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Title: Is there room for multiple blockchains in the long run ? Post by: croTek4 on October 12, 2017, 08:30:52 AM Hello there !
I was wondering about the amount of blockchain there is on the market: there is more than 500 cryptocurrencies on the market, and we all know it: some of theses are gonna fall. My question is: do you guys think that, in the long run (2+ year horizon), we will have more than one "big" blockchain such as Bitcoin ? Why would we need more than one blockchain, when Ethereum can accomplish so many things on its own ? To me, there won't be more than 10 significant blockchains; 20, tops. Tell me what you think :) Title: Re: Is there room for multiple blockchains in the long run ? Post by: davis196 on October 12, 2017, 10:20:54 AM Hello there ! I was wondering about the amount of blockchain there is on the market: there is more than 500 cryptocurrencies on the market, and we all know it: some of theses are gonna fall. My question is: do you guys think that, in the long run (2+ year horizon), we will have more than one "big" blockchain such as Bitcoin ? Why would we need more than one blockchain, when Ethereum can accomplish so many things on its own ? To me, there won't be more than 10 significant blockchains; 20, tops. Tell me what you think :) Why do you care about this?I don`t care if there are 2 or 20 blockchains.Maybe the more blockchains the better,because this would create some competition and the most efficient and secure blockchain will handle most of the transactions.Anyway,i don`t think that the bitcoin core blockchain domination will be challenged. Title: Re: Is there room for multiple blockchains in the long run ? Post by: croTek4 on October 14, 2017, 09:48:45 AM Therés a lot differences between 2 and 20 blockchain, really... it just comes down to market shares, it's not healthy for the market to be concentrated at the same place, thŕts why I'm concerned.. ^^
Plus, it would be way harder to invest in such a plagued market. To me, there's a good diversification of the market theses days, I am just hoping for it to keep going like that. I find it convenient to have different block chains, depending on which are your hopes and expectations, and uses, of course. Plus, it could lead to specialization, like, some block chains will be way more efficient at handling certain types of trafic, and that would settle the market shares :) Title: Re: Is there room for multiple blockchains in the long run ? Post by: 7jaka7 on October 14, 2017, 10:03:38 AM IMO multiple blockchains must exist in order to work good. We have many forms of assets (cash, gold, food, house, precious stones, diamonds, silver...) Every asset is giving us different things. I would say that bitcoin will really work like digital gold, while for everyday payment we will use altcoins. We can say that even scaleability problem is solved with multiple blockchains. And after all DECENTRALIZATION is one of the main parts of cryptocurrencies. So why would we all use one blockchain which makes everything a bit more centralized.
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