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Ethereum Blockchain Loses Its Positions

06.03.2019

It’s kind of early for us to make such statements but it’s obvious that the market situation is unfolding in an unusual way.

Ethereum partially discredited itself in 2018, when the ICO market collapsed. At that time, 95% of the projects turned out to be a scam, most of which were created using the Ethereum blockchain.

The following acute issues affect the efficiency of its work: scaling, the speed of block formation and other technical characteristics of the blockchain. The networks of the new generation can cope with the loads much better providing wider opportunities for scaling compared to the opportunities provided by the outdated blockchains of the ICO era.

The transition of projects based on the Ethereum blockchain to other platforms seems to be gaining momentum all over the world. As an example, recently, the Binance crypto exchange launched a public test network. To date, 8 projects have switched from the Ethereum blockchain to the Binance Chain.

EDC Blockchain presented the coin constructor to users – a unique product for the entire crypto industry.

The platform offers solutions for creating digital assets such as a simple token or a full-fledged cryptocurrency based on the use of the PoS mining algorithm.

The EDC blockchain is based on the Bitshares 2.0 Graphene protocol, the capabilities of which exceed the capabilities of the Ethereum network. Among the capabilities there are as follows: processing up to 100,000 transactions per second, the block is formed every 3 seconds, as well as providing the ability to work with several tokens at the same time, etc.

The platform also offers STO services, professional marketing support for projects and even assistance with listing on partner exchanges. This makes the EDC Blockchain project a global blockchain platform with advanced features.

The blockchain industry is only at the initial stage of development. Soon we will see the creation of millions of different tokens and special-purpose blockchains. Those who will be pioneers will remain in this industry for a long time.

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