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RE: Steemitblog Contest: What are my favorite cryptocurrency coins? one of them is Ethereum!
It is true that the majority of the DeFi are concentrated in the Etherum family. But Etherum is no more cost-effective than it is used to be before. That debarred the general middle-class community. To be having an inclusive policy, the crypto domain needs to seriously think of the transaction fees.
However, for being first ever the Smart Contract platform, it has its relevance and it might continue to be with its dominance after Bitcoin.
Thank you.
Hi @sapwood
You are very correct, its transaction fees are an issue for individual investors.
The irony is that Institutional Investors and other Financial Institutions are utilizing DeFi for its better yearly interest rate, and the cost of transactions in traditional banking wire transfers is so high and so slow, that Ethereum is both cheap and fast by comparison. LOL!
The very qualities of cryptocurrency which attracted many of us here are now attracting others.
Thank you for your comment, it is a very good point and helps us understand the changing dynamics of cryptocurrency DeFi.
@shortsegments