Which Blockchain, Platform, Ecosystem will be the Most Competitive for Eth 2.0?

very_452001

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Quote from: Abiky on November 17, 2021, 08:56:13 AM

Quote from: very_452001 on November 16, 2021, 07:02:26 PM

Will Eth 2.0 be more decentralized than Cardano?

Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?

Can't tell for sure whenever ETH 2.0 will be more decentralized than Cardano or all the other way around. I'd say they're neck-and-neck when it comes to achieving security and reliability. Cardano is backed by academic research, so there's that. According to the developer team, the Ouroboros PoS consensus aims to achieve scalability and cost-efficiency without sacrificing decentralization. We're going to have to wait until ETH 2.0 is launched in order to test both blockchain networks' level of decentralization.

As far as hard forks are concerned, ETH 2.0 will consist of a multi-tiered launch process. Ethereum will become a hybrid coin first (PoW and PoS) until the network fully transitions into PoS (which is ETH 2.0). Polygon won't become obsolete simply because it's a sidechain with its own network architecture. After all, Polygon relies on the main ETH blockchain for security. The launch of ETH 2.0 is inevitable, so the best thing other projects can do is to adopt the latest trends in the crypto/Blockchain space in order to avoid being left behind in the dust.

So there's no hard fork and Eth 1.0 POW will change into Eth 2.0 POS in stages?

The purpose of Eth 2.0 is cheaper fees because current Eth 1.0 gas fees are killing everybody, on that note if Eth 2.0 will have cheap gas fees then why the need to use Polygon for cheap fees when Eth 2.0 already has cheap fees Huh

Abiky

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Quote from: very_452001 on November 16, 2021, 07:02:26 PM

Will Eth 2.0 be more decentralized than Cardano?

Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?

Can't tell for sure whenever ETH 2.0 will be more decentralized than Cardano or all the other way around. I'd say they're neck-and-neck when it comes to achieving security and reliability. Cardano is backed by academic research, so there's that. According to the developer team, the Ouroboros PoS consensus aims to achieve scalability and cost-efficiency without sacrificing decentralization. We're going to have to wait until ETH 2.0 is launched in order to test both blockchain networks' level of decentralization.

As far as hard forks are concerned, ETH 2.0 will consist of a multi-tiered launch process. Ethereum will become a hybrid coin first (PoW and PoS) until the network fully transitions into PoS (which is ETH 2.0). Polygon won't become obsolete simply because it's a sidechain with its own network architecture. After all, Polygon relies on the main ETH blockchain for security. The launch of ETH 2.0 is inevitable, so the best thing other projects can do is to adopt the latest trends in the crypto/Blockchain space in order to avoid being left behind in the dust.

very_452001

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Quote from: Abiky on November 15, 2021, 08:16:58 PM

Quote from: very_452001 on November 11, 2021, 05:27:40 PM

Okay how decentralization compares between current Eth 1.0 POW and Eth 2.0 POS? Will Eth 2.0 POS make Eth less decentralized?

For example Bitcoin is decentralized but cannot be scaled on the main btc chain unless it becomes centralized. However the lightning network adds scalability to bitcoin on a like a layer 2 sidechain which is centralized but doesn't risk the decentralization of the main bitcoin blockchain.

Polygon Matic is similar like this to current Eth 1.0 POW right? But you saying Matic is decentralized by itself, how Huh

Yes. ETH 2.0 will make Ethereum less decentralized. But it will still be a far better choice than DPoS platforms like EOS and TRON. ETH 2.0 will even be more decentralized than Binance Chain itself. Polygon (MATIC) is a Layer-Two platform, so it takes all of the security of the main ETH blockchain. It's not a separate blockchain network like Cardano or the ones mentioned before. This will make Polygon as decentralized as Ethereum itself. I wouldn't classify it as a direct competitor of ETH 2.0, simply because it's a sidechain. There isn't any contender that will outmatch ETH's security, reliability, and decentralization/censorship-resistance. As long as this is the case, ETH will remain as the leading smart contract platform on the market. Just my opinion

Will Eth 2.0 be more decentralized than Cardano?

Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?

Abiky

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Quote from: very_452001 on November 11, 2021, 05:27:40 PM

Okay how decentralization compares between current Eth 1.0 POW and Eth 2.0 POS? Will Eth 2.0 POS make Eth less decentralized?

