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