An objective analysis
What is ThunderCore?
ThunderCore is its own blockchain with its own native cryptocurrency, Thunder tokens. Developed by industry-leading experts, it is EVM-compatible with throughput of 1,200+ TPS, sub-second confirmation times, and low gas costs — making it quick and easy for dApps to deploy and scale.
Team
There is no doubt that the team behind ThunderCore is talented. The CEO, Chris Wang, graduated with a PhD in computer science from Carnegie Mellon University at the age of 22. Since then, he founded a social gaming company, Playdom, which was sold to Disney for approximately $500 million. However, it’s important to note that ThunderCore only displays three team members on their website. They are currently hiring for about 15 different positions, with a focus on engineering talent. It appears that ThunderCore is attempting to scale the company, however, may be having difficulty finding top talent. This is noteworthy, given the fact that talented blockchain engineers are in high demand, and there is a clear supply shortage in the market. Furthermore, building a layer 1 blockchain protocol supporting dApps is no easy task, and will require a built out team in order to be successful. While Block.One is a global organization, ThunderCore appears to be operating solely out of Silicon Valley. This raises the concern of whether Thunder Token can compete at a global scale. For comparison purposes, see the employee statistics for Block.One and Thunder Token below.
Funding
Block.One has secured over $4 billion in funding via an ICO; with a notable strategic round led by PayPal co-founder, Peter Thiel. Block.One has also set aside $1 billion to help fund applications utilizing the EOS.IO software.
Thunder Token is also attracting interest from top VCs, raising an undisclosed amount in seed funding and a private ICO. However, it is still unclear how ThunderCore will attempt to incentivize entrepreneurs to build on top of its platform. Developer activity on the platform is key to attracting users, which then allows for value accrual at the protocol level.
To read the rest of this post, visit blog.icoalert.com.
Originally published at blog.icoalert.com.
