Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance
Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of Mars Finance.
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Yesterday, Ethereum celebrated its fourth anniversary.
Four years ago, on July 30, 2015, the world's first universal blockchain platform was activated. This platform is called Ethereum and is the first platform with Turing complete virtual machines and the ability to deploy native programming languages of any complexity.
Before Ethereum goes live, developers must design and write extremely complex software, "Mariano Conti, the Smart Contracts Director of the MakerDAO Foundation, told CoinDesk. Ethereum introduces a universal programmable layer that abstracts the entire process and enables developers to build decentralized applications by writing the core logic of the application
According to the latest data from investment company Electric Capital, approximately 800 monthly active developers are developing on the Ethereum blockchain.
This means that the Ethereum ecosystem carries almost more weight than all other ecosystems, "said Avichal Garg, founder of ElectricCapital.
Nevertheless, Ethereum is no longer the only universal blockchain in the world, nor even the most active blockchain in certain indicators. The latest quarterly report from Dapp.com shows that although Ethereum is still the top choice for developers, other decentralized application (dapp) platforms such as Tron and EOS have surpassed Ethereum in terms of active dapp users.
This has led many industry observers to doubt where Ethereum will go in the next four years. Will it maintain its leading position as a universal blockchain platform in the face of rapidly intensifying competition?
Eric Conner, founder of the information website ETHHub and product researcher at blockchain startup Gnosis, said:
I believe that within four years, Ethereum will focus on the most challenging aspects of its ambitious plan, namely proof of ownership and expansion issues. By then, the network will be able to attract more users, and we will see more use cases beyond what is currently available
The proof of equity (currently a relatively environmentally friendly version of Ethereum's consensus algorithm) and expansion are both bundled in an ambitious upgrade called Ethereum 2.0, which many people, not just Conner, expect to complete within the next four years.
Anthony Sassano, head of marketing and growth for SetProtocol, an Ethereum based startup, said:
I believe that Ethereum will achieve its initial vision of "world computing" within the next four years, as Ethereum 2.0 will be completed and launched. We will have mature scaling solutions (at all levels), and we will have appropriate privacy solutions
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