I recently joined the Cosmos community, and they dare to say that smart contracts like BSC, Solana, Matic and others will be left behind because most of these projects end up being scams. unlike Cosmos which has L1 which not just anyone can make tokens like smart contracts.
what do you think about this claim?
their approach is good, because then in their network there will be only decent tokens. unlike other networks, it is very easy to make shit tokens without needing to be verified. but for decentralization, it's bad. there is no freedom in their network, and there will be a lot of people who don't like this.