What are the main arguments made by ethereum maximalists in favor of the platform?

4 answers

• Dec 19, 2021 · 3 years ago
  One of the main arguments made by ethereum maximalists is the platform's smart contract functionality. Ethereum allows developers to build decentralized applications (dApps) on its blockchain, enabling a wide range of use cases such as decentralized finance (DeFi), non-fungible tokens (NFTs), and more. This flexibility and programmability set ethereum apart from other cryptocurrencies and blockchain platforms, making it a preferred choice for developers and users alike.
  474237
• Dec 19, 2021 · 3 years ago
  Ethereum maximalists also highlight the network effect as a key advantage of the platform. With a large and active community of developers, users, and projects, ethereum has established itself as the leading smart contract platform. This network effect creates a virtuous cycle, where more users and developers join the platform, leading to increased adoption, innovation, and value. Ethereum's strong network effect makes it difficult for other platforms to compete and catch up.
  480160
• Dec 19, 2021 · 3 years ago
  As an expert at BYDFi, I can say that one of the main arguments put forward by ethereum maximalists is the platform's scalability potential. Ethereum has been working on its upgrade to Ethereum 2.0, which aims to address the scalability issues of the current Ethereum network. With the implementation of sharding and the switch to a proof-of-stake consensus mechanism, Ethereum 2.0 is expected to significantly increase the platform's transaction throughput and reduce fees. This scalability upgrade is seen as a major advantage of ethereum over other blockchain platforms.
  573144
• Dec 19, 2021 · 3 years ago
  Another argument made by ethereum maximalists is the platform's first-mover advantage. Ethereum was the first blockchain platform to introduce smart contracts and has since become the go-to platform for developers looking to build decentralized applications. This first-mover advantage has allowed ethereum to establish a strong foothold in the industry and gain widespread recognition and adoption. Ethereum's early start and proven track record give it a competitive edge over newer platforms.
  49599