There’s no doubt that Ethereum is the gold standard of decentralization, reliability, and ecosystem diversity when it comes to blockchains. However, its main drawback ever since it went popular was efficiency with time and gas fees.
“ETH killers” profit off of this and basically make their only selling point centered around efficiency even if that’s at the price of decentralization or ecosystem diversity. And apparently, some people found that appealing because some of these projects found success to some extent.
However, this will all change slowly but surely. Down the line, we’ll start seeing a completely different Ethereum that will morph into a blockchain that is way more efficient than we got used to and this is all due to the major ZK technology development that we’re seeing.
Loopring and Starware have very exciting developments in the zero-knowledge department that many fans are waiting for.
Polygon has also had major breakthroughs with zkEVM development and will soon be dropping Hermez 2.0 which will help Ethereum scale like nothing before. This is also not mentioning the Plonky2 tech which will apparently be the fastest in terms of transaction speed by a long shot.
All of the efforts of these scaling solutions combined will make Ethereum unrecognizable to us and will eventually shut up the critics. But most importantly, the developments in the zkEVM field will make claims of an “ETH killer” something of the past.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments