[Taklimakan Blog] Ethereum Will Soon Lose Its Leadership in the DeFi Market — Says the Head of Block.One
Block. one CEO Brendan Bloomer urged the cryptocurrency community to stop stifling the Ethereum blockchain industry. Bloomer wrote about this on his Twitter page.
The head of Block.one, the company that creates distributed ledger software EOS.IO, mentioned the inflated commission costs, which ultimately affected the scalability and inflation of the project.
“Every day, Ethereum promises updates that are more like EOS, but endlessly [them] postponed and do not find a practical way to implement. At the same time, EOS delivers technological innovation every month under the scrutiny of a talented global community, ”Bloomer wrote.
Bloomer’s comments come amid renewed all-time highs in commission costs on the Ethereum blockchain.
However, the increase in commissions is far from unreasonable and is the result of the explosive popularity of the decentralized finance (DeFi) market on the Ethereum blockchain.