The blockchain industry and the Matthew effect

The blockchain industry and the Matthew effect

The blockchain industry still considers the Matthew effect. Due to the homogeneity of the functional and application fields of the smart contract platform, it would further promote the competition trend of “the strong and the strong”.

When compared with Bitcoin and other similar smart contract platforms, ETH is by the market.

In other ETH applications, it naturally stranded because of the capital turnover in commercial activities.

The rapid evolution of Ethereum technology and the proliferation of consensus have prompted investors to lock positions, thereby reducing market circulation actively.

In the rapid evolution driven by open source, Ethereum would form a complete suppression of a large number of similar platforms and continue to grow through the “siphon effect”.

The two ideas of Linux and Blockchain gave birth to a new technology combining the strengths of two ideas-blockchain in the early 21st century. They produced the first successful example of blockchain applications: encrypted digital currencies represented by Bitcoin and Ethereum.

Bitcoin considered being the first successful encrypted digital currency, which has generated a vast trading market and ecology. However, Bitcoin has a single function and does not meet the application implementation under complex logic.

In fact, after Ethereum, other decentralized application platforms (including EOS and TRON) with ETH as a blueprint have managed to emerge in the industry. However, Ethereum is in a strong position in technology development and commercial applications.

Fast and stable iterations are always the ultimate weapon of technological evolution. Ethereum adheres to the “rapid iteration” engineering idea.

The current Ethereum is similar to AlphaGo, which had remained in the laboratory stage before 2015. Although it has not yet entered the world stage, it has shown unlimited evolutionary potential and will undoubtedly shine in the future.

The Ethereum network is a public blockchain which can be accessed without permission and supports developers to create trusted and decentralized applications (DApps) through smart contracts, including cryptocurrency wallets, financial apps, etc.

It is worth noting that DeFi is booming in the Ethereum network. As per the data from website Defipulse, the value of locked assets in Ethereum has reached a record high, reaching 779M USD.

Its native token ETH can perform payment settlement, value storage, or collateral on a global scale.

However, as the representative star project of the second-generation blockchain, Ethereum has created and applied the epoch-making blockchain technology of smart contracts.

In the market performance of native digital currencies of similar smart contract platforms, the value of ETH has also significantly underestimated.

However, according to the NVTV of the traditional P / E valuation model proposed by venture capital company Placeholder, this model uses EOS as a standard.

In other ETH applications, locked ETH naturally stranded because of the capital turnover in commercial activities;

The rapid evolution of Ethereum technology and the proliferation of consensus have prompted investors to lock positions, thereby reducing market circulation actively.

In the current competitive landscape, the victory of Ethereum is almost doomed. The only difference is that this moment is coming now or in the future.