Tuesday, October 30, 2018

Vitalik Buterin and Ethereum in problem

As I have mentioned several times, at current throughput max of 20 tps, the 1.3MM daily transactions of Ethereum is a hard cap. So until Ethereum goes to proof of stake 
But why the slowdown? Three fundamental reasons:

1. ICOs were hit with increased regulation in March.

Since the killer app of Ethereum was ICOs, the slowdown of the ICO market starting really in march has slowed down all other metrics of Ethereum.

2. Realization that Ethereum based dApps are very unfriendly

There were a lot of interesting ideas hatched in 2017, but many of the Ethereum based ideas simply turned into apps that are hard to use. I like the premise of Augur, but the Ethereum app is literally not downloadable on my machine. Just as one example.

3. 


Eosio

 emerging as a real competitor.
Eosio has now been live for 2 months. It is far from perfect. But sending EOS from A to B on Eosio LYNX is a fundamentally different experience than sending Ethereum on any other app. With accounts and no direct gas fees, you can build something on Eosiothat you absolutely cannot on Ethereum.

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Vitalik Buterin and Ethereum in problem

As I have mentioned several times, at current throughput max of 20 tps, the 1.3MM daily transactions of Ethereum is a hard cap. So until Et...