For example Bitcoin is decentralized but cannot be scaled on the main btc chain unless it becomes centralized. However the lightning network adds scalability to bitcoin on a like a layer 2 sidechain which is centralized but doesn't risk the decentralization of the main bitcoin blockchain.

Polygon Matic is similar like this to current Eth 1.0 POW right? But you saying Matic is decentralized by itself, how Huh

Yes. ETH 2.0 will make Ethereum less decentralized. But it will still be a far better choice than DPoS platforms like EOS and TRON. ETH 2.0 will even be more decentralized than Binance Chain itself. Polygon (MATIC) is a Layer-Two platform, so it takes all of the security of the main ETH blockchain. It's not a separate blockchain network like Cardano or the ones mentioned before. This will make Polygon as decentralized as Ethereum itself. I wouldn't classify it as a direct competitor of ETH 2.0, simply because it's a sidechain. There isn't any contender that will outmatch ETH's security, reliability, and decentralization/censorship-resistance. As long as this is the case, ETH will remain as the leading smart contract platform on the market. Just my opinion

very_452001

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Okay coming back here to discuss lightning network for Bitcoin? Can lighting network offer smart contracts on bitcoin? If so then why isn't there a lightning network LN Token or Coin that btc users buy to use the lightning facilities?

There's a Polygon Matic Token for Ethereum that Eth users must buy to use Polygon facilities Huh

very_452001

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Quote from: Abiky on November 11, 2021, 06:40:26 AM

Quote from: very_452001 on September 14, 2021, 10:47:27 AM

In lets say the next Bear Market within a year or two.

- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?

What's up with Binance Chain & Binance Smart Chain Huh

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?

Which blockchain is the Fastest, Cheapest, Most Secure Cool

? Usually this determines the winner right? Forgot to include most decentralized too, this factor is the most important over speed and fees for safety and security

You can't have decentralization and scalability at the same time. You'd just to sacrifice one or the other in order to meet the needs of certain people. If you're looking for the most decentralized alternative to ETH, then Polygon (MATIC) is the answer. Fees are dirt cheap and confirmation times are blazing fast. I'm not aware of any other platform that is decentralized and cheap to use as Polygon (MATIC) itself. But it's far from "killing" ETH, simply because it lacks a wide ecosystem of dApps and tokens around it. ETH 2.0 will only solidify Ethereum's position on the market, leaving the rest of the other coins in the dust. There's really no competitor that could outmatch Ethereum's decentralization and censorship-resistance. People will decide which blockchain network to use depending on their needs. As long as decentralization prevails, nothing else matters. Just my opinion

Okay how decentralization compares between current Eth 1.0 POW and Eth 2.0 POS? Will Eth 2.0 POS make Eth less decentralized?

For example Bitcoin is decentralized but cannot be scaled on the main btc chain unless it becomes centralized. However the lightning network adds scalability to bitcoin on a like a layer 2 sidechain which is centralized but doesn't risk the decentralization of the main bitcoin blockchain.

Polygon Matic is similar like this to current Eth 1.0 POW right? But you saying Matic is decentralized by itself, how Huh

Abiky

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Quote from: very_452001 on September 14, 2021, 10:47:27 AM

In lets say the next Bear Market within a year or two.

- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?

What's up with Binance Chain & Binance Smart Chain Huh

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?

Which blockchain is the Fastest, Cheapest, Most Secure Cool

? Usually this determines the winner right? Forgot to include most decentralized too, this factor is the most important over speed and fees for safety and security

You can't have decentralization and scalability at the same time. You'd just to sacrifice one or the other in order to meet the needs of certain people. If you're looking for the most decentralized alternative to ETH, then Polygon (MATIC) is the answer. Fees are dirt cheap and confirmation times are blazing fast. I'm not aware of any other platform that is decentralized and cheap to use as Polygon (MATIC) itself. But it's far from "killing" ETH, simply because it lacks a wide ecosystem of dApps and tokens around it. ETH 2.0 will only solidify Ethereum's position on the market, leaving the rest of the other coins in the dust. There's really no competitor that could outmatch Ethereum's decentralization and censorship-resistance. People will decide which blockchain network to use depending on their needs. As long as decentralization prevails, nothing else matters. Just my opinion

very_452001

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Quote from: Yogee on November 09, 2021, 06:10:17 PM

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Quote from: very_452001 on November 08, 2021, 03:42:37 PM

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

Which ones are not live yet?

