I’ll reiterate the issue I raised in newsletter #6. Ethereum was the first smart contract platform that allowed people to issue “tokens” on top of it.
There are more competitors than I can keep track of:
Neo (China’s Ethereum).
Eos – Emphasis on scaling and ease of use. Arguably the best scaling solution, since Cardano isn’t live yet.
Waves – a cool project that emphasizes usability. Their wallets also include all the functionality of decentralized exchanges for Waves tokens. So if you install the Waves wallet, you can automatically invest in Waves projects.
Qtum – seems to be focused on business.
Nuls – a new entrant which claims to be an enterprise solution.
and of course, Cardano, which I’ve very bullish on as explained in the previous newsletter.
Anyway, Ethereum has a huge first mover advantage, but there are thousands of project which will come online in the coming months. They’re either going to solve their scaling issues and do great, or it’ll be a slow motion train wreck . . .
. . . and a lot of money and investment depends on this. Will Ethereum solidify their first mover advantage? Or will scaling issues allow it’s many competitors to take over?
Yes, they are being worked on. There are many proposals and supporting projects. Ethereum’s co-founder Charles Hoskinson is skeptical, which is why he’s now building Cardano.