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That isn't true. Other blockchains technology that support higher throughput are providing exactly the same capabilities for a few pennies. Etherum has taken the same place bitcoin has occupied for a while for currency transaction, here for smart contract: expensive. But it has, like bitcoin, huge network effect, so demand sustains and even continues to grow.



> Other blockchains technology that support higher throughput are providing exactly the same capabilities for a few pennies

There are many networks that claim to do this, but we have yet to see how this is going to play out. A big question here is if these networks are in practice as resistant to attacks and decentralized as (post DAO) ETH.




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