[ad_1]
Capital Multicoin expects Ethereum to meet the competition
Business Insider recently met Kyle Samani, co-founder and managing partner of Multicoin Capital, a Texas-based cryptographic fund backed by pro-Bitcoin investor Marc Andreessen, along with David Sacks. In the interview, Samani drew attention to his predictions for the cryptographic trends of 2019, making mention of Ethereum (ETH).
He explained that a handful of well-funded and high-potential blockchain platforms, such as Dfinity and a16z-encrypted Cosmos, could challenge Ethereum frontally in the near future. Multicoin's representative noted that the two above-mentioned two initiatives, which have not yet been launched, could make a move towards the almost undisputed hegemony of Ethereum as a platform for the development and deployment of smart contracts.
Samani explained that as it is, the blockchains of the works are "aiming to challenge Ethereum". He added that he expects a reduction in the percentage of total blockchain developers working on the platform mentioned above, especially when 2019 expires. However, despite Samani's heart-rending comments, he later explained that by December, the The third most precious crypt by market capitalization will continue to de facto govern the sector of smart contracts.
Then, again, he noticed that in the course of 2020, this could drastically change as the blockchain improvement protocols become operational.
Samani's recent comments arrive a few weeks after Fred Wilson, one of the founders of Union Square Ventures, made a similar comment through his world-renowned blog, AVC, which covers both traditional and emerging markets. For previous Ethereum World News reports, Wilson drew attention to Cosmos and similar-sized projects in a blog post titled "What will happen in 2019".
In the post, the investor noted that he expects "next-gen" smart contract platforms, such as Cosmos, to ultimately challenge the hegemony that Ethereum established on the decentralized calculation. Wilson noted that this competition will push Ethereum to send improvement protocols, such as Constantinople in the coming weeks, along with potential early Serenity iterations.
Is Tron (TRX) a potential threat to Ethereum?
Although Samani and Wilson mentioned projects such as Dfinity and Cosmos, which raised dozens of millions during the 2017 encryption boom, the positive sentiment surrounding the Tron (TRX) project is rapidly increasing. Today we reported that Tron's Virtual Machine has seen huge adoption levels in recent months.
Through Twitter, Justin Sun, the project's CEO, said DApp Review statistics indicate that his talent now supports 133 blockchain-based applications. With this number expected to increase by two or three every day, Sun noted that with the upcoming niTRON conference and a business incubator / accelerator, the blockchain will support 200 DApps active in due course. And, interestingly, while there are many more DApps on Ethereum, Tron's main applications have more than Ether.
The optimists said that Tron could also see a monumental adoption with the activation of the BitTorrent token (BTT), a TRC-10 token centered around the torrent service. BTT has been advertised as a way to "empower" content creators, as BitTorrent allows common Joes to access content delivery tools and other key features. A BitTorrent whitepaper, full of order words, wrote that BTT "would create a token-based economy on the use of networking, bandwidth and storage".
However, not everyone is convinced that BTT, nor Tron herself, will succeed. In an interview with Breakermag, we talked about, a former member of the c-suite BitTorrent has revealed that Tron's implementation may not go too well. Simon Morris, who spent a decade in the company as head of strategy, explained that the incursion into the cryptic sector of BitTorrent was a by-product of the bubble. However, Morris explains that the idea of tokenising BitTorrent was seen for the first time optimistically, adding that such a system allowed for automated auctions and priority download queues, making the network 40% faster overall.
Yet, Morris, who is tasked with driving the encryption and encryption branches of BitTorrent, explains that Tron's activation is doomed to fail, noting that network technology is a "thin layer of veneer".
Title Image Courtesy of descryptive.com/ on Flickr
Source link
