Multiple MainNet Platforms Going Live – Tough Times for Ethereum Ahead? (and what about the EOS $4bn in Ether?)
Reading the article below had made me think about Ethereums position in the market. I’m not sure who will win, or I guess how many chains are needed. But it’s fair to say that those that offer the DAPPS providers the best speed and lowest fee’s are in a better position to attract people to launch on their mainnet.
We’ve only just recently seen the new Social Blockchain project HowDoo (which is seeking to become a decentralised social platform for users, content creators and advertisers) switch from Ethereum to their own customer fork of EOS (as explained in this article).
The HowDoo, David Brierley, explains why in this interview with CryptoZombie
So, tough times ahead indeed for Ethereum, as not only are they facing competition from new mainnets, but also people are looking to build their own (like Howdoo and Kik).
The other big unanswered question of course is what will happen to the price of Ether with the $4bn raised in the EOS ICO hits the market.
For more details on the new launches, please follow the link below to the article.
“Ethereum will be facing a lot of competition this year with 5 MainNet launches that have been launched or are set to launch before the end of the year. These MainNet include Tron (TRX), EOS (EOS), Zilliqa (ZIL), VeChain (VEN) and Cardano (ADA).
Tron and EOS have already launched their MainNet and users are now waiting for the networks to go live. Zilliqa, on the other hand, has launched its TestNet which has shown a lot of promise and the development team will soon announce when it will launch its Mainnet. The Zilliqa TestNet has recorded promising results in terms of sharding, with an increase in transaction speed per second in comparison with other networks”