Do 'Ethereum killers' have a future? Here's what the crypto community says

2 years ago

While galore of the arguments enactment Ethereum, immoderate reason that things tin inactive spell southbound for the network.

Do 'Ethereum killers' person  a future? Here's what the crypto assemblage  says

Own this portion of past

Collect this nonfiction arsenic an NFT

Repeated outages of 1 of the astir fashionable blockchains believed to person the imaginable to dethrone the Ethereum web sparked a speech among assemblage members astir the aboriginal of those carrying the load of being called an “Ethereum killer.” 

A subordinate of the cryptocurrency forum connected Reddit opened a speech connected Ethereum killers and questioned their quality to win successful the existent crypto space. According to the assemblage member, those dubbed arsenic Ethereum killers are not apt to win due to the fact that they bash not get the aforesaid adoption that Ethereum does.

In addition, the assemblage subordinate argued that adjacent if a concatenation becomes faster than Ethereum, the marketplace capitalization of Ether (ETH) is precise high. Therefore, the crypto idiosyncratic believes that “no ETH slayer volition really termination ETH.”

Various members of the assemblage chimed successful and gave their thoughts connected the issue. From pointing retired that the alleged ETH killers did not present connected promises to suggesting dropping the word “ETH killer” altogether, crypto assemblage members discussed the aboriginal of ETH killers.

Community subordinate commenting connected the topic. Source: Reddit

One assemblage subordinate argued that "there's nary specified happening arsenic an Ethereum killer." The Reddit idiosyncratic believes that there's lone ETH, and past there’s the remainder of the layer-1 networks that combat for the remaining marketplace stock of the layer-1 market. 

Redditor comparing 2018 to the caller cycle. Source: Reddit

One Redditor argued that the word ETH slayer should beryllium dropped due to the fact that astatine this point, "ETH has go entrenched." The assemblage subordinate believes that portion ETH tin inactive beryllium dethroned, it cannot beryllium killed. "At that stage, the full marketplace would person to beryllium wiped retired which is besides a statistical unlikelihood,” they wrote.

Related: Solana Labs co-founder: We don’t privation to termination ‘beautiful’ Ethereum

While galore of the arguments are pro-Ethereum immoderate inactive judge that things tin inactive spell southbound for the network. A assemblage subordinate said that the thought that ETH “will ne'er neglect is ridiculous.” The Reddit idiosyncratic argued that ETH’s adoption doesn’t mean that it’s a done woody arsenic galore argued that the abstraction is inactive successful its aboriginal stages. They added:

"We are either aboriginal and it’s mode excessively premature to telephone implicit certainties oregon it’s done and we are nary longer early.”

As others contributed superior arguments to the discussion, immoderate joined successful to adhd a interaction of wit to the someway heated online debate. One assemblage subordinate posted “Ethereum is the existent Ethereum slayer killer” portion different said, “What doesn't termination ETH makes ETH stronger.”

The treatment came a fewer days aft Solana, 1 of the astir recognized Ethereum slayer blockchains, suffered different contented connected its network. On Feb. 25, Solana faced a slowdown successful artifact production, starring to a web restart. The incidental led to assorted disruptions successful idiosyncratic transactions. The contented besides sparked outrage connected Twitter, with immoderate mocking the web and calling it a “transaction killer.”

View source