Topic: Don't we have too many smart contract platforms already? - page 2. (Read 564 times)

I guess any cryptocurrency should be able to have its own smart contract as it's an important/necessary feature of crypto. Perhaps we need unique and improved smart contracts rather than having most of them doing almost thesame thing with no reasonable improvement to copied idea.
What seems to be lacking today is smart contract that can do more advanced tasks without compromising on decentralized. The existing ones are very limited in what they can do

I don't think that's a problem or a bad impact on the crypto community. precisely with the addition of new innovations. will give something new again for many people and also providing more benefits from it. as example such bsc its really make good impact for eth users and many project.

the more smart contracts isn't the better? everyone can choose which one can provide maximum profit keuntungan
for example bsc he has the advantage of low fees, eth has a very large network and community, and advantages and disadvantages must be in every platform
With more and more smart contract platforms in the market means the competition is getting higher and they will try to be the best platform by creating more features and benefits.

in fact there are already many blockchain / smart contract platforms but i believe that each of them also has unique characteristics, peculiarities and then it is always better to have a wide range of choice so for me new platforms / proposals are welcome

Competition would always be there even though they share up the same smart contract but the field or industry they are focusing on would really be different.Trying to look on how many projects are existing as of this moment then we can say that there are lots which are flooding out on the market.
Asking if do we really need them? Some are relevant and some are just copycats this is why its important that you do know on how to choose the relevant ones.

Its a bit anticipated that there would be lots of projects that do pop out on the market which would mainly targeting out on getting some marketshare
or recognition in the community.

you are thinking too far to see how the use of blockchain projects is actually used in the real world.
We have indeed seen too many smart contracts come with the development of existing smart contracts or indeed build their own ecosystem.
but right now we are looking at how all the projects with smart contract platforms will compete with each other to be the most popular.

First I would say the same reason we have too many cryptocurrencies with the same functionality.
You said it yourself, everyone wants to make profit of their own, so even when there is something out there that's already offering the same service, let's make our own anyway. We also know that sometimes, Devs might try to put in one or two different thing that might set them aside from an existing Blockchain network and we as investors need that too. It is always good when competition is healthy and for the benefit of the investors.

Its not easy to create a new smart contracts, Maybe what you mean is Fork an existing smart contract and use it for your own token or project. As of now majority of smart contract in the crypto space are meant for investors and no real use case for everyday normal life.

I guess the decentralized and open source nature of crypto/Blockchain tech is what makes developers launch new projects out of existing ones with the aim of making crypto land a better place. As with any innovative technology, there's always room for improvement. Having a single smart contract platform like Ethereum would make things look "bleak". The competition is what's keeping the space alive, improving the Blockchain ecosystem as a whole. This should reduce the network congestion on the main ETH blockchain, as people use other alternatives according to their needs. Platforms like Ethereum, Binance Chain, Cardano, EOS, and TRON have many things in common. But they handle scalability in a different way.

Ethereum is the most decentralized smart contract platform in the world, but it's often slow and expensive to use. Binance Chain is much faster and cheaper than Ethereum, but it's utterly centralized. People will decide which platform to use to participate in "De-Fi". The more smart contract platforms there are, the more diversity there will be in the crypto/Blockchain space. Despite the numerous smart contract platforms in existence, I believe only one shall prevail in the long run. And that would be Ethereum because of its first mover advantage on the market. After all, Ethereum is the platform that started it all. Just my thoughts

from this various smart contract platform only few of them could build true ecosystem. most of them failed to build this and finally its failed to compete with ethtereum or binance smart chain. we should restrictly choose which platform we should invest or we gonna in shit coins

Since this market is almost free of regulation and people can release as many coins as they want then there is nothing wrong with having more options, however we need to be honest a great deal of those coins are very similar which means there is not going to be enough demand for some of them and we will slowly see some of those coins disappearing, this is especially true if in the future bitcoin adds those functionalities, so the reason for those coins to exist will disappear completely.

