• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

Jon Hartney by Jon Hartney
July 22, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

“All the Ethereum killers from back in the day didn’t succeed, and I don’t expect them to succeed at all,” Blockdaemon’s Ethereum lead told Cointelegraph.

Blockdaemon’s ETH ecosystem lead Freddy Zwanzger believes Ethereum will retain its leadership position in the crypto ecosystem over the coming years due to its utility as a smart contract platform and upgrades to the network following the Merge. 

Speaking to Cointelegraph during the Ethereum Community Conference (EthCC) this week, Zwanzger said:

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

“It’ll continue to be a leader. I mean, obviously, the first and most important smart contract platform, and that’s not going to change.”

Blockdaemon is an institutional-grade blockchain infrastructure platform that offers node operations and infrastructure tooling for blockchain projects.

The Blockdaemon employee also took aim at so-called “Ethereum killers” — competing Layer 1 blockchains — which have tried to topple Ethereum from its leadership position but failed.

“All the Ethereum killers from back in the day didn’t succeed, and I don’t expect them to succeed at all.”

Crypto projects that have been touted as “Ethereum killers,” include Solana, Cardano, Tezos, and Polkadot, among others. Many of these blockchains tout lower fees and faster transactions but have fewer active developers and certain blockchains place h less emphasis on decentralization.

To date, none have managed to displace Ethereum from its number two spot in terms of market cap. Cardano and Solana currently sit in the eighth and ninth positions, Polkadot is ranked 11 while Tezos is ranked 37, according to Coinmarketcap.

Zwanzger believes that the upcoming Merge will further propel Ethereum onwards and upwards in terms of technology and price.

“There are so many good things in there, like environmentally-friendliness, [and] all sorts of things that are beneficial to a lot of people. Staking will become more attractive,” he said.

“It’s a show of strength and commitment that the roadmap is materializing.”

The Ethereum Merge involves transitioning it from the energy-intensive proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) model, and has been tentatively scheduled to be rolled out around September 19.

However, Zwanzger admitted the big future challenge for Ethereum will continue to be scalability.

“The original Ethereum roadmap was focused on sharding, but that’s not so much the case anymore. Now we have a roll-up-centric roadmap, so scaling via layer 2 solutions.”

Currently, the “proof-of-work” consensus model allows the blockchain to process 15 to 20 transactions per second (TPS) according to data from Blockchair.

A quantum leap in the number of transactions per second is expected sometime in 2023 when the Ethereum network introduces sharding.

Sharding is a multi-phase upgrade to improve Ethereum’s scalability and capacity by splitting the entire network into multiple portions in order to increase the network capacity.

Sharding will work hand in hand with layer 2 solutions to further “supercharge” the scalability of the network.

