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

Actually its better to have those many because each time we see, one after one there are many failures. Whether this is out of increased network load, or whether it is out of increased Gas fees. They have outcomes which are making users uncomfortable about its use. If they dont get faster and cheaper results then they will switch the platforms all the time which is good for the economy of the platform and users.

I don't believe in monopoly. Each user also gets benefit from the different platform, some of them have lightening network some of them are easy to transact while some of them are cheap. Too many is good, than single.

It's a valid argument. The more the competition, the better it'll be for the growth of the crypto/Blockchain space. Ultimately, people will decide which smart contract platform to use from the other. The diversity in Blockchain networks, gives people a choice. It's true freedom if you ask me. If we had a single blockchain platform for everything, innovation would've stifled by now.

Thanks to the open source and decentralized nature of crypto/Blockchain tech, developers are free to create forks from an existing project for true innovation. Different smart contract platforms will surely reduce the main burden on a single blockchain network. Imagine how unusable Ethereum would be if it were the only platform for dApps in existence. Fees will be ridiculously high while transaction confirmation times would be insane. Now that we have many alternatives to Ethereum, we can decide whenever we want security/reliability/decentralization or convenience. It all depends on what your specific needs are. As long as each project works together to make our world a better place, nothing else matters. Just my opinion

That won't be a problem in the future, more and more Cryptocurrency projects that have smart contracts will allow people to choose which smart contracts are the most feasible to use to build new Crypto projects. 
And they will compete to provide the best service at a low cost so that they are made a choice, and this certainly has a positive side for new Crypto projects.

Well, crypto/Blockchain tech is decentralized and open source so it's normal to see many projects emerge with their own features. Smart contracts are implemented on most cryptocurrencies these days, because it's the trend of the moment. This expands the capabilities of the underlying blockchain network far beyond finance. It's good to have more than one platform for decentralized applications, as this reduces the burden on a single blockchain (like Ethereum). The more alternatives there are, the lesser the load will be on already-established platforms. What's important is mainstream adoption. If a project provides real use cases to the mainstream world, it'll be able to stand the test of time. I wouldn't worry about the increasing number of smart contract platforms as long as the crypto/Blockchain space remains decentralized. Just my opinion

Different projects require different ideas on how to set their project thru smart contracts. There is continuous development on how they can implement it as well as what they needed to do that will suit in their projects goal. It's up to us whether we will use the one we tested before or we will try new that might offer something not yet available in others. All will depend on our needs and experience in using such contracts.

One can argue that there are already too many smart contract blockchains out there and we need more platforms that will work directly for the users but we must remember that these smart contract platforms aren't the complete package yet and a lot still has to be improved on, Binance smart chain as set the new benchmark for smart contract platforms

each platform has advantages and uniqueness when compared to other platforms. the most important thing is can the platform build a broad and useful ecosystem for the crypto market? most platforms fail because they do not meet the demand that is trending in the market. for example the key for platform that be trend now is zero transaction fee and easinest in creating smart platform. did new platfrom could provide it ?

That's certainly true, mate. Since crypto/Blockchain tech is open source and decentralized, anyone can start his/her own project to make our world a better place. Projects that are consistent in development and innovation will ultimately survive, while the rest will go down the drain. There's no guarantee Ethereum will remain as the world's second-largest cryptocurrency by market cap. The same can be said about Binance Chain, Cardano, EOS, and other alternatives on the market. Different platforms will compete against each other until one of them becomes the dominant force in the crypto/Blockchain space. I wouldn't worry about new smart contract platforms popping up every once in a while as long as crypto stays decentralized and censorship-resistant. Just my opinion

As long as there is demand in the market for smart contracts, then there would be developers willing to compete for the pie. You don't have to worry about that though because the market will adjust this in the long run. Only the best will survive and the competition in this division will help developers try to get ahead of the game and grow even further. This is actually working in our favor though.

Agreed with you, just let the market decide which smart contract platform deserve to exist for a long time, if there's too many smart contracts the the market will naturally eliminate the ugly ones and therefore we only left with the good smart contract platform.

We are in a decentralized market where every projects are open source, people making the same thing over and over again is to be expected since some people just want to try something out, but whether it's gonna be used by the community is entirely another thing.

Competition can no avoid in markets because alot of people want to use their skill and make money from it. From high competition will born good quality project, the same thing for others product like many brands of car, motorbike, mobile phone and others. They are make competition each others to be the best one.

Keep them coming Devs, there is no such thing as too much in crypto space what matters is the last man standing, if we can't create room for more we won't know which is the best of the best, also this is why we have red market which will purposely reveal bad projects on the long run

This is a good thing i think，i am greedy and even hope that there will be more and more smart contract platforms. As long as in these  smart contract platforms could grow up one or several are as excellent as ETH or even better than ETH in the future, it will be good.

