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Zulian Zawistowski, the CEO of Golem, a decentralized supercomputer based on smart contracts, said that 39 Etherheum is the most promising blockchain platform in the global cryptocurrency industry and no other blockchain protocol is close to the potential and applicability of Ethereum.
The advanced and sophisticated platform of Ethereum
Golem, the 47th cryptocurrency with a market valuation of $ 387 million, recently introduced to the South Korean market with the support of Bithumb, the country's largest cryptocurrency market, is a blockchain network based on Ethereum. solve complex mathematical problems and deal with complex calculations using the computing power of computers, machines and data centers of its users.
On the Golem protocol, users are encouraged to praise their computing power to individuals and businesses that require massive computing power to perform intensive tasks such as CGI rendering. Basically, Golem is a decentralized ecosystem that allows users to share and monetize their computing power.
Zawistowski, who leads the development and commercialization of Golem, said his development team was building applications on the Ethereum blockchain network since its inception and by far, Ethereum is the blockchain protocol the more promising of the global sector.
"Ethereum is by far the most promising platform and we can not see another one up close." Of course we would like to interact better with the blockchain and once Ethereum will be able to do it We have supported and built on Ethereum since its inception, and we realized that Golem could be built and worked on Ethereum and thanks to Ethereum, " Zawistowski told TheNextWeb in an AMA session.
In particular, Ethereum led major developments in Sharding and Plasma, two technologies that are expected to significantly increase the capacity of public blockchain networks in the long run by separating the workload from nodes and miners. Sharding, for example, separates the Ethereum network into fragments, assigning a group of nodes to a certain fragment. In doing so, each group of nodes is responsible for performing a particular task, and each network node no longer has to check all the information that is processed on the Ethereum network.
Competitors of the Ethereum
Ethereum evolved into a dominant blockchain network and the second most valuable cryptocurrency in the global cryptocurrency industry. As such, deploying major updates such as Proof-of-Stake (Casper), Sharding, and Plasma is extremely difficult and generally requires community consensus that can lead to a split-up chain in the form of. a hard fork.
Smaller blockchain networks can focus on one improvement or technology at a time and integrate it with less friction than the Ethereum blockchain network, given the size of the Ethereum protocol blockchain.
Already, networks like Ziliqa have begun to turn to Ethereum solutions like Sharding to specialize in scalability and in-depth work on innovative technologies. The Ziliqa Sharding trialnet trial yielded 2,488 transactions per second, which is significantly higher than bitcoin 6 per second and Ethereum at 10 per second.
Pictures of Shutterstock
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