Ethereum's pioneering role in hosting smart contracts + dApps ushered in the next step of blockchain evolution, resembling Coca Cola's dominance in the cola drink market. ETH's first mover advantage yielded:
Brand Recognition: establishing a strong association with blockchain based smart contracts + dApps. This brand recognition grants ETH a strong position in the industry.
Thriving Developer Ecosystem: Similar to Coca Cola's loyal customer base, Ethereum has cultivated a big community of developers that has fuelled ETH's growth, innovation + driven the creation of diverse dApps. The size + expertise of this ecosystem present a big challenge for competitors to replicate.
ERC-20 Token Standard: This token standard parallels Coca Cola's unique recipe + branding. This standard fuelled a massive craze in 2017 and ETH now has the dominance as the preferred platform for tokenized projects.
While competitors such as the Pepsi's of the world will always come along especially in an ever evolving blockchain industry, Ethereum is poised to maintain a pivotal role within the industry and will likely always have its place in every big fridge around the world just like Coca Cola does. Show Less