Thursday, July 25, 2024

Every “Ethereum killer” will fall short: Freddy Zwanzger of Blockdaemon.

The Ethereum ecosystem of Blockdaemon is led by Freddy Zwanzger. He believed that Ethereum will continue to maintain its position of leadership within the cryptocurrency ecosystem. This is due to the utility it has a platform for smart contracts, as well as the upgrades that are made to the network after the Merge.

Ethereum Will Continue

Zwanzger was at the Ethereum Community Conference, where he said that he believes that Ethereum will continue to be seen as a leader. He said that he sees Ethereum as one of the first and most important platforms for smart contracts. He believes that this is not likely to change.

Blockdaemon is a platform for blockchain infrastructure that is institutional-grade. It offers infrastructure tooling as well as node operations when it comes to blockchain projects. The employee from Blockdaemon also spoke about the killers of Ethereum. These are layer-1 blockchains that are essentially competition. They have already tried to remove Ethereum from its position as a leader, but have failed.

Among the crypto projects that are seen to be killers of Ethereum are Cardano, Solana, Polkadot, Tezos, and many more. A lot of these blockchains end up asking for fees that are lower, and provide transactions that are faster as well. However, they also have fewer active developers. There are also blockchains that don’t place the same amount of emphasis when it comes to decentralization.

Till date, none of them have managed to topple Ethereum from its place in the number two spot, when it comes to market cap.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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