It’s been a tough few weeks for ethereum.
It’s been a massive amount of growth
a massive amount of interest, but they’re
all being built on the same platform
ethereum usually a second in the top
five market cap it’s slumped a third
place a few days ago after an
astonishing price spike from ripple.
So what’s causing Ethereums blockchain
Ethereum is like a highway and
all of these dapps are cars on the
highway and Luke Lombe of play up
limited says there are too many cars on
Ethereum can’t keep up the
highway doesn’t have enough lanes for
all these cars all these dapps to be
driving on it.
He likens it to the
.com era of the late 90s. Too many
companies popped up with high valuations
on big multiples with no real products.
And just like the .com era, Luke Lombe
believes the market needs a shakedown.
The institutional money has been
starting to shift out of dapps in the
ICO’s because frankly there are too many
He points to Ethereum’s transaction
limitations. The platform can only
process up to 15 transactions per second.
Rival ripple is 100 times faster which
might help explain its price spike, but
both are dwarfed by conventional
platform visa which processes up to
24,000 transactions per second and its
traditional companies Luke says will
emerge as players in the blockchain
market once the dust settles. He calls
them reverse ICOs. Big established
brands well-known, mums and dads out
there and grandparents would know some
of these big brands like your Walmart, Amazon
Apple. Martin McGinty of Blockbox agrees.
One of the things that
we’re interested in at the moment is where
added to an already operational and
effective business. The experts say the
eradication of fraudulent ICO’s will also
help rationalize the crypto market
according to one scam in Asia where,
What they did was that investors that had
invested, one day got into their website
and there was just one word on there, it was ‘Penis’ and the company had disappeared and
investors didn’t find that one very