Repeated outages of one of the most popular blockchains believed to have the potential to dethrone the Ethereum network sparked a conversation among community members about the future of those who bear the burden of being called “Ethereum killers.” “.
A member of a cryptocurrency forum on Reddit Opened a conversation about Ethereum killers and questioned its ability to succeed in today’s crypto space. According to the community member, the so-called Ethereum killers are unlikely to succeed because they do not get the same adoption as Ethereum.
Furthermore, the community member argued that even if a chain becomes faster than Ethereum, the market capitalization of Ether (ETH) is very high. Therefore, the crypto user believes that “no ETH killer will actually kill ETH”.
Several members of the community weighed in and gave their opinion on the issue. From pointing out that so-called ETH killers didn’t keep their promises to suggesting removing the term “ETH killer,” members of the crypto community discussed the future of ETH killers.
One community member argued that “there is no such thing as an Ethereum killer.” Reddit user believe that there is only Ethereum, and then there are the rest of the Tier 1 networks that are fighting for the remaining market share of the Tier 1 market.
a redditor argument that the term ETH killer should be dropped because at this point, “ETH has entrenched itself.” The community member believes that while ETH can still be dethroned, it cannot be killed. “At that stage, the entire market would have to be wiped out, which is also a statistical improbability,” they wrote.
Related: Solana Labs co-founder: We don’t want to kill ‘beautiful’ Ethereum
While many of the arguments are pro-Ethereum, some still believe that things can still go wrong for the network. A member of the community saying that the idea that ETH will “never fail” is ridiculous. The Reddit user argued that ETH adoption does not mean it is a done deal, as many argued that the space is still in its early stages. They added:
“Either we are early and it is too early to call absolute certainties or it is already done and we are not early anymore.”
As others contributed serious arguments to the discussion, some joined in to add a touch of humor to the somewhat heated online debate. A member of the community aware“Ethereum Is The Real Ethereum Killer Killer” While Another saying“What doesn’t kill ETH makes ETH stronger.”
The discussion came a few days after Solana, one of the most renowned Ethereum killer blockchains, suffered yet another problem on its network. On February 25, Solana faced a slowdown in block production, causing the network to restart. The incident caused several interruptions in user transactions. The issue also sparked outrage on Twitter, with some mocking the network as a “transaction killer.”
