Ethereum Will Be the Backbone of the New Internet Loom Network is building our Layer 2 on top of Ethereum, instead of other blockchain platforms — and here’s why.
Each month, another company publishes a whitepaper, claiming to have solved the scalability problems faced by Ethereum.
These new blockchains claim to be better, faster, and smarter than Ethereum — they say they can handle thousands, even millions of transactions per second (TPS), have no transaction fees, and have near-instant confirmation times.
Yet at Loom Network, when we set out to build a platform for bringing large-scale decentralized mobile games and social networks to the mainstream, Ethereum was by far the most obvious choice to build on top of.
In this article, I’ll explain the reasons why we think Ethereum has already won the race to become the foundation of Web 3.0, and will become the fundamental base layer that all major DApp platforms will choose to build on top of in the future.
Let’s start with the most obvious.1. Ethereum has an order of magnitude more developers building on it than any other platform — and this gap is widening by the day
Our Ethereum code school CryptoZombies.io has now had over 207,623+ users since we launched it last November — and this number has been growing consistently by over 30,000+ users per month, with no signs of slowing down.
Truffle (a development framework for Etheruem) has had almost 550,000 downloads, growing at over 45,000+ users per month since January.Simply put, the number of developers building on top of Ethereum is not only growing — it’s accelerating.
That means if another blockchain platform wants to beat Ethereum in terms of developer adoption, it’s not enough for it to catch up to where Ethereum is now — it has to ...