My bravado of piling tonnes into LEND isn’t lasting long. It will take a while for them to launch their new interface. I’ve put some of it back into Neo/Gas as the price got knocked down a bit aswell.
There is some logic to this. When I perused the LEND smart contract system I saw that Ethereum has serious issues right now.
- Slow transaction rates for smart contacts 1-12 hours
- Gwei rate is starting to become exorbitant, 20-40 USD but sometimes 80 USD and it is out of control of the dAPPs operators.
- I have participated in an ICO ten days ago, many of us are still waiting for the transactions to be processed!
It’s unknown how quickly or efficiently Ethereum can deal with this (as mentioned earlier, Ethereum is currently doubling transactions every month).
Other newer platforms like Neo, Qtum, Eos , Cardano (when it’s up and running), IOTA (When up and running) could step into the gap. Neo is the only I know of that is fully functional , launching ICOs and has ecosystem of it’s own tokens right now.
Anybody know anything about Ethereum Classic platform loading?