![]() ![]() Its original six-man founder team have spun out some of cryptocurrency’s most influential and highest-capitalised projects to date. It certainly attracted the best minds in computing and cryptography. First proposed in 2013 and with its mainnet going live in 2015, it boasts the widest adoption across all smart contract platforms.Īnd while Bitcoin is the original cryptocurrency, it could be argued that Ethereum was blockchain technology’s true first mass-market application. In Ethereum’s favour for its longevity is that it enjoys a huge first-mover advantage as the original way to deploy sophisticated smart contracts on a blockchain. Argo Blockchain’s own team is behind the £35m listing of NFT Investments, a record-breaking debut for London’s lowest-tier growth market Acquis. With DeFi’s 60x growth rate in the last 12 months and continued appreciation above $55bn it would appear right now that there are many more years of success ahead, too.Īnd inspired by the Coinbase NASDAQ listing, and that of cryptocurrency miners like Riot Blockchain and Argo Blockchain, we are starting to see NFT-specific companies making their way onto stock markets. ![]() Ethereum is the foundation layer upon which practically all of the burgeoning DeFi and NFT markets have been built to date. That’s largely due to the strength of the incumbent blockchain and its near-total stranglehold on the market for decentralised financial applications. The number of blockchain projects pitching themselves to investors as an ‘Ethereum-killer’ has grown sharply over the past few years. You don’t achieve record-busting status without a steely-eyed determination and a healthy dose of the ruthless.Īnd of the three chains it appears only Binance is aiming for total domination. Under his stewardship its assets grew from $18 million to over $14 billion between 19, and beat the S&P 500 for 11 out of those 13 years with an average annual return of 29%. Lynch, of course, is best known for running Fidelity’s actively-managed Magellan Fund. While mild-mannered on Twitter and in public interviews, CZ appears to aspire to the ethos of one quote by legendary Wall Street fundamental investor Peter Lynch: “In business, competition is never as healthy as total domination.” And CZ Zhao, the architect behind Binance’s vast and many-tentacled empire, has indicated through words and actions that he intends to take Ethereum down. History, after all, is written by the winners. In truth, we are entering the smart contract blockchain wars of the 2020s. But there are multiplying threats to its prominence as the second-largest cryptoasset on the market.įor this article we’ll consider two rivals: Binance Smart Chain (BCS) and Polkadot (DOT). Ethereum is having its day in the sun at the moment with ether (ETH) breaching fresh all time highs above $4k.
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