Many Blockchains But Will Any Replease BTC and ETH ?
It seems like lately many new blockchains are releasing that take on things such as sharding, scalability and more. However they don't seem to catch on quite like Ethereum did. While there is some pump behind them I have yet to see one that actually beats them in terms of actually using the processing power and going full scale.
The main issue seems to be the lack of branding/promotion. Just because you build something does not mean people will come this isn't Field of Dreams from 1989.
What many of these new startups lack are the infrastructure of real world cases and businesses they would even accept their new found blockchain and coin. Because of this we now have hundreds of blockchains that do well above Bitcoin transactions per second and Ethereums transactions per second but simply don't move.
This is why to me coin like Bitcoin, Ethereum, Dash, Litecoin as still true and tested coins that are scaling but slower. They are kind of letting these other start ups make mistakes and test out systems before they go mainstream with their own. And boy when they do these coins are going to explode!
The only real hold back for bitcoin and Ethereum are their transactions per second in which should be reality resolved this year.
What are your thoughts?
Do you think there will be a new coin that comes around that will simply blow Bitcoins market cap out of the water and be used world wide? Or is it more of a steady slow approach that will end up the winner such as ethereum ?
EOS may.
I think the whole blockchain hype is clouded by the tech and many people overlook the primary, most important feature of blockchain which is it's decentralization (which leads to security).
All these new blockchains are nice and all, but in the end nowhere near as decentralized or trust-worthy as Bitcoin or Ethereum. They may be trust-able enough to trust small value digital assets, such as social media postings and whatnot, but they cannot be trusted enough to deal with million/billion dollar transactions. Bitcoin and Ethereum to a lesser extent, however, can be trusted for high value transfers/storage, and that makes it unique. Every other blockchain still requires trust in some party/parties.
My estimation is that other blockchains are what we will use and earn through but Bitcoin is what we will store the earnings into. Ethereum with it's adoption and development stands the best chance at providing the surrounding ecosystem in my opinion.
It's not about tps, it's about decentralization.
My opinion is that the leaders will be the coin, the developers of which will be able to solve all the triad of the existing problems – scalability, decentralization and security (vulnerability). So far it turns out that one of these problems inevitably affects the other two.
Oh and of course a disproportionately high energy consumption method for the confirmation of the consensus POW must give way to the more acceptable.
English translated using Google translator so - don't blame me :)
Whichever coin is able to become a mass-adopted functional currency that you can make a purchase with anywhere, anytime for anything will probably become the biggest! Bitcoin paved the way and I can see it going all the way...
ETH is a great end project
Just read a newsletter promo about potential "Amazon coin"...now what confuses me is if a private company creates its own coin on a blockchain...who are the node verifyers? The company itself? Is it a real blockchain or just another way to more easily store and manage data?
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