Ethereum

Solana

Bitcoin

Arthur

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/arthur-hayes-highlights-ethereums-dominance-in-the-smart-contract-space/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Arthur Hayes Highlights Ethereum’s Dominance in the Smart Contract Space</a><br></p>
<p style="text-align: justify">Arthur Hayes, the founder and former CEO of BitMEX, stated that it will be “very, very difficult” for other smart contract platforms to surpass Ethereum , the king of <a href="https://en.coin-turk.com/telegram-integrates-crypto-to-expand-its-messaging-platform/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>. He emphasized Ethereum’s leading position in terms of innovative applications and the number of developers involved in its ecosystem.</p>
<h2 id="innovative-power-of-ethereum">Innovative Power of Ethereum</h2>
<p style="text-align: justify">In an interview with The Big Whale, Hayes noted that the developers within Ethereum’s technology and ecosystem are the most innovative. He remarked that other <a href="https://en.coin-turk.com/blockchain-based-voting-initiative-challenges-russian-elections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">blockchain</a> networks often replicate innovations initially launched on Ethereum, stating, “The technology and people working in Ethereum are the most innovative, and then everyone else copies them. I don’t expect any other blockchain to surpass them based on new principles launched on Ethereum.”</p>
<h2 id="market-position-of-solana">Market Position of Solana</h2>
<p style="text-align: justify">Hayes remarked that there is “a lot of noise” surrounding Solana , highlighting its good user interface and active community. However, he pointed out that Solana lags behind Ethereum in market value:</p>
<blockquote>
 <p>Solana has performed very well. They have a really good UI/UX. Their community is quite active. However, ultimately, it has a market value like a quarter of Bitcoin ‘s.</p>
</blockquote>
<h2 id="continuous-development-of-ethereum">Continuous Development of Ethereum</h2>
<p style="text-align: justify">Hayes stressed that Ethereum does not stand still and is continuously evolving. He noted that the introduction of Layer-2 solutions has reduced transaction costs and increased transaction speeds, saying, “Ethereum seems to be never stopping. Now there are Layer-2s, and transaction costs have been brought down to this level, allowing for faster transactions per second. This makes Ethereum competitive again and gives it other advantages.”</p>
<p style="text-align: justify">At the time of writing, Ethereum’s market value stood at approximately $296 billion, while Solana’s market value was around $68.1 billion. Hayes expected the king of altcoins to maintain its leadership position by preserving its current advantages.</p>
<p style="text-align: justify">Hayes explained that for a new blockchain to surpass Ethereum, it must introduce a novel and original technology outside of the Ethereum network. Otherwise, it is likely that Ethereum will continue to maintain its leadership.</p>
<p style="text-align: justify">Ethereum’s continuous development and innovative ecosystem continue to serve as a reference point for other networks in the industry. Hayes’ assessments highlight Ethereum’s strong position and future potential.</p>
<p>The post <a href="https://en.coin-turk.com/arthur-hayes-highlights-ethereums-dominance-in-the-smart-contract-space/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Arthur Hayes Highlights Ethereum’s Dominance in the Smart Contract Space</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Arthur Hayes Highlights Ethereum’s Dominance in the Smart Contract Space

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