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Is Ethereum’s DApp Ecosystem A Failure?

February 13, 2019 | Cryptocurrency | Analysis

Presently there are 40 times more developers for Ethereum vis-a-vis EOS and Tron , but  the dApps have failed to live up to expectations, according to a latest cryptocurrency news source

Being that Decentralized applications (dApps) which are smart contract enabled are still in their nascent stages.  It is therefore not surprising to learn that Ethereum (ETH) dApps have little to no transaction volume.

Ethereum’s network is set to undergo a hard fork soon known as  Constantinople which shall introduce a series of backward-incompatible changes. These hard forks are part of a series of changes to make the transition to Ethereum 2.0 which will have features like sharding (significantly enhance transaction per second speed) and bring in a proof of stake consensus algorithm on Ethereum’s blockchain.

Now, data from  DAppRadar shows that 86% of the dApps on Ethereum had no users last and more than 90 percent did not record any transactions.

While Ethereum still has the largest ecosystem of dApps, it is facing stiff competition from EOS and Tron.

The increase in dApps are great indicators of a strong smart contract platform and Ethereum’s network overhaul comes in at the right time to ward off the competition.Tron & EOS  appear to have greater "On-Chain USD Volume".

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