The platform that hosts the most blockchain start-up projects and attracts most developers will eventually win. The blockchain platform, which is ultimately the most practical, most developed developer and the most scalable dApp framework, will win and take over Bitcoin coin, becoming the successor to blockchain innovation.
In 2018, it is hard to say that this platform is not Ethereum coin. Ethereum has spawned countless ICOs, and to date it has the largest number of blockchain developers worldwide.
As of October 2017, it has at least 35,000 developers based on CNBC statistics. In 2018, some people think that this number is now close to 200,000. This is what cryptocurrency researchers and YouTube V-Kevin Rooke said.
Few blockchain projects, like Ethereum and Vitalik Buterin, embody the spirit of decentralization. Ethereum technology is optimized for software engineers based on next-generation blockchain technology. With the advancement of sharding and plasma technology, it is likely to overcome its scalability problems very quickly.
According to reports, 94 of the top 100 blockchain projects were released on the Ethereum network. As of mid-2018, Ethereum market value was $52.3 billion (down to $27 billion on August 15, 2018), but this did not fully demonstrate its DAPP leading platform as a blockchain developer and startup. universality.
“The fundamental problem with traditional currencies is all the trust they need to operate. It must be trusted that the central bank does not devalue the currency, but the history of legal tenders is full of damage to this trust.” - Nakamoto
Ethereum's commitment to expansion strategy and decentralization may be the most cited reason for developers to use it as the preferred DApp platform. Although Bitcoin has evolved into a valuable digital storage over the past decade, it has not been extended as a payment method for a variety of reasons.
However, Ethereum is increasingly becoming the leading distributed application platform. Although competitors have emerged, they pose no direct threat to this situation, including: EOS, NEO, Cardano, Stellar, Qtum, ICON, and now Tron has achieved significant market valuation and presence in the global market, with emphasis Placed on a distributed application.
So, who will blockchain startups and developers trust?
There are too many projects built on Ethereum that cannot be fully listed, but even the most practical solutions, such as the $2 billion market value of the Chinese Internet of Things blockchain network VeChain, are based on the Ethereum network. Tron is transforming to become a competitor to NEO, which is often referred to as "China's Ethereum." Not sure if Cardano or EOS has the technical advantage they claim to threaten Ethereum in the near future or in the years to come.
The blockchain may not be as commerce-like as the artificial intelligence and cloud, but it will certainly become an important agreement to increase return on investment and significant revenue.
In the concept of open source projects and decentralization, developers are attracted by dynamic innovation in this area. Even Wall Street will see a large number of financial talents working with software engineering to start new exciting projects. This is not because of cryptocurrency, but because of Ethereum.
If I C O promotes the cryptocurrency hype in 2017, then in 2018 companies adopt blockchain technology that is changing the way we look at blockchain technology. Blockchain is now ahead of quantum computing and supercomputing, and how this emerging technology will impact innovation and new blockchain startups will be amazing.
"The nature of Bitcoin is like this. Once the 0.1 version is released, its core design will remain the same throughout its life cycle." - Nakamoto
Although Bitcoin is still a classic and symbolic, Ethereum is a dynamic development that must evolve to meet the needs of the times and serve as the current DApp leader platform.
If Bitcoin is in dispute, then Ethereum may be eliminated. To some extent, they are the yin and yang of the cryptocurrency. What is possible with Web 3.0 running smart contracts on a 5G network? Which blockchain system will be used in the Internet of Things where everything is connected? let us wait and see.