Well, yes and no. Within the crypto world, Ethereum has become a backbone of the ecosystem. Just look at how many tokens are based on Ethereum/ERC20.

One of my favorite ICO’s is Crypto20, a tokenized index fund that buys the top 20 coins by market cap. One C20 token represent one share of ownership in the fund and has an ‘instant liquidation’ feature that is based on a smart contract. None of that would be possible without Ethereum.

What Ethereum lacks is any programs or apps that are likely to see mainstream adoption. I’ve heard it said that it will only take one ‘killer app’ to make Ethereum go through the roof, or any other platform for that matter (Lisk, etc).

When we see something built on the Blockchain that becomes as widespread as Instagram or Twitter, that’s when we will explosive growth.

I’m a big fan/supporter of Lisk for exactly this reason. Lisk is built on JavaScript, while Ethereum uses Solidity. Millions of programmers across the world already know and use JavaScript. I think there’s a good chance that the first ‘killer app’ that sees mainstream adoption will come from Lisk rather than Ethereum.

A bit long winded, but that’s my two cents.

Cheers!