Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$22,858.00-1.69%
  • ethereumEthereum$1,570.57-1.03%
  • xrpXRP$0.400298-0.41%
  • bitcoin cashBitcoin Cash$132.990.47%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Ethereum Is Still The Best Blockchain To Form DAOs – Analysis

John Wanguba by John Wanguba
April 6, 2022
in Blockchain
Reading Time: 5min read
10% Of Ethereum’s Circulating Supply Locked In ETH 2.0 Deposit Contract
Rate this post

Market analysis confirmed that the second leading digital asset protocol Ethereum is still the best choice for establishing decentralized autonomous organizations (DAOs) despite experiencing heavy competition from rival protocols.

Although Ethereum is the chain of choice for most blockchain-based decentralized applications (DApps) in the crypto community, other suitable protocols can handle the workload for decentralized autonomous organizations (DAOs).

Ethereum cryptocurrency

Notably, technical advantages and cheaper transactions from the highly anticipated Merge network’s upgrade have not become an attractive factor for Ethereum Virtual Machine chains. The EVM compatibility will allow decentralized applications to use Ethereum’s updated security features.

In the meantime, Ethereum and its compatible chains have a clear advantage in the number of DAOs compared to other rival protocols. According to Snapshot, a blockchain voting platform, Ethereum currently houses more than 4,200 DAOs and protocols requiring governance participants.

In a relatively short contrast, their rival Solana ecosystem has only 10 DAOs, with ecosystem tracker Cordano Cube and Polkadot Substrate hosting eight, respectively. Interestingly, according to DAO tracker DeepDAO, among the 10 DAOs, which were analyzed over the past seven days, are based on Solana.

While commenting on the recent DAOs performance, Eyal Eithcowich, the CEO of DeedDAO, asserted that Ethereum’s dominant performance might be due to simple reasons. He further attributed that Ethereum continued dominating because it is the chain where the DAO movement started, adding:

 “More importantly, Ethereum is the most mature ecosystem in terms of tools for starting and managing all facets of DAOs, mostly financial but not only. This trend may change as other chains grow in popularity.”

On the other hand, the top executive has outlined high gas fees as a shortcoming factor of Ethereum. He added that Solana allows DAOs to make fast and cheap transactions, despite its supporting features and tools in the ecosystem being robust. Moreover, Eithcowich stated that Solana has become vulnerable to infrequent network outages.

In a short interview last week, Saro McKenna, the co-founder of the non-fungible token (NFT) game on EOSIO-based Wax network Alien World, said that she believes EOSIO is a better protocol for hosting DAOs.

According to her, the Ethereum protocol is too expensive for voting purposes. Although developers designed Ethereum to serve general-purpose blockchain, McKenna argues that it’s inefficient to handle different tasks. McKenna advocated for EOSIO, maintaining that it was partly built for DAOs, adding:

 “The EOSIO codebase is extremely powerful, allowing for layered multisig permissions and dynamic collection election mechanisms critical for DAOs to function properly.”

In March 2022, although high gas fees have long been an issue for Ethereum users, they went to their lowest levels since August last year.

Cryptocurrency Ethereum  Ethereum blockchain

In February, Andrew Levine, the CEO of blockchain consulting firm Koinos, criticized EOSIO, which could explain why it falls short of Ethereum in adoption. At the time, Levine said that although EOS transactions are cheap, the protocol requires an account creation fee.

He further argued that holding coins on an EOSIO account is complicated compared to Ethereum:

 “The EOS database is built on something called ‘memory-mapped files,’ another vestige of the Steem design, an important consequence of which is that it is designed to use the most expensive form of storage possible: random-access memory.”

Like what you're reading? Subscribe to our top stories
Tags: BlockchainDAOdecentralized autonomous organization (DAO)EOSEOSIOEOSIO blockchainEtherEthereumEthereum blockchainEthereum Virtual MachineEVMNFTnon-fungible token (NFT)

Related Posts

Digital Asset Investment Products Record Largest Inflows Since July 2022 – Report
Analysis

Digital Asset Investment Products Record Largest Inflows Since July 2022 – Report

January 30, 2023
Polkadot Insists That DOT Has ‘Morphed’ From Security Status
Blockchain

Polkadot Insists That DOT Has ‘Morphed’ From Security Status

January 27, 2023
Davos-Launched Blockchain Project Strives To Be The ‘SWIFT’ Of CBDCs And Stablecoins
Blockchain

Davos-Launched Blockchain Project Strives To Be The ‘SWIFT’ Of CBDCs And Stablecoins

January 23, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.