Post-sharding, cofounder Vitalik Buterin has claimed the network will be capable of transaction speeds up to 100,000 TPS.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,130.000.18%
  • ethereumEthereum(ETH)$1,592.96-0.11%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • usd-coinUSD Coin(USDC)$1.00-0.06%
  • binancecoinBNB(BNB)$307.51-0.05%
  • rippleXRP(XRP)$0.4118870.04%
  • Binance USDBinance USD(BUSD)$1.00-0.21%
  • cardanoCardano(ADA)$0.385932-1.32%
  • dogecoinDogecoin(DOGE)$0.0886821.20%
  • matic-networkPolygon(MATIC)$1.14-0.36%
  • OKBOKB(OKB)$39.388.52%
  • SolanaSolana(SOL)$24.13-1.28%
  • Lido Staked EtherLido Staked Ether(STETH)$1,589.89-0.09%
  • polkadotPolkadot(DOT)$6.46-1.81%
  • Shiba InuShiba Inu(SHIB)$0.0000120.91%
  • litecoinLitecoin(LTC)$94.416.63%
  • AvalancheAvalanche(AVAX)$20.48-1.96%
  • tronTRON(TRX)$0.0633270.17%
  • daiDai(DAI)$1.000.04%
  • UniswapUniswap(UNI)$6.74-1.05%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,112.000.22%
  • cosmosCosmos Hub(ATOM)$13.21-3.54%
  • ToncoinToncoin(TON)$2.49-2.83%
  • leo-tokenLEO Token(LEO)$3.970.05%
  • chainlinkChainlink(LINK)$7.30-1.67%
  • moneroMonero(XMR)$182.851.37%
  • ethereum-classicEthereum Classic(ETC)$22.361.82%
  • AptosAptos(APT)$17.90-0.76%
  • bitcoin-cashBitcoin Cash(BCH)$135.381.04%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.092947-0.27%
  • ApeCoinApeCoin(APE)$6.01-4.55%
  • QuantQuant(QNT)$149.74-1.28%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.49-3.03%
  • CronosCronos(CRO)$0.081246-0.74%
  • filecoinFilecoin(FIL)$5.36-1.21%
  • Lido DAOLido DAO(LDO)$2.27-5.21%
  • algorandAlgorand(ALGO)$0.257085-1.69%
  • vechainVeChain(VET)$0.024371-1.37%
  • Internet ComputerInternet Computer(ICP)$6.111.64%
  • HederaHedera(HBAR)$0.067708-2.23%
  • Axie InfinityAxie Infinity(AXS)$11.44-1.53%
  • decentralandDecentraland(MANA)$0.70-2.43%
  • AaveAave(AAVE)$85.16-2.36%
  • eosEOS(EOS)$1.10-0.91%
  • The SandboxThe Sandbox(SAND)$0.73-3.58%
  • FantomFantom(FTM)$0.452060-3.61%
  • FlowFlow(FLOW)$1.07-2.63%
  • MultiversXMultiversX(EGLD)$44.44-1.11%
  • theta-tokenTheta Network(THETA)$1.08-3.16%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001740.38%
  • FraxFrax(FRAX)$1.00-0.09%
  • tezosTezos(XTZ)$1.11-2.56%
  • true-usdTrueUSD(TUSD)$1.000.12%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • bitcoin-cash-svBitcoin SV(BSV)$43.81-0.71%
  • huobi-tokenHuobi(HT)$5.120.89%
  • The GraphThe Graph(GRT)$0.093805-1.86%
  • Frax ShareFrax Share(FXS)$10.99-1.57%
  • kucoin-sharesKuCoin(KCS)$8.122.80%
  • Curve DAOCurve DAO(CRV)$1.08-4.29%
  • havvenSynthetix Network(SNX)$2.46-2.02%
  • Rocket PoolRocket Pool(RPL)$38.77-1.53%
  • ChilizChiliz(CHZ)$0.138049-1.05%
  • eCasheCash(XEC)$0.000038-2.93%
  • USDDUSDD(USDD)$0.990.05%
  • Trust WalletTrust Wallet(TWT)$1.72-1.28%
  • BitTorrentBitTorrent(BTT)$0.000001-0.24%
  • PancakeSwapPancakeSwap(CAKE)$4.010.03%
  • KlaytnKlaytn(KLAY)$0.217194-1.13%
  • BitDAOBitDAO(BIT)$0.57-1.88%
  • iotaIOTA(MIOTA)$0.238015-2.13%
  • dashDash(DASH)$56.259.42%
  • GateGate(GT)$4.211.10%
  • zcashZcash(ZEC)$46.550.54%
  • makerMaker(MKR)$656.90-3.99%
  • cUSDCcUSDC(CUSDC)$0.022705-0.02%
  • neoNEO(NEO)$8.34-0.03%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.02%
  • OKCOKC(OKT)$31.544.24%
  • THORChainTHORChain(RUNE)$1.84-2.24%
  • BTSE TokenBTSE Token(BTSE)$3.41-0.03%
  • cDAIcDAI(CDAI)$0.0221210.06%
  • Tokenize XchangeTokenize Xchange(TKX)$6.691.78%
  • Mina ProtocolMina Protocol(MINA)$0.64-2.81%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • RadixRadix(XRD)$0.05181515.06%
  • ImmutableXImmutableX(IMX)$0.66-3.39%
  • PAX GoldPAX Gold(PAXG)$1,920.14-0.21%
  • ArweaveArweave(AR)$10.25-0.81%
  • OsmosisOsmosis(OSMO)$0.97-2.79%
  • FlareFlare(FLR)$0.0427508.05%
  • zilliqaZilliqa(ZIL)$0.029501-2.06%
  • GMXGMX(GMX)$56.001.87%
  • nexoNEXO(NEXO)$0.84-1.03%
  • OptimismOptimism(OP)$2.19-5.82%
  • Tether GoldTether Gold(XAUT)$1,890.68-0.12%
  • cETHcETH(CETH)$32.190.42%
  • enjincoinEnjin Coin(ENJ)$0.456569-2.96%