They have a unique concept and are written in the whitepaper, each platform showing their advantages over competing platforms. They write that the project they are working on will be better than their predecessors who became competitors. It is true, they have a purpose, but the realization is always not much different than the existing platforms.
So the community prefers a platform that can create smart contracts that have an older age, because it will reach the peak point faster where their business model begins to be realized and all real features make more sense.

It's not. that might be the opposite thing because they were using the same mechanism and did you see how the blockchain can be compliant from one to each other just like ethereum, bsc and rsk or even matic?
These were using the same mechanism but these are building the different smartcontract. I rarely seen blockchain that offers a unique idea. Parachain was also a bit complicated than it.

Yep, its good analogy for it. Moreover the projects which deployed on every platform is different.
So, if you want into a project then you need to join the platform.

Exactly. Diversity is key for Blockchain to succeed in the mainstream world. The more alternatives there are, the better it'll be for Ethereum. Ultimately, there can only be one winner. And such is the one able to provide usability above all else. Despite the numerous platforms on the market, Ethereum's status as the "King of Smart Contracts" has been untouched. This shows us that ETH has some loyal supporters behind it, because it's the most decentralized smart contracts platform in the world. Other alternatives may be faster and cheaper than Ethereum, but they're missing the most important thing which makes a Blockchain a Blockchain. And that is decentralization, reliability, and censorship-resistance. Investors and traders will ultimately decide which coin stays afloat and which coin goes down the drain. I wouldn't worry about the many smart contract platforms in the crypto/Blockchain space as long as the core technology remains decentralized and open for everyone. Just my opinion

No doubt we are getting better blockchains every day but I feel like there are just too many right now. The recent bull run actually helped a lot of coins because every coin was getting enough attention and investors even meme coins.

Crypto is already part of the mainstream and yes there was a problem of transaction fees on Ethereum but that happened because way too many projects were built on it and the number of transactions being made was crazily high.

I feel like right now TRC-20 is the better blockchain but everyone has their own favorite and ERC-20 is still the dominant one. If I am not wrong the TRC-20 is the busiest blockchain right now in terms of transactions made.

Well, am not suprised, as we all know, man is naturally greedy, everyone wants the opportunity to amass as much money as we can, so when the opportunity shows, this developers seize it without thinking if really there's need for that which they are about to embark on, but on the other hand, it's not a bad thing really, cus it's this same way out side crypto where many same businesses are competing with each for the Supreme power, so personally, I think it's still normal as this will help other ubder-performing blockchains step up their game just like it was with Ethereum when the network got so congested that one can hardly transact without spending over a hundred dollar, this was when binance chain came to our rescue.

That's clear, because every platform that has been successfully built will always have its own uniqueness and also its own advantages, because a completely perfect one will always be difficult to find in the crypto space.

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.

i am reecently added harmony as my portofolio. with all feature harmony have, i am sure it will be very big in market and possible to top 10 in coinmarketcap. with several partner which is have name in their part , there will alot important developtment that will deliver to harmony community.

Even if they are, investors are still looking and developers are still creating the Cryptocurrency industry is so huge that new innovation will be welcome here with open arms, so expect more smart contracts project to be created by developers and investors to invest, the Cryptocurrency is still moving forward and we are getting better, with these smart contract-based projects.

Are you saying we don't need more? Let developers keep doing what they can in the process it can benefits, don't you know that talent is greater than talent? Just because we have many smart contract projects doesn't mean we aren't lacking in some areas

i cant say if we have too many because i only know those that are in your list and nothing more but others i guess are only a normal altcoin or a token without smart contract features .
 the reason why they created another than etherium is not only because of the profit but because they also want to help . eth has some problems but they solve it in the other crypto platform . same can go on a new crypto platform , it could have a problem and the newer one will solve it .

We might see too many smart contract platforms already but I expect to see more in the future .

With the platforms that the OP has posted, ETH and BSC are the most popular and Cardano still didn't released its Goguen Mainnet (that is where the smart contracts will arise in Cardano Blockchain). I think that there will still be room for growth in the future or at least some upgrades and new features. These platforms will make harm if they will make a platform just to scam people.

On the other hand, we might see more in the future but the likes of ETH and BSC will be on the top therefore they will be the ones that will be used the most.

Yes we really do have a lot of smart contract platforms already, but investors are wiser about what to support and what is not, they know what is a money-making scheme by the developers, only the best smart contract project will and can go on.
Developers keep creating and exploring new technology to enhance the use of Cryptocurrency and to make trading very easy and profitable.

Those new platforms usually aren't launched with the serious intention to beat the established ones. The goal is to make a very quick buck on the reputation that has been built by legitimate projects. You see the same currently happening for all those decentralized exchanges that are announced left right and center. I don't even know how many DEX there are right now, but certainly a very high two figure number. For what?

other smart contracts will not be able to compete with Ethereum, even Binance Smart Chain (BSC) is still not able to approach the Ethereum Platform, we know now on the BSC platform there are a lot of scam tokens and a lot of tokens or coins that have no clear direction and innovation on the BSC platform.

