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| comment | | "parent_author":"",<br>"parent_permlink":"ethereum",<br>"author":"shortsegments",<br>"permlink":"are-these-famous-and-technologically-superior-blockchains-the-ethereum-killers",<br>"title":"Are these famous and technologically superior blockchains the Ethereum Killers",<br>"body":"![6473362E-BCA6-4A61-9E30-193C43D74DFA.jpeg (https:\/\/cdn.steemitimages.com\/DQmZJLFqC5VCwzM1SeqKLaKza7yMfxnMmNU1XPfoDHtwSbo\/6473362E-BCA6-4A61-9E30-193C43D74DFA.jpeg)\n\n\nAnyone following my blog knows how much turmoil the MakerDao underwent in March,<br> and you may even know of the recent 25 million dollar settlement against the MakerDao from a lawsuit launched by Investors who lost millions of dollars worth of Ethereum in the March malfunction of the MakerDao triggered by the Ethereum Blockchain reaching transactional overload during the market crash. \n\nAdditionally if you follow my blog you know competitors to Ethereum have been created,<br> which operate on newer,<br> faster blockchains,<br> in terms of transaction speed per second,<br> and these newer blockchains have the capability to run smart contracts and convert assets into nonfungible tokens. \n\nBUT until now,<br> those competitors were relatively unknown and couldn\u2019t siphon of more then a few percentages of Ethereum\u2019s Smart Conteact customers and they also could reduce the dominant position of the MakerDao in DeFi. However I feel change is in the air because there are new blockchains which are both famous,<br> fast and more secure then Ethereum. \n\n**Binance**\nWhile it\u2019s debatable whether Binance coin is as famous as Ethereum,<br> they have had a better year in terms of return on investment and more importantly Binance has become the largest cryptocurrency exchange in the world by transaction volume ,<br> and they are a famous household name. They just launched Binance Smartchain,<br> a separate blockchain from the one their exchange runs on,<br> and it is designed to run smart contracts like Ethereum,<br> designed to create nonfungible tokens like Ethereum does and all It\u2019s blockchain parameters are designed,<br> so that all applications running on Ethereum can be moved over Binance Smart Chain with no code changes! \nSo famous,<br> fast,<br> runs smart contracts,<br> does tokens and designed so applications from Ethereum can move there with minimal work and expense. It\u2019s sounding like a very strong competitor!\n\n**Bitcoin Lightning Network**\nSecond blockchain is Bitcoin Lightning Network. \nIt\u2019s famous! You don\u2019t get much more famous in Crypto then Bitcoin. It\u2019s fast..,<br> I mean it\u2019s name is Lightning! And the white paper says it\u2019s the fastest blockchain every developed and the first one faster then Visa at one million transactions per second. Yeah that\u2019s really,<br> really fast. And if it turns out to be true,<br> it\u2019s a monumental advantage. Lastly the Lightning network is a sidechain of Bitcoin,<br> but unlike Bitcoin micro transaction fees are possible and thus micro transactions. Plus it can run smart contracts and its specialty is tokens and token markets. Hmmmmmm!!!\nSo it\u2019s more famous then Ethereum,<br> faster then Ethereum,<br> safer and most likely and cheaper. \n\nAs the lawyer says at the end of their presentation about why the judge should rule on behalf of their client: I rest my case. In other words I am done. The evidence would suggest that outside of tribalism and other no economic and no rational self interests,<br> there may be no good reason not to move your DeFi investments to one of these famous,<br> fast and safe blockchains. \n\nKnowledge,<br> wealth and freedom can be yours. Keep learning!\n\n@shortsegments",<br>"json_metadata":" \"tags\":[\"ethereum\",<br>\"-killers\",<br>\"binance\",<br>\"bitcoin\" ,<br>\"users\":[\"shortsegments\" ,<br>\"image\":[\"https:\/\/cdn.steemitimages.com\/DQmZJLFqC5VCwzM1SeqKLaKza7yMfxnMmNU1XPfoDHtwSbo\/6473362E-BCA6-4A61-9E30-193C43D74DFA.jpeg\" ,<br>\"app\":\"steemit\/0.2\",<br>\"format\":\"markdown\" " |
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