While Ethereum may appear to be a slow project in terms of platform development, the platform is actually better than those that appear to be making progress. The platform has been criticized for several reasons including its plans to migrate to a Proof-of-Stake Consensus mechanism. However, DataLight analysis of top smart contract and dapp deployment platforms shows Ethereum is actually the most popular by mass adoption for real use.
The king of platforms?
Ethereum currently has the highest number of tokens in its ecosystem by far. The number is at 1,193 based on DataLight data. The first runner up NEO has only 28 projects while Stellar and Wave have the third place with 24 projects each. Surprisingly, Tron which is seemingly more popular has only 2, even less than EOS which has 8 projects. However, Tron’s recently created BitTorrent token (BTT) and that of Everipedia are the biggest tokens on the networks.
Ethereum was the first platform dedicated to building and deployment of smart contracts and dapps before others like Tron came up, so it is hardly surprising that it is far ahead. However, the future may turn out to be different as Tron is a potentially formidable competitor. So far, it has overtaken Ethereum in a number of transactions and sometimes dapps. Could it be that Tron in a few years time may compete with Ethereum fiercely for the top spot?
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
A cryptocurrency enthusiast, author, and investor with high motivation in cryptocurrency/blockchain research and writing. He loves birdwatching and traveling. Follow him on Twitter at @Ponvangbu