Bitcoin Forum

Made a mistake on the other thread due to only giving people 1 voting choice.
I have expanded that to 4. You can change you mind now too.


Which L1 smart contract / autonomous agents platform are you watching or backing right now.

Please state why if you are able. Which comes closest to solving the famous trilema dilemma  Smiley
Who would you say is worth watching from here?

Tps and scaling, decentralization and security, composability etc.

Please suggest any new ones or rising stars that I have missed out.

This is my first time seeing composability when comparing different chains. You should probably add "decentralization" as part of the criteria since it's what most old school crypto enthusiasts usually look for from my own observation. Another factor is interoperability.

ETH comes in last for tps and scaling but it probably leads on decentralization and security. I have to admit that I have no personal experience in other chains.

Where BSC? Too shame you did not add the second biggest (if not the biggest) platform. But from the list above ETH is the only correct choice. I was ETH hater in 2018 and it was my big mistake. I was like ... "there are many other, better, faster, cheaper projects. ETH will be flipped during next bubble. and faster better smart contract platform will be new TOP 2 CMC coin". Now I know its not about tech here. Every project is just an open source code that can be copied and used by others. So if for example elrond is much better than ETH in every possible way, what would stop ETH from implementing its tech in next forks? Nothing.
In the end of the day its all about people who back project (devs and community devs), community, amount of money project have, infrastructure and userbase. Thats why bsc needed only few months to outperform ETH 5 times in terms of  TX/day. because its backed by the richest company in crypto (binance), is compatible with ETH (use ETH infrastructure, wallets, swaps, projects can copy/paste its code to move to BSC)

BTC, ETH, BNB - the only choice.

Thanks, yes that is a good point. I will add decentralization to the OP.

I will also add binance smart chain.

Please add any new ones that are close to main net or have already released.

You can go to coinmarketcap, add filters and sort out whatever you want:

https://i.imgur.com/QTNNl2a.png

And you end up with list off clost to 200 smart contract platforms.

Starting from ETH, ADA, AVAX, lINK, ALGO, xlm, VET all the way down to micro cap coins worth less than 1 mln $. If you want projects that yet not launched its chain just click on coin and check on which explorers its available. If its ETH only means that project has only etH placeholder while working on its own chain.

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 yet but its not like ETH is like it is and nothing will change it. They are about to launch 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 new 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. Network with unique nodes with equal voting power (1 person 1 vote) can easyli 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. Especially with micro caps. But if not buy ... you can always join and mine it. All you need is old pc or cheapest vps (3$ monthly). You pass test and mine.

When it comes to smart contracts, I prefer Ethereum. Because it has been tested for years, Ethereum smart contracts are worth keeping. But the latest version is BSC, due to low transaction fees. Although other smart contracts also come with low transaction fees, I am more interested in using BSC.