There were many blockchain launched since 2015 ,claimed to be resilient , more secured and scalable but None of them built the trust among real world business enterprises which was still a big glitch of blockchain technology .
Ethereum is the oldest public blockchain where Tons of smart contract and tokens has been built and after 5 years , still is the 2nd largest blockchain in the market which connecting the blockchain technology with computer made applications and creating smart contract for bridging the decentralised apps.
But , Blockchain will not be called so successful unless it has mass adoption from worldwide enterprises. Ethereum Developer working so hard to develop all those protocols where it connects quickly with enterprises in large scale .
In example : If any bank needs its account holders whole database to shift from their centralised system to blockchain without any glitch and with full privacy then somehow we feel blockchain still need more time to get mature in such development where these kind of project settled in seconds .
Ethereum 1.0 was an early mistake ,not built to be mean for world computer but Ethereum 2.0 is. _Vitalik Buterin
Ethereum in the term of scalability of transaction ,still quite far from its competitors like Eos , Tron , Cardano , Steller , Neo , Hedera Hashgraph where these blockchain provides greater numbers in transaction per seconds which is likely to be more important if Ethereum has to adopt the Mass movement of enterprises at their blockchain because enterprise needs transaction in huge numbers with least time to deal with bulk operations.
Let me share here one more claimer called 'Cypherium' to provide enterprises a great friendly and ease environment to deal with their system needs .As per their White paper , They are ready to launch its public blockchain mainnet which is quite similar to ethereum but fully developed to build the smart contract Applications for Enterprises related issues and claiming its more efficient in handling transactions in thousands per seconds .
Cypherium is basically highly scalable ,dedicated to smart contract platform and built on two layers of chain called Dual chain integration where proof of work and Hot Stuff consensus mechanism works.
Compare of these upgraded version of Ethereum blockchain networking, Cypherium is vastly preparing to be launched in the market whose core focus to deal with all the large , medium and small range of enterprises to work on it through smart contract . if we notice cypherium has 6500 transaction per second handling capacity in compare of Ethereum 15 transactions.
Before launched in the market , It has already partnered with major companies like :
The question is Ethereum why not improve its Scalability which is more vital and core for blockchain efficiency ?
Ethereum has some other uncertainty for not been adoptable by Enterprises in large numbers even after 5 years for its existence in blockchain industry because it is still not stable and keep experimenting through changing its consensus mechanism from Proof of Work to Proof of Stake which still put the big investors and companies to adopt the platform as they might be suspicious to crash the whole system after shifting to new consensus and can create security issues which is not adjustable for big ventures or startups.
Hence , Ethereum slowly but steadily moving to become one of the top open source public blockchain for developing smart contract applications and providing its client choice able programming as per their business needs :
- Microsoft and Amazon providing its users cloud computing blockchain as service (Baas)platform by following ethereum blockchain protocol.
- JP Morgan's Quorum smart contract where its banking informations are integrated with private and permissioned protocol on Ethererum blockchain.
Resources:
https://medium.com/leclevietnam/will-ethereum-2-0-solve-scalability-problem-955d7f95eb08
https://cointelegraph.com/news/ethereum-blockchain-solutions-for-enterprise-business-pros-and-cons
https://www.investopedia.com/tech/what-enterprise-ethereum-alliance/
https://twitter.com/CypheriumChain
https://www.ledgerinsights.com/ethereum-enterprise-standards/
