Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Why do people still use ETH?
by
no-ice-please
on 28/07/2021, 23:44:57 UTC
Quote from: bittick on July 27, 2021, 01:23:33 AM
Quote from: no-ice-please on July 26, 2021, 08:38:54 PM
Quote from: tvplus006 on July 23, 2021, 10:36:10 AM
Quote from: RussianEnglishTranslation on July 23, 2021, 07:15:41 AM
I stopped using ETH on Ethereum and moved to Fantom and NEAR Aurora. I got sick of the fees and failed transactions.

It is very difficult to stop using ETH since most of the coins are created on the Ethereum blockchain. Accordingly, by refusing to use Ethereum, you miss a lot of profitable projects, which, with a decrease in the dominance of bitcoin, will show a very good price increase.

A lot of projects that have been launched recently are not running on top of the Ethereum network. Binance Smart Chain seems to be the preferred hub for now for any new project launched, or most new projects. But there are so many older projects that people are still holding onto, that there is no way around Ethereum. Everyone is waiting for Ethereum to scale and succeed and make their token valuable.
I see that too, many of new projects deployed in various smart contract blockchain and its actually a good thing since it could reduce or atleast prevent eth from getting too overloaded after all a project will need different specification, for example axie that needed a blockchain that could make many transactions in short amount of time. Its all about preferences that the project have, atleast with the spreading of developer to many blockchain it could bring newer smart contract platform come to life.

The issue with this point of view is that Ethereum always claimed it wants to become the center of all action when it comes to decentralized applications. Hence they have to solve the scalability problem. It would also make sense to have one place that you go to when you need decentralized apps. It is the same as when you go to the Appstore of Apple. Imagine you would have 8 app stores on your mobile phone, you would freak out of course.