Ethereum has established its second-generation blockchain status through smart contracts and crowdfunding. This historic position cannot be shaken, regardless of whether it will be surpassed in the future. The value of Ethereum is certain. One is that in places where performance requirements are not so high, such as the crowdfunding of blockchain projects, Ethereum is expected to occupy an important position.
The second is that Ethereum already has a relatively strong developer community, with its own brand recognition, and the initial establishment of an ecosystem. For example, although the performance of CryptoKitties is not good, projects such as loom network have also begun to do more explorations and attempts. It is a blockchain that can run on Ethereum smart contracts, and it is also a side chain, which allows different games to have high flexibility and performance, such as choosing different consensus mechanisms and creating their own rule sets. Currently on crytoZombies on the loom network, in just four and a half months, more than 170,000 developers have tried programming to build games based on Ethereum.
Most of the more than 1,500 tokens currently on the exchange are ERC20 tokens. Ethereum is not only issuing coins, but also initially establishing its own ecology in the process. Many projects that have received financing are to build applications based on Ethereum, and this force cannot be ignored. Moreover, it has been running stably for such a long time, and it has also won a certain amount of community trust.
Not only the project parties of decentralized applications, but also exchanges, wallets, hardware manufacturers, etc. all have a network effect, with sunk costs and benefits in them, and they cannot be scattered.