Friday, July 30, 2021
Ethereum Benzinga Publishes its Survey Ethereum Predicted to Become the Global Standard Smart...

Benzinga Publishes its Survey Ethereum Predicted to Become the Global Standard Smart Contract Blockchain

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Despite Ethereum’s ongoing scaling challenges, investors remain the most bullish on ETH, suggesting that traders have faith in the Ethereum Foundation’s ability to complete the 2.0 scaling upgrade successfully.

FREMONT, CA: Benzinga, a fintech media company providing news and data to retail and crypto traders, published its latest survey, “Ethereum Predicted to Become the Global Standard Smart Contract Blockchain.”

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Using data from 100 cryptocurrency investors and traders, Benzinga found that over half of participants believe that Ethereum is poised to become the global standard contract blockchain.

Respondents stated that decentralization, application ecosystem, and scalability are the main factors informing their predictions, with scalability pulling ahead as the leading marker of a blockchain they’re bullish on. Despite Ethereum’s ongoing scaling challenges, investors remain the most bullish on ETH, suggesting that traders have faith in the Ethereum Foundation’s ability to complete the 2.0 scaling upgrade successfully.

While 56.7 percent named Ethereum as the most likely to become the global standard contract blockchain, 20.6 percent said Cardano, 8.2 percent said the Binance Smart Chain, and 14.5 percent named other platforms.

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Overall, Ethereum’s difficulty to transition from proof of work to proof of stake is magnified by its high gas fees as well as alarms sounded regarding its potentially negative impact on the environment. With Cardano and the Binance Smart Chain hot on the heels of the Ethereum blockchain, Ethereum will need to rely on its extensive DeFi ecosystem and continue to focus on improving scalability to retain its edge.



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