By Logan Ross
According to data collected by Benzinga from crypto traders and investors, Ethereum is the smart contract blockchain most likely to become the global standard. Out of 100 investors polled, 56.7% said Ethereum, 20.6% said Cardano, 8.2% said the Binance Smart Chain and 14.5% reported other platforms.
Investors also reported that decentralization, application ecosystem and scalability play a role in which blockchains they are most bullish on. Of these factors, investors are on average most concerned with scalability and least concerned with decentralization.
Scalability refers to the blockchain’s processing times and ability to charge low fees. Typically, a blockchain’s ability to scale and be decentralized are inversely related. While scalability has been a problem for Ethereum in particular, investors are still most bullish on ETH. We attribute this to its future scalability, robust DeFi ecosystem and user network effects.