Altcoin News

Ethereum [ETH] is the Best Cryptocurrency Platform by Mass Adoption: DataLight Report

While Ethereum may appear to be a slow project in terms of platform development, the platform is actually better than those that appear to be making progress. The platform has been criticized for several reasons including its plans to migrate to a Proof-of-Stake Consensus mechanism. However, DataLight analysis of top smart contract and dapp deployment platforms shows Ethereum is actually the most popular by mass adoption for real use.

The king of platforms?

Ethereum currently has the highest number of tokens in its ecosystem by far. The number is at 1,193 based on DataLight data. The first runner up NEO has only 28 projects while Stellar and Wave have the third place with 24 projects each.  Surprisingly, Tron which is seemingly more popular has only 2, even less than EOS which has 8 projects. However, Tron’s recently created BitTorrent token (BTT) and that of Everipedia are the biggest tokens on the networks.

While Ethereum is the highest in terms of market capitalization among the platforms, they are closer to it compared to the ecosystem market cap. Ethereum has an ecosystem capitalization of $12.2 billion while Tron has $378 million and EOS has $26.9 million. Ethereum also supports notable cryptocurrencies. Most ERC-20 cryptocurrencies were initially built on the Ethereum blockchain, including Tron. Even as a network, Ethereum is a top performer far above Omnilayer, NEM, and Bitshares which cannot come close to it by market capitalization.

Also Read: EOS DApp Analysis Finds 75% Bot-Generated Transactions; Do Tron and Ethereum Practice the Same?

Future tendencies

Ethereum was the first platform dedicated to building and deployment of smart contracts and dapps before others like Tron came up, so it is hardly surprising that it is far ahead. However, the future may turn out to be different as Tron is a potentially formidable competitor. So far, it has overtaken Ethereum in a number of transactions and sometimes dapps. Could it be that Tron in a few years time may compete with Ethereum fiercely for the top spot?

Summary

Ethereum [ETH] is the Best Cryptocurrency Platform by Mass Adoption: DataLight Report

Article Name

Ethereum [ETH] is the Best Cryptocurrency Platform by Mass Adoption: DataLight Report

Description

Ethereum has demonstrated its importance in the blockchain industry. While many see it as a slow platform in expansion, DataLight closely examined the top smart contract and dapp deployment platforms shows that Ethereum is the most popular in terms of adoption.

Author

Ponvang Bulus

Publisher Name

Coingape

Publisher Logo

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.




Source: coingape.com
View original post

Tags
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close