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Ethereum is very well known throughout the cryptocurrency sphere, currently in the number 2 spot on Coinmarketcap and one of the most recognized projects after Bitcoin. However, Ethereum has also seen some pretty hard times lately. Does Ethereum still have a future and what does that future look like?
Though the same is true across the market, the price of Ether has dropped massively since the highs seen just over a year ago. Combined with disputes inside the community and tough competition, many are predicting that Ethereum is falling from grace. However, in this period the Constantinople hard fork should be released and with it major upgrades to the network. If the fork goes well and the project continues to see new developments, can Ethereum prove the doubters wrong and stay on top? Or is the project, in fact, already doomed? Let's dig in.
Among those who feel Ethereum's best days are already over, there are a handful of issues that continually pop up again and again. We'll take a look at the biggest and most common complaints to see if they hold any merit.
Lack of support and stiff competition.
One of the biggest claims thrown at Ethereum time and again is that other similar platforms, such as Tron and EOS, have larger numbers of users and faster transactions. Recently Tron founder Justin Sun himself took to Twitter to revel in the fact his platform was in the lead in terms of most dApp users.
It has also been often touted by Sun as well as other project heads that many of Ethereum's competitors have massively greater numbers of transactions per second, sometimes in the thousands. Currently Ethereum can only handle 20-30 tx/s on average. While this sounds damning, Vitalik Buterin has come out to defend his project by saying that these other platforms mainly achieve this through centralization, and Ethereum is dedicated to being decentralized.
Another claim is that Ethereum dApps simply aren't being used that much. Recent reports have shown that while EOS enjoys 50% of its dApps being used daily, Ethereum can only claim that 10% of it's dApps are used every day. That being said, almost 90% of EOS dApps have less than 1,000 users, making this claim a bit weak as far as proving relevance.
Visit - https://t.me/freebitmexsignals
Ethereum is very well known throughout the cryptocurrency sphere, currently in the number 2 spot on Coinmarketcap and one of the most recognized projects after Bitcoin. However, Ethereum has also seen some pretty hard times lately. Does Ethereum still have a future and what does that future look like?
Though the same is true across the market, the price of Ether has dropped massively since the highs seen just over a year ago. Combined with disputes inside the community and tough competition, many are predicting that Ethereum is falling from grace. However, in this period the Constantinople hard fork should be released and with it major upgrades to the network. If the fork goes well and the project continues to see new developments, can Ethereum prove the doubters wrong and stay on top? Or is the project, in fact, already doomed? Let's dig in.
Among those who feel Ethereum's best days are already over, there are a handful of issues that continually pop up again and again. We'll take a look at the biggest and most common complaints to see if they hold any merit.
Lack of support and stiff competition.
One of the biggest claims thrown at Ethereum time and again is that other similar platforms, such as Tron and EOS, have larger numbers of users and faster transactions. Recently Tron founder Justin Sun himself took to Twitter to revel in the fact his platform was in the lead in terms of most dApp users.
It has also been often touted by Sun as well as other project heads that many of Ethereum's competitors have massively greater numbers of transactions per second, sometimes in the thousands. Currently Ethereum can only handle 20-30 tx/s on average. While this sounds damning, Vitalik Buterin has come out to defend his project by saying that these other platforms mainly achieve this through centralization, and Ethereum is dedicated to being decentralized.
Another claim is that Ethereum dApps simply aren't being used that much. Recent reports have shown that while EOS enjoys 50% of its dApps being used daily, Ethereum can only claim that 10% of it's dApps are used every day. That being said, almost 90% of EOS dApps have less than 1,000 users, making this claim a bit weak as far as proving relevance.
