For a data carrying Blockchain? Ethereum doesn’t have any real competitors. But a serious contender for what?
Blockchain as a database is a solution looking for a problem. Most of the problems it solves other than decentralization are internal. Changing the format of the database to blockchain doesn’t get rid of existing problems with validation, it just abstracts them one more step. A contract isn’t worth the paper it’s printed on if there aren’t external systems ensuring it’s enforced. Calling that ‘paper’ a ‘smart contract’ doesn’t change that.
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My question was not rhetorical. What is your threshold to consider Ethereum a serious contender? What milestone should be reached?
For a data carrying Blockchain? Ethereum doesn’t have any real competitors. But a serious contender for what?
Blockchain as a database is a solution looking for a problem. Most of the problems it solves other than decentralization are internal. Changing the format of the database to blockchain doesn’t get rid of existing problems with validation, it just abstracts them one more step. A contract isn’t worth the paper it’s printed on if there aren’t external systems ensuring it’s enforced. Calling that ‘paper’ a ‘smart contract’ doesn’t change that.