Each platform have different purposes and that is why you have mentioned that. Some of it are made for gambling purposes like to use as one of the payment in their gambling platform. Some are creating for scam purposes and made some people think that it may come close to ETH like the other tokens or coins.

That is usually what they say that's why there's always a thread about ETH killer. The platforms have different features rivalling ETH but so far they aren't close to killing ETH.

Some platforms seem not trying to kill ETH but just wanted to give options for developers like the TRX and EOS which is obviously for projects developing dapps for gamblers and games. The 2 platforms fitting for these projects because of the small fee to make transactions. NEO and VET seem to be for the Chinese investors but does the same thing but offer another programming language.

I Agree with that observation Mate, I believe that we have too many smart contracts platform in the market nowadays it all happens because they want to replicate the success of Ethereum that's why they are creating the same function and features the smart-contract services But on the other aspect some platforms are not settled to compete Ethereum because they want to dethrone Ethereum that's why they have created a much capable smart contract function with much faster transactions and cheaper fees compare to Ethereum that's the new trend today. 

The market is still small on a global scale. Ethereum blockchain or cardano is not suitable for all tasks. A large abundance in the market will not be a problem, the market itself determines what is the value for it. However it is already clear that there are large coins and smaller ones.

I'm pretty sure the development of smart contracts for future projects will continue. their goal is to be big, and stand-alone, and to date, the mentioned coin is really a famous coin. however, I think a lot of people want to follow in the footsteps of ethereum or Binance, so it's only natural that they would create their own smart contracts as long as the opportunity arose.

I think if there are too many like this it will not be healthy for the market, because we now have many solutions with transaction fees and speed, but what happens is that ETH is still at the top of smart contract.
it is better if the new project makes good use of what is already in place rather than having to create another smart contract.

everything new must support an innovation that is interesting and indeed a solution that no other chain network has. Harmony has a good development. especially with the support of large projects cooperation. harmony is becoming a big project with its own smart contract. but it's still too new for them.

The causes are not smart contracts or the core or back-bone platforms. Projects need to have creative ideas that can solve real problems in society. Like start ups, crypto companies can not succeed if they repeat what previous projects do and solve.

In crypto ecosystem, many projects are clones, copies of others and no new idea, no new solution. It is why in each branch, the pioneers get  biggest success. Ethereum for smart contract, Dogecoin for meme, Uniswap for DeFi.

Creating a new blockchain with new technology is great but not mandatory. Blockchain is tool to solve demands and unsolved problems in society.

Yes we have too many smart contract projects in crypto space and they still keep popping up, ETH is the first of its kind that's why it will remain the best, having new features or utility in smart contract can't beat old projects unless the old projects failed, there is something about oldy in crypto space if not BTC and ETH won't still be the 1st and 2nd on coinmarketcap today when many new coins have better features than them.

Harmony One has smart contracts, cross chain bridges, 2 seconds transaction speed, very high TPS capacity, is secure, decentralised but also backed by Coinmarketcap (who is on of validators) which is connected to Binance that will endorse it. This is the blockchain to rule them all.

Having a competition is good for development, so I think there will never be too many smart contracts.  The worst thing that can happen to development is stagnation.  Without competition, the project developer is not pressured to give their best and will settle with what is in their hand.  With competition, they are forced to think and be innovative.  So the more choices of smart contract platform the better of the user.  So, with that in mind, I always think that there is no such thing as too many smart contract platform.

multiple platforms with their own network further enrich and provide many options for the crypto market. Blockchain project developers can adapt to the exact needs of their projects.
market wants are always changing, and that has led to the emergence of a new ecosystem that triggers multiple platforms to meet those needs.
such as the problems experienced by ethereum related to expensive transaction fees and were overcome by the presence of BSC. as well as Polkadot and Polygon who were present to enliven this competition.
their long-standing development in the crypto market will continue. but those who are new, have to provide something profitable if they want to compete.

With more smart contract platform on the market mean the competition become higher and they will try to be number 1 platform by create more feature and benefits.This is good thing, because crypto users want to have high quality product with more advantages. Currently competitor of Ethereum want to solve is high fee and network problem, and if others project can make it, so user crypto will take advantages from it.

I would say creating a new blockchain is better than creating a token on existing blockchain because tokens don't have any real use case too, they are here for very short time and developers give up on their projects when they made enough money.

Creating a new blockchain may do more good things than bad, but obviously every blockchain is just copycat of bitcoin and other existing blockchain utility that is why they never had the success.

