{"id":23589,"date":"2022-07-22T03:54:20","date_gmt":"2022-07-22T03:54:20","guid":{"rendered":"http:\/\/egrowonline.com\/?p=23589"},"modified":"2022-07-22T03:54:20","modified_gmt":"2022-07-22T03:54:20","slug":"all-ethereum-killers-will-fail-blockdaemons-freddy-zwanzger","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=23589","title":{"rendered":"All \u2018Ethereum killers\u2019 will fail: Blockdaemon\u2019s Freddy Zwanzger"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMDlmYTRhZTctNmM2Ni00ZDhmLTgyZWEtNmIzOWZlOWY3OTE2LmpwZw==.jpg?w=1200&amp;ssl=1\" data-recalc-dims=\"1\" data-lazy-src=\"https:\/\/i0.wp.com\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMDlmYTRhZTctNmM2Ni00ZDhmLTgyZWEtNmIzOWZlOWY3OTE2LmpwZw==.jpg?w=1200&amp;is-pending-load=1#038;ssl=1\" srcset=\"https:\/\/cardanofeed.com\/image\/gif;base64,https:\/\/cardanofeed.com\/R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" \/><\/p>\n<p>Blockdaemon\u2019s <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"noopener\">ETH<\/a> 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.\u00a0<\/p>\n<p>Speaking to <a target=\"_blank\" title=\"CoinTelegraph Markets Pro\" href=\"https:\/\/cryptobreaking.com\/go\/cointelegraph-markets-pro\/\" data-shortcode=\"true\" rel=\"noopener\">Cointelegraph<\/a> during the Ethereum Community Conference (EthCC) this week, Zwanzger said:<\/p>\n<p>\u201cIt\u2019ll continue to be a leader. I mean, obviously, the first and most important smart contract platform, and that\u2019s not going to change.\u201d<\/p>\n<p>Blockdaemon is an institutional-grade blockchain infrastructure platform that offers node operations and infrastructure tooling for blockchain projects.<\/p>\n<p>The Blockdaemon employee also took aim at so-called \u201cEthereum killers\u201d \u2014 competing Layer 1 blockchains \u2014 which have tried to topple Ethereum from its leadership position but failed. <\/p>\n<p>\u201cAll the Ethereum killers from back in the day didn\u2019t succeed, and I don\u2019t expect them to succeed at all.\u201d<\/p>\n<p>Crypto projects that have been touted as \u201cEthereum killers,\u201d 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.<\/p>\n<p>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 <a target=\"_blank\" title=\"CoinMarketCap\" href=\"https:\/\/cryptobreaking.com\/go\/coinmarketcap\/\" data-shortcode=\"true\" rel=\"noopener\">Coinmarketcap<\/a>. <\/p>\n<p>Zwanzger believes that the upcoming Merge will further propel Ethereum onwards and upwards in terms of technology and price. <\/p>\n<p>\u201cThere 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,\u201d he said.<\/p>\n<p>\u201cIt\u2019s a show of strength and commitment that the roadmap is materializing.\u201d<\/p>\n<p>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.<\/p>\n<p>However, Zwanzger admitted the big future challenge for Ethereum will continue to be scalability. <\/p>\n<p>\u201cThe original Ethereum roadmap was focused on sharding, but that\u2019s not so much the case anymore. Now we have a roll-up-centric roadmap, so scaling via layer 2 solutions.\u201d<\/p>\n<p>Currently, the \u201cproof-of-work\u201d consensus model allows the blockchain to process 15 to 20 transactions per second (TPS) according to <a target=\"_blank\" href=\"https:\/\/blockchair.com\/ethereum\/charts\/transactions-per-second?compare=bitcoin&amp;interval=full\" rel=\"noopener nofollow\">data<\/a> from Blockchair. <\/p>\n<p>A quantum leap in the number of transactions per second is expected <a target=\"_blank\" href=\"https:\/\/ethereum.org\/en\/upgrades\/sharding\/#what-is-sharding\" rel=\"noopener nofollow\">sometime<\/a> in 2023 when the Ethereum network introduces sharding.<\/p>\n<p>Sharding is a multi-phase upgrade to improve Ethereum\u2019s scalability and capacity by splitting the entire network into multiple portions in order to increase the network capacity. <\/p>\n<p>Sharding will work hand in hand with layer 2 solutions to further \u201csupercharge\u201d the scalability of the network. <\/p>\n<p>Post-sharding, cofounder Vitalik Buterin has claimed the network will be capable of transaction speeds up to 100,000 TPS. <\/p>\n<p>Source: <a target=\"_blank\" title=\"CoinTelegraph Markets Pro\" href=\"https:\/\/cryptobreaking.com\/go\/cointelegraph-markets-pro\/\" data-shortcode=\"true\" rel=\"noopener\">Cointelegraph.com<\/a><\/p>\n<\/p><\/div>\n<p><b>Disclaimer:<\/b> <em>Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.<\/em><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/cardanofeed.com\/all-ethereum-killers-will-fail-blockdaemon-s-freddy-zwanzger-99677.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockdaemon\u2019s 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.\u00a0 Speaking to Cointelegraph during the Ethereum Community Conference (EthCC) this week, Zwanzger said: \u201cIt\u2019ll continue to be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[9940,158,988,9941,5962,9942],"class_list":["post-23589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-blockdaemons","tag-ethereum","tag-fail","tag-freddy","tag-killers","tag-zwanzger"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMDlmYTRhZTctNmM2Ni00ZDhmLTgyZWEtNmIzOWZlOWY3OTE2LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/23589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23589"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/23589\/revisions"}],"predecessor-version":[{"id":23591,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/23589\/revisions\/23591"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/23590"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23589"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}