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The Ethereum platform is known to be the main ruler of the initial money supply (ICO) section of the cryptocurrency world, but nothing lasts forever. Ethereum may have the speed and scalability that are easy to develop, but constant problems with network obstruction have caused Ethereum to abandon other platforms.
With any ICO team, options are plentiful, with EOS, NEO, VeChain, Stellar and others offering their services. At this time, it seems that many new projects are coming to Stellar Lumens.
Kin is a perfect example of this switch. Kin is a cryptocurrency launched by the creators of Kik Messenger, a home with 300 million monthly users. At the beginning of the ICO advertising campaign, this project was originally launched on Ethereum, but a recent announcement showed that the Kin were closing their atomic exchange based on Ethereum. They also told users that they would launch a tool that would help users get their relatives from the previous platform.
Stellar has an easy-to-use emission system, without authorization and widely accessible. However, the ability of the integrated token allows these ICOs to support multi-sign permissions, limit token availability and even create dividends. The decentralized exchange offered by Stellar makes it possible to negotiate any token, eliminating the need or an intermediary. Even a brand new token can be traded the same day it is received and with better processing times and costs.
With all these advantages, is Ethereum on unstable ground? In January, Stellar demonstrated its value when Mobius used the ICO platform of its startup, taking home $ 39 million. The fact that it was the largest ICO was worthy of attention, but the fact that it was done without Ethereum seemed to be even bigger news.
Ethereum was the go-to platform to create a blockchain project and even offer an ICO. Their infrastructure basically allows users to develop their own blockchain, and the ERC20 is so well known that it is essentially a unified standard at this point, offering support for tokens.
However, Ethereum can no longer ride the wave of being the only option. Thirteen blockchains have been involved in completing an ICO, including Stellar. Some of the other platforms with these success stories include VeChain, EOS, Tron, NEM, QTUM, BitShares, Lisk and Waves. It would not be very difficult to say that the future will lead to ICOs who have also been enabled by known blockchain projects.
The most urgent issue that should be in the mind of Ethereum is the problems of downsizing. Right now, there's a transition from proof-of-work to proof-of-stake, which will ultimately determine what Ethereum can do in the future. However, if they fail, Stellar could climb to the top.
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