It is not uncommon to see new platforms appear and compete with each other. It is because the pull of the market has caused them to form platforms that try to exploit the weaknesses of their competitors to build independence, I am not too concerned about having a unified platform that is regulated there. And I think the current decentralization is interesting, when there are many platforms for us to choose from.

Personally yes, there are too many networks that provide Smart Contracts with use cases that are almost the same as other networks (Let's take the example Ethereum use case) with not too much improvisation but hey it is Open Source and while the Demand is still there, other new networks will continue to emerge, So we can not do anything and just enjoy the flow until the saturation point is reached.
Although I personally stated the above statement but I think there is still room for growth even though I don't know what, Maybe implementing it to an existing network is better than creating a new Network or forking Existing Networks Code.

I think it's difficult but it can be done and most of them only aim to take as much profit as possible and don't prioritize the progress of the project so more projects fail than survive because their goal is only that, instead of developing the project itself, but a good project and the bad will be seen its development over time. If someone manages to create a new successful project then there will be 100 clones of that project.

isn't that great? the more platforms will make the competition more fierce. and users who will benefit from this. they will compete to create a platform that is faster, cheaper, safer and more user-friendly. see today when erc20 network is getting very expensive, people have other alternatives like tron, DOT and BSC. if there is no other platform, this will not happen and the user can just accept it.

Basically, ethereum only is enough for us but the problem was getting started when it lacks of scalability and that was creating a lot of competitions between the developers to develop the scalable smartcontract.
These contract were having the same mechanism. It caused by the fact that those new developers got inspired from the ethereum smartcontract and they were expanding the basic code of smartcontract from ethereum.,

Saturated because there's too much but at the same time, competition is always good on its underlying market. That's why most new projects are choosing which shall benefit them and as well as their users upon transfers. With the problem that has existed in Ethereum even before, it had opened a lot of blockchain projects to have their own smart contracts which had added to the competition but still mostly stayed with Ethereum because it's the most used and common. Well, there's another tough competitor and gaining traction and that's the BSC.

I don't see any problem with having a lot of smart contracts as long as it will not have an effect to the market circulation. Well, it is still the most popular smart contracts will dominate the market.

Repetition and slight modifications. They will introduce lil bit of changes and will sell it as better than others. Everyone is free to introduce their project but the difference may come to the fact that not all of them can manage their developments and sustain their operations. This is where they can beat with each other. Like ETH, a lot are trying to beat their network, however, even if they have shortcomings, they maintain their top 2 position. Because eth development team is very solid and they have resources to innovate. Whereas, others are not that aggressive when it comes to their developments.

I don't think Cardano has smart contracts or they haven't been activated it yet,
Most of the so-called smart contracts are represented in the ability to create tokens and make exchanges, so we only need two or three main blockchain and the rest will be a repetition of previous ideas.
I also think that if we were able to create parallel contracts and the ability to make cryptocurrencies talk to each other and carry out transfers, the need for many tokens would end.

Regulation will end the speculation and therefore there will be no use for these tokens

This market is growing and seriously, the new BSC platform is a big game changer which we don't know will happen because we are too focused on ERC20 so I think we are still not saturated and we might see more smart contract platforms in the future as long as there's a need to be improve, someone will initiate a good project and we should always open to that because that's a good improvement.

^ There will be more projects that will arise because we are still exploring the blockchain system, everyone wants to bypass BTC capability but then until now, no one has been successfully doing it. A smart contract is a code that restored in the blockchain, even how many smart contracts can be created still useless because some of them are of no real use or it repeats to one another which is the same concept of this smart contract. Another reason is that people want always an adventure to always discover a new one.

Let's research both TPS and smart contracts. Smart contract is an old feature, but TPS can be increased. New projects must have something new or faster than others. Only a few years ago, Ethereum could handle the transaction, but now? For some research, every day we are getting new investors and users, where we need more TPS blockchain. Solana TPS over 29k maybe in the future this won't be enough for us. Sometimes we aren't all comfortable in one blockchain even if it's faster and at a low cost.

Day after day, I see new cryptocurrencies whose underlying blockchain networks have smart contract features. We already have Ethereum, Cardano, EOS, Binance Coin, Flow, Tron, Polkadot, and many other cryptocurrencies with smart contract functionalities. Sometimes I think we have too many smart contract platforms that would bring no real use cases in the mainstream world. Instead of creating a new smart contract platform, developers should focus on building within existing platforms to make crypto land a better place. Yet, developers' mindset is to make large profits in the least time possible by creating a new blockchain network from scratch.

What are your thoughts? Do you think the market is already saturated with too many smart contract platforms? Or is there still room for growth? What may be the cause for such an unprecedented increase in new blockchain networks with smart contract functionalities? Will this ramp up the competition in the crypto/Blockchain space? Or will it do more harm than good for established players like Ethereum and Binance Coin? Your input will be greatly appreciated. Thank you.