{"id":411271,"date":"2020-01-16T17:00:50","date_gmt":"2020-01-16T17:00:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=411271"},"modified":"2020-01-16T16:30:26","modified_gmt":"2020-01-16T16:30:26","slug":"over-359-companies-are-building-the-future-on-ethereum","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/over-359-companies-are-building-the-future-on-ethereum\/","title":{"rendered":"Over 359 Companies Are Building The Future On Ethereum"},"content":{"rendered":"

Negative sentiment surrounding the crypto market has done significant damage to Ethereum<\/a>\u2019s reputation. It\u2019s become a common thread across the crypto community to question Ethereum\u2019s use case, and ask the question \u201cwho exactly is building on Ethereum, anyway?\u201d<\/p>\n

The most frequent response is to point to the altcoin’s biggest backers, The Ethereum Foundation and Consensys. However, a recent list of external companies has shed light on the fact that some of the world\u2019s most respected companies \u2013 as many as 359 of them \u2013 are hard at work building on top of the Ethereum protocol.<\/p>\n

Ether Value Is Driven Through Utility<\/h2>\n

Bitcoin was the first-ever cryptocurrency, and the disruptive technology ushered in the emergence of an entirely new asset class. But while Bitcoin was indeed the first, many of the crypto assets that have come after have been specifically designed to solve many of the problems of the Bitcoin protocol or to expand on what cryptocurrencies are capable of.<\/p>\n

Ethereum<\/a> was among the first attempts to build a platform for smart contracts that relies on a native crypto asset – Ether \u2013 to power it.<\/p>\n

Related Reading | Even a Billionaire Crypto Investor Doesn\u2019t Understand The Recent Altcoin Rally\u00a0<\/a><\/strong><\/em><\/p>\n

But the smart contract platform is only as valuable as the project being built on it, and the idea that no one is building on Ethereum could be partly responsible for the losses the asset has experienced over the last two years.<\/p>\n

During the 2017 crypto hype bubble, which saw both Bitcoin and Ethereum soar to all-time highs, new altcoins were being released a dime-a-dozen as ERC-20 tokens built on Ethereum. While many of these altcoins had plans to move to their own mainnet, the visibility that Ethereum received due to so many projects building on it, drove the price of the altcoin to a peak price of $1,400.<\/p>\n

But after the bubble popped, and the ICO boom turned into a literal nightmare, Ethereum\u2019s value plummeted. As negative sentiment hit extreme lows, the crypto community had begun calling for Etheruem\u2019s collapse, even dubbing it a double-digit shitcoin.<\/p>\n

Eventually, Ethereum<\/a> did indeed hit double digits back in 2018, bottoming at around $80. But despite the fall, there\u2019s no truth to the idea that no projects are developing on Ethereum.<\/p>\n

Over 350 Companies Building on Ethereum Protocol<\/h2>\n

In fact, according to a recent list shared by investor Adam Cochran, over 359 projects outside of The Ethereum Foundation and ConSensys are building on the protocol.<\/p>\n

Among the list are heavy hitters and well-known brands like Nike, Barclays, TD Ameritrade, FedEx, Microsoft, Intel, Ubisoft, Amazon, American Express, Samsung, McDonald’s, and many many more.<\/p>\n

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You may have heard a crazy claim that "no one really builds on Ethereum" and that "all the products being built on Ethereum are paid for by the Ethereum Foundation or ConSensys"<\/p>\n

Here are 359 reasons why that is wrong.<\/p>\n

Let's start with the megacorps:<\/p>\n

— Adam Cochran (adamscochran.eth) (@adamscochran) January 15, 2020<\/a><\/p><\/blockquote>\n