June 06, 2018 283By Robert Johnson
“The 8 MainNets will give Ethereum competition in terms of being alternative platforms for developers who want to create decentralized apps due to the better qualities they possess as compared to ETH. For example, the Tron MainNet has several outlined advantages including using Java programming language that is user friendly and can be used for scaling the platform. The same applies to the Zilliqa platform that uses Scilla and sharding.”Moreover:
“In terms of transactions per second, Ethereum can only handle 25 tps compared to Tron’s 2,000 tps. In recent demonstrations of sharding on the Zilliqa platfrom, 6 shards could accomplish 2,828 tps. This means, no more instances of network clogging on the ETH platform. The numbers do not lie, and Ethereum will have a hard time retaining the crown of King of Smart Contracts and ICOs. With respect to the latter, we should also remind ourselves that the Stellar (XLM) blockchain has perfected ICO related projects.”See more from Ethereum World News, here- https://ethereumworldnews.com/why-ethereum-eth-has-a-tough-road-ahead-with-several-mainnet-platforms-going-live/ Okay, so realistically, the sheer size of Ethereum means it can shake off competition pretty easily, overall though we could see some pretty significant changes in the way currencies sit on the markets once all of the above roll out and fully integrate their MainNets. Overall, competition is healthy and any change that is encouraged from this can only be seen as a good thing, but, as it stands, going forward, Ethereum could face a number of challenges that thus far, it doesn’t seem to be prepared for.