Quote from: TimeTeller on November 09, 2021, 06:12:54 PM

Quote from: Yogee on November 09, 2021, 06:10:17 PM

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Quote from: very_452001 on November 08, 2021, 03:42:37 PM

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

Hard to compare if some of them are just starting to attract projects.
Because you can only test the credibility of the chain once they are really doing tons of work.
So right now, even if there are comparison tables that you will encounter, for me, it is not valid.
You can only prove that they can deliver once their network is also congested and if they will not fail.

So we have to wait for the next bull market in 4-5 years to find out?

Quote from: adzino on November 09, 2021, 07:30:15 PM

Quote from: very_452001 on November 03, 2021, 10:47:10 AM

Can Binance Smart Chain increase decentralization over time too?

I don't think that is ever going to happen. The most weird part is, no one cares that the whole chain is somewhat centralized.

Quote from: very_452001 on November 03, 2021, 10:47:10 AM

These alt blockchains may seen cheap, fast and great right now but are they are truly decentralized?

Which altcoin blockchain exactly are you talking about? People say that Solana is not actually truly decentralized. At least not now, but will eventually become as more validators join the network. Cardano claims to have achieved 100% decentralization.

Quote from: very_452001 on November 03, 2021, 10:47:10 AM

Quote from: vabchgent on November 02, 2021, 05:07:55 PM

When Eth 2.0 comes out and people leave Solana for Eth 2.0 then how can Solana grow in decentralization then?

By the time Ethereum network fully upgrades to ETH 2.0, Solana will grow and take over enough supporter for it to survive the market. Why do we have to compare ethereum with solana or ada? They all can coexists without issue.

What test a blockchain must pass to claim the 100% decentralization status?

I don't think multiple smart contract blockchains can coexist unless they are compatible with each other that is a single smart contract that is compatible with all blockchains. For example can I borrow $1000 USDT against my Cardano collateral on a smart contract on the Eth blockchain yet pay cheap Solana fees?

[moderator's note: consecutive posts merged]

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Quote from: very_452001 on November 03, 2021, 10:47:10 AM

Can Binance Smart Chain increase decentralization over time too?

I don't think that is ever going to happen. The most weird part is, no one cares that the whole chain is somewhat centralized.

Quote from: very_452001 on November 03, 2021, 10:47:10 AM

These alt blockchains may seen cheap, fast and great right now but are they are truly decentralized?

Which altcoin blockchain exactly are you talking about? People say that Solana is not actually truly decentralized. At least not now, but will eventually become as more validators join the network. Cardano claims to have achieved 100% decentralization.

Quote from: very_452001 on November 03, 2021, 10:47:10 AM

Quote from: vabchgent on November 02, 2021, 05:07:55 PM

When Eth 2.0 comes out and people leave Solana for Eth 2.0 then how can Solana grow in decentralization then?

By the time Ethereum network fully upgrades to ETH 2.0, Solana will grow and take over enough supporter for it to survive the market. Why do we have to compare ethereum with solana or ada? They all can coexists without issue.

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Quote from: Yogee on November 09, 2021, 06:10:17 PM

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Quote from: very_452001 on November 08, 2021, 03:42:37 PM

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

Hard to compare if some of them are just starting to attract projects.
Because you can only test the credibility of the chain once they are really doing tons of work.
So right now, even if there are comparison tables that you will encounter, for me, it is not valid.
You can only prove that they can deliver once their network is also congested and if they will not fail.

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We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Quote from: very_452001 on November 08, 2021, 03:42:37 PM

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

very_452001

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Quote from: TelolettOm on November 08, 2021, 04:53:10 PM

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

Everybody fed up with high gas fees on Eth 1.0 POW during bull markets hence why Ethereum wants to migrate to Eth 2.0 POS but in bear markets like you said that is the old current Eth 1.0 POW will have cheap gas fees anyway so Eth 2.0 is only good for cheaper gas fees in bull markets?

I'm just want to know the most decentralized blockchains for safety and security.

Can Eth 2.0 kill them all though? Polygon is useful for current Eth 1.0 POW so how can it survive and still be useful for the upcoming Eth 2.0 POS?

