Topic: Will Ethereum keep its leadership in the crypto smart contract industry? - page 2. (Read 235 times)
November 24, 2022, 06:57:10 PM
Ethereum had good potential to keep their standard all the time. The new traders, old traders will know the fact of Ethereum was the second position holding crypto currency. The new update of Ethereum 2.0 was based on the Ethereum. Ethereum is the only coin had huge response with the new launch next to the Bitcoin. Many coins looking for the update. But some May loss his interest among the people after the new launch. So Ethereum was the unique coin in the altcoin list. Many whales had their capital in Ethereum. They are dumping the market, when ever they want of cash.
November 24, 2022, 06:40:15 PM
Not quite sure about this one, although it's hard to tell since there aren't any close second at all currently. ETH still is the preferred coin when it comes to smart contracts and other app-building alts out there that wanted to do more than just being a coin. It's still a robust and very capable platform with a lot of merits that should be acknowledged first before anyone considers any other platform that offers the same as what it ETH can right now.
November 24, 2022, 05:49:37 PM
Seems like. Do you guys have seen how many platforms this Ethereum blockchain are tangled with? Like it was almost all projects so I guess it would remain leading because of that. Although there are blockchains which causes lower transaction fees such as Litecoin and BNB, ETH chain would still be more used because it is somehow more secured.
Ethereum is still decentralized. It is just because of third party wallets and apps which makes it seem not to. Except from high transaction fees, my another problem is delay on some of my transactions made which on my end, viewed it as traffic given how many projects are using this chain. I got used of it than to use other chains and eventually lose my funds. Better late than never, I guess.
Ethereum is still decentralized. It is just because of third party wallets and apps which makes it seem not to. Except from high transaction fees, my another problem is delay on some of my transactions made which on my end, viewed it as traffic given how many projects are using this chain. I got used of it than to use other chains and eventually lose my funds. Better late than never, I guess.
November 24, 2022, 05:40:43 PM
The Ethereum blockchain is currently the most used blockchain when it comes to Smart contract, NFT and Metaverse development. It achieved its leadership while it was still a decentralized network.
Unfortunately, right after the merge, Ethereum lost its decentralized feature and is now one of the most centralized cryptocurrency projects in the industry.
Given that we're going through a debate opposing Centralized vs Decentralized, do you think that Ethereum will still keep ahead of the competition? Aren't there a lot of chances of Ethereum being overcome by an alternative decentralized network?
What is your take on this matter?
Unfortunately, right after the merge, Ethereum lost its decentralized feature and is now one of the most centralized cryptocurrency projects in the industry.
Given that we're going through a debate opposing Centralized vs Decentralized, do you think that Ethereum will still keep ahead of the competition? Aren't there a lot of chances of Ethereum being overcome by an alternative decentralized network?
What is your take on this matter?
I hear this argument about Ethereum being not decentralized anymore quite a lot in the last time and of course it is true that now the big exchanges like Binance, Coinbase, Huobi and Kucoin for example all have a lot of power within the Ethereum network because they all own so many coins. That being said i don't really think that i was that much different when Ethereum was still proof of work. I mean there were or still are huge mining companies in china and if a single company is controlling a big share of the mining power of a crypto currency then it is just as centralized.
I think that Ethereum will always be the number one smart contract platform, simply because they invented that functionality.
November 24, 2022, 04:43:07 PM
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What is your take on this matter?
By centralization you mean nodes are hosted on same cheap cloud servers. That isn't same as 51% attack. If it would be easier to host light weight node in your own home, there wouldn't be an issue and this is something i am sure they are tackling next. Compared to bitcoin, that was once mostly mined from one server farm, i don't see the issue really, some people can't afford mining btc just like some people can't afford hosting their own nodes. This will most likely change in the future with lighter clients.What is your take on this matter?
if cloud servers were compromised, people would either move to other servers or host it by themselves.
Sure, things can be more decentralized but we tend to forget that the whole internet mostly runs on centralized servers and their backups.
