Ethereum’s New Position in the Ecosystem
Ethereum is and will remain the first cryptocurrency that allowed the use and operation of “smart contracts”. The first place was confirmed from institutional investors’ approval, that include it in their portfolios but also from big banks, that uses it for issuing bonds in their digital version.
The fact that more and more people and institutions are entering the Ethereum network, is getting the network more crowded and expensive. For this reason, the need for more “smart contracts” is covered from other cryptocurrencies like Polkadot, Solana and Binance Smart Chain, that allow users to build new businesses on them.
Those moves show that Ethereum’s business model could be copied successfully and create new dimensions for the crypto ecosystem.