RATE Group | Improving Ethereum (ETH) Is A Better Option than Creating New Blockchains
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Improving Ethereum (ETH) Is A Better Option than Creating New Blockchains

07 Oct Improving Ethereum (ETH) Is A Better Option than Creating New Blockchains

Posted at 12:56h in Ethereum News by

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The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum (ETH) network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. This is best exemplified by Tron that recently launched its Mainnet, as well as EOS. Zilliqa on the other hand, is on the cusp of launching its Mainnet at the end of this year or early next year.

All these new projects are brilliant. Tron aims at decentralizing the web; EOS has the approach of a democratized blockchain; Zilliqa on the other hand, brings in the concept of sharding as well as the new Scilla programming language.

Do Not Reinvent the Wheel

But what if the approach of breaking away completely from Ethereum was the wrong one? What if it was far more wiser to try and improve it by creating a second layer as suggested by the Co-founder at the Loom Network, James Martin Duffy. The…

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