RATE Group | StellarX Shares Its ‘Great Filter’ on Why ICO Tokens on Ethereum Blockchain Isn’t Ideal
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StellarX Shares Its ‘Great Filter’ on Why ICO Tokens on Ethereum Blockchain Isn’t Ideal

28 Aug StellarX Shares Its ‘Great Filter’ on Why ICO Tokens on Ethereum Blockchain Isn’t Ideal

Posted at 03:18h in Ethereum News by

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Stellar-X-Ethereum-Blockchain-Considered-for-the-Wrong-Reasons

Stellar X: Ethereum Blockchain Considered For The Wrong Reasons?

A recent post published by Stellar X revealed that companies and blockchain startups might be retorting to the Ethereum blockchain for the wrong reasons. The conclusions made supposedly reflect actual tests that have been conducted and an “at-scale app” was initiated to test the Ethereum network for nearly half a day.

The Stellar X team made the argument that Ethereum’s true nature is to support “autonomous organizations and ownerless apps.” Simply put, if a firm believes in decentralization and the elimination of a central figure, then the Ethereum blockchain is appropriate. An example of Augur was given as being an appropriate use case, as “they need a fully automated, ownerless way to make-truth decisions about real world events.”

So, as per their findings, firms that consider Ethereum for either issuing a token, initiating trade among users or do so to reduce costs, are doing it all wrong.

Test…

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