Blockchain Platforms: Ethereum Leadership
Beyond blockchain networks specializing in payment (such as Bitcoin, Ripple, Bitcoin Cash or Litecoin), a large majority of corners currently available rely on the Ethereum protocol.
You simply can not develop great apps and products without having a large developer base behind you. But today, about 250,000 developers use the Ethereum platform. Since the sector is still very small, it is an impressive figure. The Ethereum development framework, dubbed Truffle, has already been downloaded more than 500,000 times. And despite the drop in the price of Ether recorded this year, the interest of developers has grown steadily.
Even the TRONIX - the tenth digital asset, backed by a valuation of more than 3 billion dollars - was developed following Ethereum's ERC20 standard (it should however soon migrate to a completely independent blockchain).
Other projects that rely on Ethereum include VeChain, a blockchain network specializing in the Internet of Things, ICON, a South Korean platform, or Zilliqa, which plans to deploy a network capable of handling thousands of transactions per second.
Everyone has funds
In the last few months, we've seen numerous blockchain protocols that aim to compete with Ethereum, attracting developers who want to create and deploy decentralized applications. Thus, EOS, NEO, Cardano, Qtum or ICON are now present in the "Top 30" of the main digital assets.
EOS - which was also launched as an Ethereum token - has raised the equivalent of $ 4 billion, which is now the largest ICO in history.
Faced with fierce competition, Rooke believes that Ethereum will have to fight to convince developers, and continue to be a reference blockchain platform.
He adds that the fact of having significant funding would be, according to him, more sufficient to successfully launch a blockchain project to deploy decentralized applications.
How is it possible to attract developers when nobody uses a platform? How to encourage users to use a platform if there are no developers ready to use this infrastructure to create applications? In a way, it is necessary to have funding to start a project. But today, in the crypto ecosystem, everyone has funds - even Ethereum - and this erases what would constitute, in another sector, a competitive advantage, "he added.