I have a noob question: now Waves' market cap is around 500000k and ETH's market cap is 60x that number. do you think it could be able to close this gap in short time or not? I don't believe Waves is ready to a comparison with ETH, but i would like to hear your opinion!
First thing I have to say, I have great respect for Ethereum, their founders and what they have achieved.
But at some poins Ethereum is losing it's lead.
Let me explain this:
Ethereum exists for ~3 years now and is struggling with scalability. During ICO's there are problems with handling transactions, some people paid over $2000 in gas to participate in an ICO.
Waves is working on scalability right from the start. Currently it has Waves-NG on testnet that will enable 1,000 transactions per second, where ETH can only handle ~7 transactions per second.
Ethereum has the Solidity script language for smart contracts. Though it's very sophisticated, it needs highly skilled coders and comprehensive audits before the smart contracts can be released.
And even then, we all remember the DAO, multisig wallet hacks, multisig wallet locks, etc. It seems to be very hard to write "flawless" code in Solidity.
Waves will implement on a non-Turing complete script language called Sigma. It will be easier and safer to write, audit and implement. "Keep it simple".
Ethereum wallets are difficult to understand and work with for people who are in crypto for the first time. Try the Mist wallet, compare it to the Waves Lite Client and you'll see the difference. There are DEX (decentralized exchanges) for Ethereum but they are slow, not very user friendly or under development.
The Waves Lite Client has a built in DEX, it's easy to use already. After the Waves-NG + new DEX release, it will be lightning fast, even during high transaction volumes.
So currently, Ethereum and Waves are in a different developmental state, where Waves aims at UX / UI and speed right from the start and Ethereum is more or less struggling and awaiting the 2019 (?) Plasma release to catch up.
i understood... thank you very much, you wrote something specific and easy, great job and good luck!
