Kevin O’Leary Names Two Ethereum Rivals That He Believes Could Challenge ETH’s Dominance

Shark Tank’s Kevin O’Leary says the shortcomings of Ethereum (ETH) are putting smart contract platforms in competition.

In a recent interview with Stansbury Research, O’Leary said: To tell Anything can still happen in the young Layer 1 sector.

But after all, ETH is slow and expensive. So, if it doesn’t fix itself, there will be a great deal of competition. And everyone has an opinion on this. And I think the market is the market. I also have a fairly large position. We’re amassing more applications and usage than ever before, so I’d rather wait and see what happens. But that doesn’t mean it’s set in stone. anything could happen. “

O’Leary cites two Ethereum competitors, Hedera Hashgraph (HBAR) and Solana (SOL), and a layer 2 solution, Polygon (MATIC), as notable applications.

I think there are other applications such as HBAR, Solana, Polygon, etc. How this should be done, how financial services work, cost, speed, fees, transparency, audibility, security, etc. There are all sorts of different ideas regarding these things.

And I say to people, You can do it by market capitalization and it’s easy to find, but that doesn’t mean you’re right to do it either….

And when people say to you, ‘I’m sure this will work really well,’ they have no idea… After all, if it doesn’t make any money at all, it’s all other businesses and It will be zero as well, and many will be. become zero.

Me

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