Ethereum shows that it is not just a coin, it is innovation
Many people when they hear the word Ethereum, associate it with the ETH cryptocurrency, even thinking that they are the same. The reality is different, this is the name of a company, a platform, a community, but the main thing is innovation .
Even, the greatest achievement that has had is to develop the technology based on Blockchain with its name, Ethereum , which is the basis of an infinity of projects in the market; normally people would think that only ETH uses this platform, however, the fact is that there is a diversity of digital currencies that use this platform, adapted with the ERC20, the standard token of Ethereum (technology).
Achieved Achievements
In addition to obtaining the titles of "The Second Cryptocurrency of the World" and "Stability is with ETH", related to its digital currency, the same technology has obtained its own merits and achievements.
The researcher Kevin Rooke, professional researcher and Youtuber, released his study of the real value of Ethereum, stating that from its list of the 100 best Blockchain projects, 94 are based and use Ethereum technology. Rooke explains that the success of this company is associated with its expansion, currently having around 250,000 developers.
It should be noted that Rooke considers that even Ethereum is small if you compare it with other transnationals, but it can easily be shown that it is the largest in this nascent market. Poses that the potential is not limited to the projects associated with ETH, thinking that if you continue with this growth path, in several years, you could become the Apple or Microsoft Blockchain technology, symbolizing progress, innovation and satisfaction.
What happens with the other protocols?
Rooke says that currently is not a monopoly, because there are other mechanisms and methods apart from Ethereum that are still active in the market. In my opinion, I believe that the situation could become a Natural Monopoly , this being an economic term, which refers that it is not a monopoly for actions or actions carried out by agents, it is caused by other people's reasons, this being the accumulation of trust and the cost of innovating, that is, developers have every incentive to continue using Ethereum because it is effective for them, and for a company it is expensive to achieve the same levels of innovation as Ethereum.
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