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Ethereum Network Network Dominance and Bitcoin Customer Seller Challenges
Ethereum, the second largest cryptocurrency, has maintained a significant market lead - about 40% of the total market. However, this dominance is worth the cost of Bitcoin customer retailers. The question of many minds is: Who maintains the dominance of the Ethereum network network and why cannot any third -party customer distributor unilaterally change the protocol?
Historical context
The Bitcoin protocol developed by Satoshi Nakamoto is an open source and is maintained by its community using a decentralized process of multiple developers. This cooperation approach ensures that changes in the protocol are gradually introduced with minimal network disorders. However, it also means that any attempt to significantly change the protocol would require consensus from the whole society.
On the contrary, the Ethereum developer team, known as the Ethereum Foundation, has decided to maintain control over the development and implementation of network updates, which can lead to a gradual development. This approach allows for significant changes without requiring coordination with a wider Bitcoin community.
Market share dominance
Ethereum's dominance in the market part is partly caused by its largest user base and the fact that it is longer than Bitcoin. According to CoinMarketcap, the average monthly active address (MAA) Ethereum has exceeded Bitcoin Bitcoin with a wide reserve. This suggests that the Ethereum user base is still more diverse and stable.
In addition, the Ethereum network is designed with scalability, which allows faster processing of transactions compared to bitcoin. While the Bitcoins block has improved over the years, it is still lagging behind the capacity of Ethereum to process transactions at speeds of up to 1 TPS (teratransiation per second).
Third Party Customer Supplier Restrictions
By checking whether the protocol is crucial to the customer supplier, such as Ibitcoin or another third party party service provider, there are significant restrictions on one separate Ethereum change:
1.
- Network Security : All changes to network rules or behavior could endanger asset and user data security.
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Purchase of Society : A major public consensus would require a major protocol change that is difficult to achieve.
- Technical complexity : A reasonable platform based on the Ethereum Agreement is very complex and requires knowledge in the field of development and commitment.
Conclusion
Bitcoin customers, such as Ibitcoin's dominance on the Ethereum network, are the result of a historic context, market share and Ethereum development process. While the third -party customer may be difficult to unilaterally change with the Ethereum Protocol, these restrictions emphasize the importance of maintaining transparency, security and purchasing the company in any major technology business.
After all, Ethereum's success is determined by the ability to develop and improve while reducing the disruption of users and stakeholders. The current development and growth of Ethereum serves as a reminder that innovation can be successful if no major changes are needed.
