While Ethereum Is On Something Now

While Ethereum Is On Something Now

The weekend is a perfect opportunity to rest from instant news and deep into essentials. Say, to review a collection of our recent materials related to Ethereum technology:

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Justin Sun: Tron Will Build A Monument To Remember ETH And Vitalik Buterin

Tron’s founder Justin Sun has been known to be one man who likes stokes the fires especially in regard to TRX and other cryptos. In the past, he has been quoted throwing jabs at other crypto teams like the Ethereum Foundation. He has also gone above and beyond to keep the TRX talk going online. This time around, Justin Sun is throwing some sarcasm at Vitalik Buterin and ETH. In a tweet, Justin intimated that if Tron finally succeeds, the company will be happy to erect a nice monument for Vitalik Buterin and his ETH in remembrance of his massive contribution to the crypto community. Reading between the lines, you can help but notice some tinge of sarcasm in Justin’s remarks, especially given that he has always argued that Tron will one day overtake Ethereum. When #TRON succeed, we will build a monument in memory of #ethereum! @VitalikButerin will be remembered for his tremendous contribution in #blockchain industry! #TRX #BTT https://t.co/ig3Yg50NND — Justin Sun (@justinsuntron) March 24, 2019 Vitalik’s Sentiments On the same thread, influential cryptoanalysts and enthusiast Misha Lederman was quick to throw in his input, quoting Vitalik Buterin as saying that he would be really disappointed in humanity if Tron ever beats Ethereum. He then went ahead to offer his own opinion on the matter, saying that the real question is when, not if, Tron will eventually surpass Ethereum. Reactions Justin’s tweet seems to have attracted quite some attention from across the crypto world, with various online characters coming out to give a piece of their mind. Some thought that Sun’s tweet was somewhat in bad taste and that he should instead concentrate on building his Tron empire and not attacking other people. However, there are those that agreed with him. To these, Tron is on its way to great glory and Ethereum will eventually bow to it. On the other hand, some users didn’t buy the story. They argued that Tron is still too far back away to even think of ever overtaking Ethereum. In fact, someone said that Tron can’t surpass Ethereum even in 10 years’ time. Vitalik is yet to respond to Justin Sun’s tweet, and it would be interesting to what turn the debate takes from here. The post Justin Sun: Tron Will Build A Monument To Remember ETH And Vitalik Buterin appeared first on ZyCrypto.

Bitcoin and Ripple Ranked Way Below Top Cryptocurrencies in Chinese Rankings

The Chinese Government agency, the Center for Information and Industry Development (CCID) has released its ranking of the public blockchain on the basis of their technical prowess. Thirty-Five cryptocurrencies were technically evaluated: the three most popular Dapps platforms EOS, Tron and Ethereum attained the top three positions. According to the press release by CCID, it is reported that the CCID Global Public Chain Technology Evaluation Index is released by CCID (Qingdao) Blockchain Research Institute. The evaluation work is organized and implemented by CCID Blockchain Research Institute, CCID Think Tank and China Software Testing Center participate. CCID Rankings The top 15 Blockchain Rankings According to CCID CCID Rankings are released every month, this was the 11th release of the ranking since its beginning in May 2018. The evaluation model is consistent with the previous issue and is still evaluated in three main areas: basic technology, application, and innovation. Ethereum has risen to the third place after the Constantinople update and also gained three positions concerning the Basic Technology Index (a sub-Index of the rankings) of the CCID rankings. On the innovation front, Bitcoin is still ranked first followed by Ethereum (ETH), EOS, Litecoin, and Application Chain. According to CCID, Innovation focuses on the continuous innovation of the public chain. The survey points include developer size, code update, and code impact. Bitcoin’s Lightning Network (LN) has developed enormously since 2018. The Public Evaluation Index forms an authentic reference for the people around the world as its independent evaluation confirms their authenticity and also provides a scale of comparison for the developers. The post Bitcoin and Ripple Ranked Way Below Top Cryptocurrencies in Chinese Rankings appeared first on Coingape.

Vitalik Buterin Sees Ethereum (ETH) Dominance Fading… And He’s Not The Only One

Vitalik Claims Ethereum Is Losing Its Lead “To Some Extent” Earlier this week, the one and only Vitalik Buterin sat down with prominent crypto journalist Laura Shin to talk all things Ethereum. In the interview, this being the first live episode of “Unchained,” Buterin was surprisingly candid, letting a few things slip out of his lips that may have caught some on the back foot. According to BreakerMag, Shin started it out with a toughie: “is Ethereum losing its lead?” Surprisingly, Buterin conceded, remarking that yes, Ethereum is losing its command over the smart contract blockchain ecosystem “to some extent.” The Russian-Canadian coder chalks this up to his brainchild’s nascency, explaining that as the industry swells, there will naturally be competitors that rear their heads. He adds that time gives projects time to build off their predecessors. The 26-year-old programming wiz goes on to touch on potential competitors. Polkadot, a yet-to-launch crypto project that raised a purported $100 million+. Buterin explains that he doesn’t see the blockchain replacing his own. Yet, he explains that he wouldn’t be entirely disheartened if the privacy-centric ZCash or even Ethereum Classic were to usurp his project’s own hegemony. On the other hand, he poked fun at Tron, explaining that if the Justin Sun-run venture manages to take over Ethereum, he ” will have lost a certain amount of hope for humanity.” Losing Steam Buterin isn’t the first to have brought up issues with the narrative that Ethereum will always be the go-to platform for decentralized applications. Kyle Samani, the co-founder and managing partner of Multicoin Capital, noted that well-funded, high-potential blockchains could eventually pose a threat to Ethereum’s multi-year supremacy. The Multicoin executive noted that Cosmos and the a16z-backed Dfinity, two projects that found their roots in 2017, could take a large piece of the smart contract development and deployment pie. World-renowned venture capitalist Fred Wilson echoed this thesis. In a blog post, Wilson, the co-founder of Union Square, remarked that “‘next-gen’ smart contract platforms” will begin to ship and challenge the long-standing leader in 2019, especially in terms of its leadership in this “super important area in the crypto sector.” In a recent Forbes interview, Alex Sunnarborg, a Tetras Capital representative, noted that recent layoffs at Consensus Systems, better known as ConsenSys, should have a negative effect on the broader Ethereum ecosystem. He added that the fact ConsenSys is an integral part of this subsector and underwent purportedly drastic staff cuts should have some worried. Generalizing DApps and products on the platform, Sunnarborg explained that many promising offerings have yet to launch, and the ones that have are “pretty difficult to use” and have little-to-zero active users. Case in point, the Tetras capital founding partner drew attention to the mere $40,000 currently staked on Augur, a multi-million dollar ICO. Thus, he claimed: “There’s this massive disconnect between how much money is still tied up in these projects and how much people actually use them.” Sunnarborg added that Ethereum may also become pressured by competition blockchains, like Dfinity or Polkadot, along with the fact that the chain’s development is losing momentum and steam. Photo by James Pond on Unsplash The post Vitalik Buterin Sees Ethereum (ETH) Dominance Fading… And He’s Not The Only One appeared first on Ethereum World News.
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