Topic: Which Blockchain, Platform, Ecosystem will be the Most Competitive for Eth 2.0? - page 2. (Read 368 times)

@FairUser

Hello there. You probably don't know who I am. I was trying to contact you but you don't accept PMs from Newbies here sadly.
Can you write a PM to me and unblock my PMs? I'll then explain everything else. Would be much appreciated.

Cheers

Can Binance Smart Chain increase decentralization over time too?

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

Will Ethereum 2.0 POS be decentralized like Eth POW?

Cheap fees, fast transactions can only happen in centralized blockchains correct?

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

I guess it's Solana.

With the reason being that both Binance Smart Chain as well as Solana are way more centralized than Ethereum if I didn't miss anything. As far as I understand Solana increases decentralization over time, but even then it probably is not as decentralized as Ethereum is and will be.

This doesn't mean that BSC and Solana aren't great platforms. In fact they are outstanding projects. Right now BSC is kicking it, there is no question about that and we will see what happens if Ethereum finally manages to scale. That is by far their biggest bottleneck.

If it's about competition, all the platforms OP suggested have that factor. However, the only competitors that I think are able to compete directly can only be Binance Smart Chain and Solana, both of which currently show useful features and solutions that ETH cannot yet have. But personally I still think ETH 2.0 will still lead and be the strongest altcoin in the crypto market.

If Ethereum 2.0 turns out what it claims to be then all those other blockchains on the list will die and go to $0 right? If so surely there must be a competitor to Eth like Pepsi is to Coca Cola or like Apple to Microsoft right?

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How much nodes Terra Luna has?

Lets say for example I create a new smart contract POS blockchain to compete with Ethereum 2.0 and release it tomorrow claiming to be the fastest, cheapest etc. Because my blockchain will be new then that means there's only 1 validator node and that is me correct? So from this example can we say that any newly released crypto blockchain is centralized from the beginning and it will takes years for the blockchain to mature to become more decentralized when the blockchain network grows with more nodes and validators joining it over time as long the blockchain doesn't become dead or unpopular correct?

From that note Bitcoin is centralized from the beginning right?

Lastly any new blockchain is not secure because of less nodes and validators meaning easier to hack right?

Can same be said with POS and POW blockchains?

[moderator's note: consecutive posts merged]

Those three were most decentralized smartcontract blockchain but i do believe if the answer might be ADA

- Polkadot has around 900 - 1100 validators

- Solana has 1000 - 1200 validators.

- Cardano has 1400 - 1500 validators

I were removing the rest caused by the marketcap will represent how much demand to run the validator/nodes.

Coming back here

- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Which ones are the most decentralized that is has lots and lots of nodes on the blockchain? Binance Smart Chain has only 21 Validators/nodes which looks really centralized.

Solana from his development is very good, and while others have a trend that briefly he actually rose 3x more than the previous price. It has a large community, optimal platform performance, DeFi, fast transactions and much more. If you choose like her solana is a great option if competing with ethereum.

A coin that can compete with ethereum?. probably binance, solana, near in my personal opinion. Because you know these coins becomes more interesting since the bear market especially binance wherein despite of the situation and some issues it's still useful nowadays and since the eth gas fees rapidly increasing as well it become so useful when it comes making transactions and etc. .

I have a question about Sidechains & Layer 2 solution for current Ethereum 1.0 PoW? Sidechains like Polygon Matic that helps ease the congestion off the Ethereum main chain resulting in cheaper fees.

The question is when Ethereum 2.0 PoS comes out early next year then will these Sidechains and Layer 2 Solutions will die off and become obsolete because they are not needed anymore because fees on Ethereum 2.0 PoS will be already cheap 

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In general, the fees on the Ethereum network are very affordable, although they are still more expensive than the fees on the Binance and Polygon networks, but in terms of the price of Ethereum which is already very expensive as it is today, the amount of transaction fees that must be incurred by people who make transactions is also affordable and not so expensive, I think so.

I think that everybody chooses something according to his tastes and needs. For example, small investors are likely to choose Binance Smart Chain with cheap transactions. Those who are crazy about NFTs are likely to choose Polygon as it is one of the leading platforms in this sphere now. Ethereum is for whales now, but I hope that with the launch of Ethereum 2.0. will become more affordable.

For example when it comes to video games consoles you got the playstations, xboxes and nintendos.

EVM means Ethereum virtual machine? So when you say NEAR is Ethereum compatible then does that mean for example lets a xbox disc game will work on a playstation? If that's the case then what's the point of buying all these game consoles when 1 console can play all those games?

For example Why should Microsoft make its exclusive 1st party games be compatible and run on its competitor console the Sony PlayStation? Wont this give Ethereum 2.0 a monopoly where no other blockchain has a chance of competing against it because these other blockchains giving users/investors incentive to stay on Ether?

Or is this the nature of decentralized open source cryptos where competition doesn't matter because its already out there in public open source  Like for example mcdonalds wont reveal its secret ingredients because its not open source but it has competitors like burger king, kfc, pizza hut and more. If that's the case then Cryptos will end up like the linux operating systems of the world where only 1% uses them and everyone else is using windows or mac os that are trying to capitalise the market.

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What's up with the Solana blockchain where everybody saying the chain got hacked or crashed where the solana team had to reboot/reset its network chain that caused it to go offline for several hours.

How is someone is able to reboot a decentralized network chain 

Its like somebody can cause bitcoin to go offline for several hours wth.

[moderator's note: consecutive posts merged]

You missed NEAR protocol and it's EVM compatible contract Aurora. Aurora scales Ethereum so they competitors because unlike sidechains like Polygon, Aurora uses Ethereum natively to pay gas fees. NEAR has it's own AMM with farming, Ref Finance, and Sushiswap will deploy on Aurora.

Polygon (MATIC) looks promising... And there are some other projects like Minter, TON Network. EOS also... If this project survives  
And Tron of course - I believe in this project.

Icon Foundation with ICX as its coin. Theres 2 DeFi that really useful at the platform recently, its Balanced and OMM.Finance, both are really useful for DeFi purpose, i imagine if theres will be more projects come to ICX platform, it will accumulate more marketcap and also increase the value of ICX itself. Also, its have Governance system which able you to vote on the blockhain.

Crypto experts say PoW is more secure than PoS so how Eth 2.0 which is PoS a winner for security?

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But isn't the Binance exchange getting a lot of shady reports from the press, regulators, governments recently? If these entities manage to bring down Binance, for example within couple months back UK has banned Binance, then will this result in BSC failing and collapsing?

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When you say compatible with source code with Eth do you mean it helps the current Eth 1.0 PoW like a sidechain assisting Eth 1.0?

But when Eth 2.0 PoS comes out then will these blockchains still be needed as assistance to Eth 2.0?

Or do you mean Eth 1.0 ERC20 projects will also work on Polygon and BSc for their cheaper fees?



[moderator's note: consecutive posts merged]

BSC was once touted the Ethereum Killer, and for sometime they have manage to get some projects to mover from ETH-BSC because of ETH's high fees. Not sure though what is the current picture since ETH just has another hard fork. But base on the price, ETH is still getting stronger, so most likely these so called killer can't really take out ETH. But it's good that we have such competitions for projects to chose which platform they want to use.