Quote from: jaberwock on November 09, 2021, 05:22:34 AM

Quote from: TelolettOm on November 08, 2021, 04:53:10 PM

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

Is the gas fee high right now? It is very high. Is the price broke ATH again? It did. That is proof that the power of ETH doesn't come from cheap gas fee, that would be lovely if it happened but the reality is that we are not really doing something that is strictly based on that. ETH 2.0 could come, it could make gas fee higher or lower and ETH would continue to be great.

The success of ETH comes from the projects based on its blockchain, the more projects there are in ETH blockchain the higher its price will be. For a while Axie alone itself didn't allow ETH to fall, and nowadays the NFT world grow to billions of dollars combined, in a situation like that, it is unthinkable to expect ETH to fall in price even with high gas fee.

How can gas fees be higher in Eth 2.0 POS Huh

Yeah I'm surprised of the success current Eth 1.0 POW is having, it goes to show people are willing to pay the high gas fees for nearly a year so if that's the case then why the need for Eth 2.0 POS then?

[moderator's note: consecutive posts merged]

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Quote from: TelolettOm on November 08, 2021, 04:53:10 PM

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

Is the gas fee high right now? It is very high. Is the price broke ATH again? It did. That is proof that the power of ETH doesn't come from cheap gas fee, that would be lovely if it happened but the reality is that we are not really doing something that is strictly based on that. ETH 2.0 could come, it could make gas fee higher or lower and ETH would continue to be great.

The success of ETH comes from the projects based on its blockchain, the more projects there are in ETH blockchain the higher its price will be. For a while Axie alone itself didn't allow ETH to fall, and nowadays the NFT world grow to billions of dollars combined, in a situation like that, it is unthinkable to expect ETH to fall in price even with high gas fee.

TelolettOm

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First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

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Quote from: cryptoslow90215 on November 03, 2021, 01:19:45 AM

I guess it's Solana. Cheesy

Not even by a long shot, no. While solana is a really good and fast layer 1 network ( not sure about the scalability after this: https://www.crowdfundinsider.com/2021/10/181570-what-to-learn-from-solanas-scalability-glitch/

Another important ingredient which I think is very important if we're to achieve our mass adoption goal is usability and high quality user experience and that's an area that Solana has failed horrible. I mean, interacting with Solana dapos is bad enough because you have to constantly leave Sollet or solfare wallets running and get taken to a new tab every time you try a transaction.

very_452001

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Okay is there a site comparing Solana to other blockchains? Like a comparison table.

Koro-Sensei

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Quote from: very_452001 on September 14, 2021, 10:47:27 AM

In lets say the next Bear Market within a year or two.

- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?

What's up with Binance Chain & Binance Smart Chain Huh

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?

Which blockchain is the Fastest, Cheapest, Most Secure Cool

? Usually this determines the winner right?

I'd say Solana. Aside from being No. 4 in world top Market Capitalisation, it has lots of offerings that is very similar to Eth and even much higher. BNB centralisation is a problem and could destroy your investment in no time. Solana in the other hand is one of the fastest blockchain out there having more transaction per second than any other top competitor. Its scalability is quite good too so there's no doubt that soon this gem would surpass BNB and can compete ETH dominance in the market.

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Quote from: very_452001 on September 14, 2021, 10:47:27 AM

In lets say the next Bear Market within a year or two.

- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?
Yes: EGLD

What's up with Binance Chain & Binance Smart Chain Huh

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?

Which blockchain is the Fastest, Cheapest, Most Secure Cool

? Usually this determines the winner right?

very_452001

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Anyone knows a website that compares all these different blockchains in terms of current decentralization?

Another question is does decentralization increases over time for any blockchain depending if it remains popular?

Judrob

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Quote from: very_452001 on September 14, 2021, 10:47:27 AM

In lets say the next Bear Market within a year or two.

- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?

What's up with Binance Chain & Binance Smart Chain Huh

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?

Which blockchain is the Fastest, Cheapest, Most Secure Cool

? Usually this determines the winner right?

Aside from BNB, Matic, ADA and XSN, currently my focus is on PAYB, the token of Paybswap, as it's still undervalued and holds so much growth potential:
- A DEX using lock and unlock contracts to perform cross-chain trades between BSC and ETH.
- NFT marketplace
- Liquidity farming
- Staking pool

Topic: Which Blockchain, Platform, Ecosystem will be the Most Competitive for Eth 2.0? (Read 415 times)