November 24, 2022, 03:59:10 PM
We might see some changes but let’s see how ETH will deal with this one.
After the merge many still choose ETH as their network and probably they still see good things about ETH. The future might be more challenging for them as they take another path but I’m confident that ETH will not do the merge of its not necessary and if that update can affect them, they do the merging for the benefit of the whole project.
After the merge many still choose ETH as their network and probably they still see good things about ETH. The future might be more challenging for them as they take another path but I’m confident that ETH will not do the merge of its not necessary and if that update can affect them, they do the merging for the benefit of the whole project.
November 24, 2022, 03:31:01 PM
I think Ethereum has had an interrupted reign in smart contract and it has large amounts of users of its smart contract. But even before the merger happened the Ethereum network started to see less patronage than it use to get before. Back then it was so much that the network gets congested. I think this downward spiral has to do with the transactions fee on Ethereum.
Ethereum high transactions fee was slowly reducing the amount of people using because there are other networks that has good transactions speed and very affordable fee than the Ethereum network. Now with the decentralization going away on the merger I don’t know how much longer Ethereum can hang up on its position.
Ethereum high transactions fee was slowly reducing the amount of people using because there are other networks that has good transactions speed and very affordable fee than the Ethereum network. Now with the decentralization going away on the merger I don’t know how much longer Ethereum can hang up on its position.
November 24, 2022, 02:56:14 PM
The Ethereum blockchain is currently the most used blockchain when it comes to Smart contract, NFT and Metaverse development. It achieved its leadership while it was still a decentralized network.
Unfortunately, right after the merge, Ethereum lost its decentralized feature and is now one of the most centralized cryptocurrency projects in the industry.
Given that we're going through a debate opposing Centralized vs Decentralized, do you think that Ethereum will still keep ahead of the competition? Aren't there a lot of chances of Ethereum being overcome by an alternative decentralized network?
What is your take on this matter?
I don't think anyone is thinking about centralisation or decentralisation except us. People are dictated the rules of censorship and they have to abide by them. Yes, Ethereum is the most popular blockchain and I think it will be for a long time. There are big funds and huge money behind ETH, so users don't decide anything here. Unfortunately, right after the merge, Ethereum lost its decentralized feature and is now one of the most centralized cryptocurrency projects in the industry.
Given that we're going through a debate opposing Centralized vs Decentralized, do you think that Ethereum will still keep ahead of the competition? Aren't there a lot of chances of Ethereum being overcome by an alternative decentralized network?
What is your take on this matter?
November 24, 2022, 02:50:02 PM
It's hard to say exactly how long Ethereum will maintain its lead as a smart contract platform. But two things are certain. First, people are constantly looking for better, faster, and more scalable blockchain technologies. Second, Ethereum has plenty of competition from other formidable projects. As these other platforms improve, Ethereum will have to innovate and provide new features in order to remain in its position of leadership. It's an ongoing process that all successful platforms must undergo. That said, Ethereum is still the frontrunner in terms of public adoption, and that's not something that can be easily overcome.
November 24, 2022, 02:29:19 PM
The Ethereum blockchain is currently the most used blockchain when it comes to Smart contract, NFT and Metaverse development. It achieved its leadership while it was still a decentralized network.
Unfortunately, right after the merge, Ethereum lost its decentralized feature and is now one of the most centralized cryptocurrency projects in the industry.
Given that we're going through a debate opposing Centralized vs Decentralized, do you think that Ethereum will still keep ahead of the competition? Aren't there a lot of chances of Ethereum being overcome by an alternative decentralized network?
What is your take on this matter?
Unfortunately, right after the merge, Ethereum lost its decentralized feature and is now one of the most centralized cryptocurrency projects in the industry.
Given that we're going through a debate opposing Centralized vs Decentralized, do you think that Ethereum will still keep ahead of the competition? Aren't there a lot of chances of Ethereum being overcome by an alternative decentralized network?
What is your take on this matter?
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