Do ‘Ethereum killers’ have a future? Here’s what the crypto community is saying
Repeated outages of one of the most popular blockchains believed to have the potential to dethrone the Ethereum network sparked a conversation among community members about the future of those who bear the burden of being called an “Ethereum killer.”
A member of the cryptocurrency forum on Reddit opened a conversation about Ethereum killers and questioned their ability to succeed in the current crypto space. According to the community member, the so-called Ethereum killers are not likely to succeed because they do not get the same adoption that Ethereum does.
In addition, the community member claimed that even if a chain becomes faster than Ethereum, the market value of Ether (ETH) is very high. Therefore, the crypto user believes that “no ETH killer will actually kill ETH.”
Various members of the community chimed in and offered their thoughts on the issue. From pointing out that the so-called ETH killers did not keep their promises to proposing to drop the term “ETH killer” altogether, members of the crypto community debated the future of ETH killers.
A community member claimed that “there is no such thing as an Ethereum killer.” The Reddit user believes that it is only ETH and then there are the rest of the layer 1 networks fighting for the remaining market share of the layer 1 market.
One Redditor argued that the term ETH killer should be dropped because at this point “ETH has been entrenched.” The community member believes that while ETH can still be dethroned, it cannot be killed. “At that stage, the entire market would have to be wiped out, which is also a statistical improbability,” they wrote.
Related: Solana Labs co-founder: We don’t want to kill “beautiful” Ethereum
While many of the arguments are pro-Ethereum, some still believe that things could still go south for the network. One community member said the idea that ETH “will never fail is ridiculous.” The Reddit user argued that ETH’s adoption doesn’t mean it’s a done deal, as many argued the space is still in its early stages. They added:
“Either we are early and it is far too early to say absolute certainty, or it is done and we are no longer early.”
As others contributed serious arguments to the discussion, some joined in to add a touch of humor to the somehow heated online debate. One community member posted “Ethereum is the true Ethereum killer,” while another said, “What doesn’t kill ETH makes ETH stronger.”
The discussion came a few days after Solana, one of the most recognized Ethereum killer blockchains, experienced another problem on its network. On February 25, Solana experienced a slowdown in block production, prompting a network restart. The incident led to various disruptions in user transactions. The issue also sparked outrage on Twitter, with some mocking the network, calling it a “transaction killer.”
