фото показано с : blokt.com

The rise of the Internet, though it was one of the biggest asset bubbles of the past century, helped the world move to a more connected future. Cryptocurrencies could now act the same way, impacting the lives of individuals in ways no one ever imagined before.

While Bitcoin is the pioneer in creating decentralized cryptocurrencies, Ethereum is used by developers to create their own decentralized application on top of a robust blockchain. Now, Circle co-founder and CEO Jeremy Allaire is claiming that Ethereum could be the driving force for blockchain adoption.

While talking to CNBC, Jeremy Allaire said that one day, both cryptocurrencies and blockchains would be as broadly adopted as the Internet is today. The fintech stalwart said that the space is very fertile regarding infrastructure, as well as fundamental and technical aspects.

He praised Ethereum, the network within which the second largest cryptocurrency in the world operates, saying:

“One of the things that really catalyzed the [cryptocurrency] market last year was actually that ethereum, in particular, kind of got to a place where you could build apps on top of it … You could issue new tokens on top of it; you could create new kinds of financial contracts, using the smart contracts technology.”

He also noted that the Ethereum blockchain has “enormous” developer activity at present, signifying the strength of the community.

The Ethereum blockchain is designed to run dApps, which helps developers in creating customized decentralized applications. Therefore, a company can build its own blockchain ecosystem on top of the Ethereum blockchain and can even launch its own tokens. Several start-ups that have moved to blockchain for raising funds have been using this mechanism to run initial coin offerings (ICOs) for their respective businesses.

According to Allaire, the use of ICO crowdfunding practices increased dramatically because of platforms like Ethereum. NEO is another platform that allows such dApp creation. However, Ethereum gets the first mover advantage here, coupled with a great developer community.

The magnitude of the increase in ICO activity is anybody’s guess. In 2017, ICOs raised only $3.8 billion. However, halfway through 2018, firms have already raised over $16 billion, according to CoinSchedule.

The activity has also helped give rise to other competing platforms like EOS and Cardano.

Circle Co-founder: Ethereum a Driving Force for Blockchain Acceptance was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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