Ethereum (ETH) Hegemony Will Be Challenged, Says Crypto Investor

Multicoin Capital Expects Ethereum To Meet Competition Business Insider recently sat down with Kyle Samani, the co-founder and managing partner of Multicoin Capital, a Texas-headquartered crypto-specific fund backed by pro-Bitcoin investor Marc Andreessen, along with David Sacks. In the interview, Samani drew attention to his predictions for 2019’s crypto industry trends, making mention of Ethereum (ETH). He explained that a handful of well-funded, high-potential blockchain platforms, like the a16z crypto-backed Dfinity and Cosmos, could challenge Ethereum head-on in the near future. The Multicoin representative noted that the aforementioned two ventures, which have yet to go live, could make a move on Ethereum’s nearly unquestioned hegemony as the go-to platform for smart contract development and deployment. Samani explained that as it stands, the blockchains in the works are “aiming to challenge Ethereum.” He added that he expects for the percentage of total blockchain developers working on the aforementioned platform to shrink,…

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