Home Crypto Ethereum Predicted to Become the Global Standard Smart Contract Blockchain

More than half of crypto traders say Ethereum to become the global standard contract blockchain, new poll by Benzinga finds

As blockchain technology continues to gain value, a fierce competition for market share has begun. Many experts believe that the dominant smart contract blockchain will become the reserve currency of the internet, and potentially the global economy.

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

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 successfully complete the 2.0 scaling upgrade.

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

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.

Read the Ethereum Predicted to Become the Global Standard Smart Contract Blockchain report in its entirety for the full report and analysis.

Benzinga regularly conducts surveys of crypto traders and publishes its findings. Read Benzinga Reports: Bitcoin Predicted to Crush Bitcoin’s ROI in 2021 for more data like this.

Sign up to receive the latest Benzinga news and offerings here and follow Benzinga on Instagram, Facebook, Twitter and subscribe to the BenzingaTV YouTube channel to stay in the loop.

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.