Bitcoin Forum

Dear Community,

I have been looking around the website for the answer but I have not found anything clear. The question is simple, why are most of the token being created are on the Ethereum blockchain ?

Why are people not using alternatives like ETC, Counterparty, Statis, etc ? what are the advantages and disadvantages of using the Ethereum blockchain in this case ?

In my opinion, most people are using Ethereum because out of all blockchains, ethereum has the biggest and most active developer community.

What do you think ?
Thank you in advance for your opinion.

peace

Yes, ETH has an active community, and, ofc, ETH is more advanced platform

ETH is not the best platform around but is the one most investors have confidence in.

Actually there are a few systems being developed on those other chains. The thing is ethereum is evolving fast, because the community is pretty active and is constantly upgrading it and helping with documentation that is mandatory to help developers.

imo the main reasons are the ERC20 standard and the large scale of the Ethereum network. Ethereum is pretty battle tested so it's a lower risk for issuers.

It's a combination of things, it is the biggest coin and has the biggest current development going on around it.


You are wrong though about this one, most tokens are being done on ethereum yes but there are some alternatives that are becoming very popular as well, especially the waves platform.

BC create a Dapp on ethereum blockchain have more advantages than others. Although some may prefer EOS recently.

it's easy to create token using smart contract, and eth founder VB is still active to guide the development unlike bitcoin

Yeah, because of the trust of investors than many people are making coin by using Smart contract ERC20.

Agree on this, if you will be observing carefully many of the ICO's appearing nowadays are usually are into Ethereum Platform. because of the fast evolvement of ethereum i guess this the the main thing  why most of the developers choose etheruem as their platform. but there are others also such as waves and nem. you can have lots of choices you prefer depending on the coin you are launching

Eth is one of the stAble chanin and easy to configure. It won't be long Waves will also be used by hundreds of tokens to be created. More developers and businesses prefer doing this because they don't have to develop their own network which can be tiresome and requires a lot of money.

Here the main reason ( in my opinion ) is that the fee , If you can make eye back at the fee of the bitcoin then bitcoin fee transaction was not much high but in the last couple months we seen the big fee that we needed to confirm our transaction .
So may be most of the tocken platform decided to launch Thier tocken for the blockchain of the Etherium coin .
But here I don't think that to have tocken for the ETH based blockchain are better because we can't direct withdraw to any ETH address of exchange , we need to have offical wallet for this but in the bitcoin there was no condition and we were able to cashout any tocken into bitcoin at any address .
So here now a type of competition will arise where the developers will have the option to choose bitcoin or Etherium .
Here no doubt bitcoin is better for ico platform then ETH .

I honestly have the same question, why eth blockchain is more desirable than other alternatives, and it turns out after reading in this thread I found the answer, because eth blockchain has smart contract ERC20 feature. Which is why investors are interested

-Active developers community
-Advanced technologies (smart contract, upcoming proof of stake with Casper algorithm)
-Strong partnerships (Microsoft, JP Morgan, Intel together formed Ethereum Alliance)

Main reasons are first their technology is tested by lots of people and seems more secure second it has the largest community and support after bitcoin.

Etherum has the biggest  developer community because the API provided by them is comparatively simple to learn, understand and implement smart contracts.Also as an advantage you have solidity which makes things more easier.The only disadvantage I find is complex generation of addresses like bitcoin.
If you keep ETH apart,Lisk is second best developer network which allows simple Javascript implementation.

because investor interest use ETH, so dev follow market
counter party the fisrt token service , much people not interest because sending fee is very high

Because lot of people are familiar with ethereum blockchain so it is easier to attract investments.
And also ethereum blockchain is capable of what they plan to create.

Basically, ETH platform is optimized for tokens, and it is also easy to create tokens on ETH blockchain so that most of the ICOs stared now used ETH Blockchain to create their tokens

because it is overly hyped up and you can get the hype-by-being-close-by effect :D

imagine you create your ICO using another one of these good platforms (literary anything other than ETH) and advertise it saying my project is using .... platform. not that many will pay attention, specially when your ICO is crap.
but even if it is crap you just say we are working with ethereum, (add some lies here like Vitalik working for us, approving, bullshit like that),... then you get yourself an easy pump.
#FreeMoney #IdiotsBuyinICO

Because Ethereum is already a proof of a big industry in altcoins and it already build a good community .
Creating a ETh based token have a good possibility that it will boost a project with a good and stable foundation like EtH.

I think because ethereum is very active in the community, and they have good investors, so the crowds use ethereum.

It's true Eth has the largest and most active developer community, besides that there are some ico many who use Eth, because Eth has excellent potential in long term investment.

Comparing ethereum with other platforms, it is not the strongest coin, however, with remarkable development, Ethereum is preferred, in addition, transactions with Ethereum platform carry speed. Extremely fast!

Ethereum is good for transactions. Still you need to buy  new coins for some other currency. For example bitcoin transactions last 10 minutes per block and ETH from 14-15 seconds, it is more optimized platform ;)

I also see that Ethereum is the blockchain of choice for many alt coins

flexibility,alternative conversion and easy to access .

Easy, Fast and reliable. These reasons give priority to ETH.
But NEO can take its place.

It's because we people always go for the most popular thing and the first, whether it's a coin or a token, or even a television show. Anything!
Take for example bitcoin. There are existing cryptos or coins that are currently more scalable, fast, and better security and privacy focused than bitcoin. But still people prefer to use bitcoin than those coins not because it's better (even if it's not), but because its the first coin and also it's popular. We humans have this kind of difficulty to adapt to something new because of those things that we are already used to. Even if we say that we can adapt through time, it's still slow, and we are still not open to the reality that there will be things better than the other or there will be new unknown things to come; same as there are some civilizations that are more advanced than our civilization.
Same also with Fiat Vs Bitcoin situation. We say that we love bitcoin, we love crypto, we love decentralization, because it undermines governments and central banks, but at the end of the day we still have to convert that bitcoin or altcoin to fiat not only because we need it but also because we are used to using fiat. And this also goes to your question about tokens on Ethereum blockchain, and everything else.

Imagine if we eliminate this kind of barrier in our minds and open our consciousness to the reality and accept the reality that things will have a constant improvement and evolution NOW. we will have no governments, presidents,kings, central banks by 2020 and will be replaced by decentralized blockchain powered AI whatsoever that analyzes all data in all parts of the world for social, cultural, geopolitical, psychological, political, emotional, agricultural, technological, geographical, etc. you name it; and then will decide what to do per town, community, city, state, or even per country. And that will be the start of SKYNET! haha!  ;D 8)

ETH have high sales and more investors believe in ETH, and on the other hand ETH is superior to the largest active community, and has smart contacts ERC20, so investors believe, if they invest ETH coins. The quality of ICO platfoam also affects the results to be marketed.

In my opinion because adoption of Ethereum platform is more easy, so there are many people already understanding how to set up and  use the wallet. And other blockchain need more times because some other blockchain little bit hard to understand. Just like Stellar wallet, there are should be balance minimum 2 coin to active the wallet and for newcomer will hard to do it because that wallet only can receive from personal wallet too, and not possible from exchange.

Ethereum is the best platform with the fastest network. It is designed in way which makes it easy to use and reliable. Ethereum has the second largest community after BTC and has the capability to deliver the expected projection. So globally people are adopting Ethereum as their base network.

Because on the basis of ETH. People can easily create a smart contract. and highly secure. and special. ETH has the largest number of users