remains the ICO hub for new businesses, incubators, and startups to roll out their capitalization plans for the future ahead. I don't think we will see another platform taking over Ethereum's role just yet, not for maybe a year or two down the line. Maybe in several years we might see NEO or some other blockchain do a better job and overtake both Bitcoin and Ethereum in dominance, we shall see as time passes.
There are so many tokens launched on the ETH blockchain and as they will actually start to work and get their projects running, the traffic on the ETH blockchain will only go up. It is already the most trusted and easy to use platform for tokens, so don't get why you think it would change.
Anything could happen, even Ethereum could lose its dominance anytime. We will see about this, do not worry if ethereum replace by other platform then we just need to follow.
When one coin is better than another, by some features and no worse than in any other aspect, then it dominates that very other coin. The dominant coin can not have any value in a state of equilibrium.
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