According to the most resent researches, the Ethereum platform has become a haven for over a quarter of a million developers from all over the world, with 94 out of 100 most successful projects running on Ethereum’s network.
Almost an absolute majority of tokens and digital currencies are built on ERC-20 or other Ethereum’s protocols, not including BTC, XRP, BCH and LTC. Of course, there are some competitors on the blockchain market, with Chinese 2 billion dollars VeChain, Ontology, ICON and EOS to name a few – all operating within the Ethereum network. The latter, EOS, has recently accumulated as much as 4 billion US dollars in the largest initial coin offering in the world’s history, gaining support of the world’s most prominent billionaires.
Only few projects like NEO, Qtum and Cardano have been created literally from scratch, providing their own genuine DApps protocols.
EOS is anticipated to launch its own mainnet within upcoming days, separating from Ethereum in all respects but smart contracts, on which it heavily relies at the moment to leverage safety and effectiveness of the protocol.
Overall, the analysts state that Ethereum has already become a winner in the race for the flagship smart contract network for cryptoindustry, claiming monopoly, or at least a strong domination over the global blockchain market.