Ethereum
$1,865.75 -3.85%
ETH · 3w

Ethereum will be the backbone of the new internet and it's not even started yet

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. This article on medium [_“Ethereum Will Be the Backbone of the New Internet” by James Martin Duffy_](https://link.medium.com/m0HLmpEhIgb), although about three years old, is really insightful. It provides solid reasons why 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. _This is basically just like a summary of the [article](https://link.medium.com/m0HLmpEhIgb), you can read it here for more._ So, these are almost the same reasons why ETH currently makes up most of my portfolio: **1. Ethereum has way more developers building on it than any other platform — and this gap is widening by the day.** And why's this important? To summarize it all, _at the end of the day, it doesn’t matter how many transactions per second your blockchain can handle if no one is actually using it._ And in order to have applications worth using, you need to attract enough developers to build them. *If you don’t have developers building applications on your blockchain, you’re effectively building a ghost town.* The blockchain platform that has the most developers building real-world applications on top of it will be the platform that gains the widest mainstream adoption. And not only does Ethereum have a massive head start in this area, but the gap is widening with each day that passes. **2. Ethereum has better tools and infrastructure for DApp development than any other platform** Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of conn...
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