{"id":375529,"date":"2019-03-21T14:00:41","date_gmt":"2019-03-21T14:00:41","guid":{"rendered":"https:\/\/wncen.com\/?p=375529"},"modified":"2019-03-21T13:46:43","modified_gmt":"2019-03-21T13:46:43","slug":"vitalik-buterin-inevitable-that-ethereum-loses-some-of-its-lead-in-crypto","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/vitalik-buterin-inevitable-that-ethereum-loses-some-of-its-lead-in-crypto\/","title":{"rendered":"Vitalik Buterin: “Inevitable” That Ethereum Loses Some of its Lead in Crypto"},"content":{"rendered":"

Ethereum co-founder Vitalik Buterin admitted that Ethereum<\/a> is losing its lead in the cryptocurrency market.<\/p>\n

Speaking on the Unchained podcast, Buterin said that losing a chunk of market share was “inevitable and unavoidable” for both the crypto projects. The 25-year old developer referred to new blockchain projects that were taking different approaches to reach the same goal as that of Ethereum, thereby taking away some part of its community. He told host Laura Shin that:<\/p>\n

“It [Ethereum] has lost some of its lead to some extent. It’s kind of inevitable and unavoidable. Ethereum really was the first general purpose smart contract thing. Bitcoin was, for example, the first cryptocurrency and originally, it had 100 percent of the market share. Then, it went to 90 and now it’s at 55.”<\/p><\/blockquote>\n

How is Crypto Market Share Calculated?<\/h2>\n

Market share refers to the percentage of one asset’s market capitalization against the total valuation of the asset’s industry. The first cryptocurrency bitcoin gained a natural lead\u00a0over other crypto projects. It continues to hold the first rank of biggest cryptocurrency by market cap. Nevertheless, the rise of competing projects, starting with Litecoin, Dash, and followed by Dogecoin, XRP, Ethereum, Bitcoin Cash, amongst many others kept sneaking away little portions off bitcoin’s once-100% market share.<\/p>\n

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.@laurashin<\/a> asks @VitalikButerin<\/a>, "Would you be upset if another blockchain took the lead [ahead of ethereum]?" Buterin jokingly responded, "It depends which blockchain … If #TRON<\/a> takes over ethereum, I'll have lost a certain amount of hope for humanity, not nearly all."<\/p>\n

— Christine Kim (@christine_dkim) March 21, 2019<\/a><\/p><\/blockquote>\n