Yeah I know all the news today is about EOS.
But then again EOS would not have existed if it was not for the massive token sale that took place because of Ethereum!
Ethereum has long been said it would overtake bitcoin in the so called flipping. Which has been close a few times but has yet to happen.
It most likely would of happened December of last year but ever blockchain ran into major growing pains and fees shot to the moon!
Ethereum continues to be the go to system to launch every new big project and even with regulations stepping in what that most likely means is solid core ICOs you know the ones that actually have a goal, a reason and a purpose.
Ethereum also has a strong backing in terms of changes and advancements to the blockchain to help it grow and adjust over time. As anyone in business knows if you cant pivot and adjust to the times your company will die.
The big news coming today about sharding and the possibilities as Vitalik Buterin says "Ethereum Will Eventually Achieve 1 Million Transactions Per Second" This even dwarfs VISA who went down for a few hours just the other day screeching most business to a halt.
VISA going down the other day also shows why its important to have alternative payment methods such as fiat or more importantly to us cryptocurreny as an easy way to store value and use it.
I think a competitive market is the main goal. Having several different options is a good thing. I would like for ethereum to succeed, just like I want EOS, steem and Dragon chain to also. I think having strong alternatives to traditional methods is great. If nothing else it will force the banks to re-examine their way of doing business
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Ethereum has got to step up it’s game in other for EOS not to overtake it. Yeah you’re right , the news has been about EOS and I agree with you that without ethereum, EOS will be a non success. Now it’s time for ethereum to rise to its appropriate position else it’s in for a long battle.
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Going to be interesting to see sharding vs other scaling methods. While I still think the LN is better for speed, sharding might be the only way Dapps can scale. Unless Lapps have more complex smart contracts. Some Devs are working on it....but IDK
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If ethereum is able to achieve a million transaction per second it would be really good. It would serve as anothet major source of carrying out reliable transaction aside visa and this could pivot it beyond Bitcoin itself
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Cough let not forgot that bitcoin has it own scaling plan as well that can beat 1 million tos. Right now it going to be who can deliver the tech faster,safer, and "quickly"
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I really hope so, I am invested in it and believe in the project :)
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Reasons why Ether will struggle...
If the Ether team is willing to risk a fork, they can implement massive changes.
Slapping a transaction layer ontop of a chain is literally a band-aid.
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