Home
News
- Freddy zwanzger mentioned that all Ethereum Killer would fail.
- Ethereum V 2.0 is likely to launch from October- November 2022.
Blockdaemon is a Private owned ecosystem that offers the service of Nodes for building infrastructure and the ecosystem of Blockchain.
Blockdaemon is an Ethereum-based platform headed by Freddy Zwanzger. According to Freddy, Ethereum Blockchain will maintain its rank in the crypto market as the leader.
Freddy believes that replacing Proof of work with Proof of stake in the Ethereum Ecosystem will help maintain its position in the market. The upgraded version has many other functions related to smart contracts and others.
An operational employee of Blockdaemon said that many Ethereum killers tried to vie Ethereum Layer 1 Blockchain. Still, the rank of Ethereum maintained its position in the market, and the competitors failed to do so.
The Ethereum killers that the Operational employee of the Blockdaemon points out are Solana, Cardano, Tezos, and Polkadot. Still, they failed to compete for the With Ethereum First layer because Ethereum Blockchain offers more features than any other Blockchain.
No cryptocurrency globally can stop Ethereum from maintaining its Second position in the Cryptomarket regarding market cap and prices. Cardano is in 8th position according to market cap, and Solana is 9th according to its total market.
Introduction of Proof-of-stake is a card of Ace for Ethereum upgraded version. It will help Ethereum Blockchain to gain popularity because Proof of stake is comparatively fast, Less power consuming, and lower transaction fees.
ALSO READ – Blockchain.com Laid Off 25% of Its Staff
Conclusion
It is believed that Ethereum Version 2.0 will create a Boom in the crypto market and will launch more exclusive features from October to November. Ethereum officials made an appreciable move of launching an upgraded version of Ethereum in the downtime of the crypto market. The News of the new version came into Limelight during the market’s downtime. This publicity benefitted the Ethereum ecosystem as it created hype among the marketeers and users eagerly waiting for the new version.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
