Ethereum Classic (ETC) Likely To Dominate IOT And dApps By 2020
Chart for ETC/BTC (1D)
As developers express concerns over the centralized nature of dApp development and deployment on Ethereum (ETH), dApp popularity on the Ethereum Classic (ETC) blokchain has just doubled in two months. Ethereum Classic (ETC) has taken a more practical approach to dApp development compared to Ethereum (ETH), one that is more focused on development and less on fundraising. Instead of hosting a large number of shady ICOs, Ethereum Classic (ETC) has encouraged direct dApp deployment on Ethereum Classic (ETC). Dapp Direct shows a number of dApps that are successfully running on the Ethereum Classic (ETC) blockchain. As for Ethereum (ETH), a lot of projects have raised millions of dollars of funding in ICOs but they are yet to build anything useful. There are projects like Lisk (LSK), Eos (EOS) and Golem (GNT) but they could have raised money for their projects without using Ethereum (ETH) and they do not have any Dapps built on Ethereum (ETH).
The purpose of Ethereum (ETH) was not to enable people to raise money; its purpose was to serve as a blockchain for smart contracts and dApp development. Now, some people will say that ICOs also involve smart contracts but that is completely underestimating the need and use of a platform like Ethereum (ETH). We can raise money for new projects without having smart contracts! People have been doing it for decades. The real purpose of a blockchain like Ethereum (ETH) is to host dApps and their smart contracts and to facilitate the interaction of different dApps among themselves. However, as we have seen in the past, Ethereum (ETH) has miserably failed at this. When the first dApp, Crypto Kitties was launched, it nearly choked the whole Ethereum (ETH) blockchain. Ethereum Classic (ETC) on the other hand is hosting more than five popular Dapps at the moment without any issues. So, when investors compare Ethereum (ETH) and Ethereum Classic (ETC), these are the real metrics, not the amount of money raised by ICOs or the number of ICOs held.
As developers express concerns over the centralized nature of dApp development and deployment on Ethereum (ETH), dApp popularity on the Ethereum Classic (ETC) blokchain has just doubled in two months. Ethereum Classic (ETC) has taken a more practical approach to dApp development compared to Ethereum (ETH), one that is more focused on development and less on fundraising. Instead of hosting a large number of shady ICOs, Ethereum Classic (ETC) has encouraged direct dApp deployment on Ethereum Classic (ETC). Dapp Direct shows a number of dApps that are successfully running on the Ethereum Classic (ETC) blockchain. As for Ethereum (ETH), a lot of projects have raised millions of dollars of funding in ICOs but they are yet to build anything useful. There are projects like Lisk (LSK), Eos (EOS) and Golem (GNT) but they could have raised money for their projects without using Ethereum (ETH) and they do not have any Dapps built on Ethereum (ETH).
The purpose of Ethereum (ETH) was not to enable people to raise money; its purpose was to serve as a blockchain for smart contracts and dApp development. Now, some people will say that ICOs also involve smart contracts but that is completely underestimating the need and use of a platform like Ethereum (ETH). We can raise money for new projects without having smart contracts! People have been doing it for decades. The real purpose of a blockchain like Ethereum (ETH) is to host dApps and their smart contracts and to facilitate the interaction of different dApps among themselves. However, as we have seen in the past, Ethereum (ETH) has miserably failed at this. When the first dApp, Crypto Kitties was launched, it nearly choked the whole Ethereum (ETH) blockchain. Ethereum Classic (ETC) on the other hand is hosting more than five popular Dapps at the moment without any issues. So, when investors compare Ethereum (ETH) and Ethereum Classic (ETC), these are the real metrics, not the amount of money raised by ICOs or the number of ICOs held.