Why are there so many Ethereum ICO Tokens?

Ethereum ICOs

When you see the thousands of ICO startups out there, a vast majority of them are Ethereum ICO Tokens.  Therefore, Vital Buterin the co-founder of Etereum has been traveling the world promoting Ethereum as well as building Ethereum communities.  He recently came to Seoul for Deconomy, a blockchain conference, to talk about the future of Ethereum.  The reason why so many tokens are Ethereum ICOs comes down to three reasons.

Ethereum Development

The first is the constant development of Ethereum.  The Ethereum alliance was created and has over 200 member companies who are putting in capital for development resources.  These are focused on solving real-world problems using Ethereum.  Furthermore, Ethereum is the world’s only smart-contract supporting Blockchain.

Liquidity

The second reason is the Liquidity factor of Ethereum.  Ethereum is the 2nd largest Blockchain network in the world right now behind Bitcoin.  Therefore every token that is built on the Blockchain increases the demand for Ether and adds liquidity to the network.

Scalability

The final reason is the scalability of Ethereum.  Vitalik has been working hard with his team to implement Casper.  Casper has created a process to punish malicious validators.  Therefore, this will help achieve decentralization, save energy, create economic security, allow for scaling, and will help Ethereum transition to proof of stake.

John Yoon

John Yoon is the Editor in Chief at Startup Radar, Organizer for Startup Festival 2017, Head of Operations Korea at EOS Asia and the Global Marketing Director for Foresting.io. Email = john@startupradar.asia if you are interested in guest contributing and helping the Korean startup ecosystem. Wechat, Kakao, and Line user ID is jswy315

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