The Mobius Network Could Save ERC20 Projects
Ethereum’s Hard Fork Not Enough
Recently, a peer told me I was falling in love with a protocol. If you have read my previous work, you might guess that was Stellar. The thing is, my opinion of Stellar is a result of months of research. I have accepted facts. Who doesn’t love facts?
Ethereum has deployed another hard fork. A few days later, I saw praises that the network was processing 500,000 transaction per day. I tweeted that Stellar could handle that in around 8 minutes. The comparisons between the two could not be more night and day. Even Ethereum developer Vlad Zamfir stated, “Ethereum isn’t safe or scalable. It is immature experimental tech”.
So where does that leave all the projects looking to build on the Ethereum platform? The solution might be the Mobius API.
The Mobius API
The Mobius API aims to allow all developers to connect and build on the blockchain ecosystem. This alone is a game changer. The API will allow construction of decentralized apps or DApp’s. Unlike Ethereum, DApp deployment is not contingent on learning new blockchain languages. The Mobius DApp Store is a decentralized platform to host these apps. Furthermore, Mobius existing on the Stellar platform ensures these DApp’s can scale. Remember, Stellar can handle 1,000 transactions/sec, right now!
The Mobius token will be the default unit of payment for the DApp Store. That’s not to say DApp creators cannot use their own token. Accepting the Mobius token is the easiest way to get setup. Why solve problems that already have solutions?
The API’s ability to connect many blockchains, means accepting ERC20 tokens is possible. In June 2017, Ethereum ICO’s raised $700 million dollars. A majority of those ICO’s having the intentions of building on the Ethereum platform. Many of these projects were unaware of network congestion and scalability issues. The writing is on the wall. How will the Ethereum network handle more of these projects going live?
The solution might be the Mobius API and acceptance that Ethereum is not too big to fail.