Thats true. A lot or a little is relative, diversity makes positive competition, this is good for the race to bring the best product for the ecosystem, right? A project that is unique and garners attention from the market will last, so don't worry too much about this. There are many burger vendors, but each vendor has a unique taste, and customers also have their own tastes and say "Burger A is the best", while others say "Burger B is the best". That's a simple analogy from me regarding the OP's statement.

In the decentralized and open source world of crypto, it's natural to see many projects come out of existing ones. This is to provide innovation and ramp up the competition in the crypto/Blockchain space. However, sometimes I believe that enough is enough as most of today's new cryptocurrency projects focus solely on smart contracts. Some people say that the higher the number of smart contract platforms, the better it'll be for Ethereum. It makes sense, since competing platforms reduce the burden on the main ETH blockchain. But ultimately, there can only be one winner. And such is the one able to provide real use cases in the mainstream world.

Nonetheless, people will decide which platform to support from the other. Developers need to focus building new dApps on existing smart contract platform than creating a new blockchain network from scratch. With so many platforms available right now, scalability bottlenecks are no longer an issue. This is good because it helps crypto/Blockchain tech increase mainstream adoption at a fast pace. Investors will put money into platforms that are useful for "De-Fi". With how far we've gone since Ethereum's inception, I'd say that the decentralized web is here to stay. Just my opinion

It's true that new blockchains are being built daily and it is similar to how new coins were being created after Bitcoin came to light until Ethereum disrupted everything and shifted the development of coins towards the smart contracts. I feel like it is about time when a new technology is launched and then things will move towards that technology. I am not sure what would be better than smart contracts but surely there are new technologies being built every day.

Also all these blockchains add something new, for example, DOT is aimed at connecting various blockchains so it is kind of refreshing although the same concept. Improvement in the previous blockchains is the name of the game right now and although too many, I think every now and then we have a decent coin. I like Tron a lot personally because of free and fast transactions.

Yes it is, but its provided so the developers can choose the platform which suit to the projects.
 Also, some of platform have advantages to the another platform.

Well maybe it’s all needed, in every space there is always a competition like this. I have seen a lot of them and I always notice that they all have one thing they are doing better than the others. They find the fault with other projects and they try to fix that by having their own platforms. But that doesn’t make them better than the others, they all have one way or the other that they are lacking. They can’t be fully perfect.

If you look at Polkadot and Ethereum, you will see that there are lots of ways that Ethereum is better than it, and also Polkadot has ways that it can be better. As a developer you can’t have all, it’s up to you to decide what you think you can deal with and just go for that.

There can never be too much of improvements. I think there are many smart contracts platforms because one is not offering something else. As a result, another is created. This is definitely more good than bad. It is always better to have a lot of options than just a handful.

Ethereum of course is the top platform and is the one that is used widely but there are definitely advantages which could be found in other smart contracts platforms that is not on Ethereum.

New smart contract platform project usually aim to give a better speed and cheaper way of sending transaction, most of them are trying to repeat the same feat that Ethereum has achieved and that's true, there's too many smart contract platform already
I personally will prefer these developers to instead build a dapps or defi platform, not just copying the existing defi or dapps but creating another one that could make breakthrough, that's gonna be more useful than adding one more smart contract platform to
the crypto market in my opinion.

for now yes, but not for the future. when crypto is already part of the mainstream, we need a new smartcontrac platform. if we just rely on the current platform, the problems that occurred in ethereum will repeat itself. where transactions become very dense and make fees expensive. after all the competition was very good. developers will find it easier to choose the platform they need and not be stuck on just one network.

My view in all these development is that everyone is trying to find a means to make more money. remember that binance built its own blockchain. the BEP20 smart contract. currently, it looks as if binance has abandoned that platform after launching the BSC smart contract. the sole aim is to attract more investors with money but claims they solve issues using smart contracts and blockchain. i also think they will loose in the long term because we all know the real developer in smart contract. it is ETHEREUM.