Post
Topic
Board Altcoin Discussion
Re: Poll - BATTLE of the L1 smart contract platforms. Who are you backing now ?
by
Tytanowy Janusz
on 19/09/2021, 11:35:55 UTC
Thanks very much, that's very useful actually.

I had no idea that so many L1 smart contract platforms were being released.

Now the only thing is to isolate any level 1 that can solve the trilema or at least optimally work within it.
Can any L1 scale to adequate tps whilst remaining decentralized and secure and maintain composability.

Even if they can could they ever take enough action from Eth to become dominant.


I would stick with ETH. It does not solve scalability issue but its not like ETH is like it is and nothing will change it. They are about to 2.0, they implement burning mechanism few weeks ago and now ETH become deflationary asset. I try to say that people buy shitcoins hoping to find "better ETH" forgetting that ETH is a "better ETH" with every update (fork).

But if you want to gamble a little finding new tech that tries to solve scalability issue without loosing decentralization ... take a look at IDENA. First proof of person coin. Each node is 1 person. Sybil resistance achieved by Turing test. Unique nodes with equal voting power (1 person 1 vote) it is easy to add sharding which divides the network into subnets scaling TXs - at least thats how I understand this.

Super low cap (10 mln $ marketcap) with 9000 uniqe nodes so its like x1000 opportunity but ... as always ... high risk.