For quite a long time, there has been controversies around the world’s second-largest cryptocurrency by market cap, Ethereum, over its capability in the industry especially when some top projects like TRON, EOS migrated from the ERC20 network over claims that Ethereum network is slow.
However, crypto rating platform Weiss Rating, which claims to be unbiased has refuted negative claims against Ethereum, saying it is the project pushing the blockchain industry forward.
Weiss, on Twitter, tried describing the potency of Ethereum blockchain network within the industry. The crypto rating platform said people sometimes tag Ethereum (ETH) as fiat money.
“We’ve seen people call ETH “fiat money” while praising governments for their efforts to introduce their own “digital currencies” like it relates to crypto,” Weiss Crypto Rating averred.
Weiss claimed Ethereum is a highly important project in the blockchain space, adding that it is one of the projects the industry relies on for growth.
Relating further on the capacity and scope of Ethereum, Weiss said Ethereum is a perfect project for the development of Dapp or trade.
“Right now, ETH is the main project pushing our industry forward. Whether you want to build or trade, ETH is where it’s at,” Weiss added.
Recall that Ethereum is being referred to as the abode, and safe haven for decentralized application, but with the emergence of projects like TRON, EOS, IOST and some others, the network has been facing stiff competition in the Dapp industry.
However, Ethereum still has the highest number of dapps and it remains the second most important cryptographic project in the blockchain space.
Forbes in a report revealed that 50% of the billion-dollar worth companies around the world actually make use of Ethereum blockchain technology.