Don't we have too many smart contract platforms already?

[TWW]

Harmony One has smart contracts, cross chain bridges, 2 seconds transaction speed, very high TPS capacity, is secure, decentralised but also backed by Coinmarketcap (who is on of validators) which is connected to Binance that will endorse it. This is the blockchain to rule them all.

everything new must support an innovation that is interesting and indeed a solution that no other chain network has. Harmony has a good development. especially with the support of large projects cooperation. harmony is becoming a big project with its own smart contract. but it's still too new for them.

[inanilujimi]

I think if there are too many like this it will not be healthy for the market, because we now have many solutions with transaction fees and speed, but what happens is that ETH is still at the top of smart contract.
it is better if the new project makes good use of what is already in place rather than having to create another smart contract.

[BigBos]

I'm pretty sure the development of smart contracts for future projects will continue. their goal is to be big, and stand-alone, and to date, the mentioned coin is really a famous coin. however, I think a lot of people want to follow in the footsteps of ethereum or Binance, so it's only natural that they would create their own smart contracts as long as the opportunity arose.

[Bohdan820]

The market is still small on a global scale. Ethereum blockchain or cardano is not suitable for all tasks. A large abundance in the market will not be a problem, the market itself determines what is the value for it. However it is already clear that there are large coins and smaller ones.

[masterrex]

I Agree with that observation Mate, I believe that we have too many smart contracts platform in the market nowadays it all happens because they want to replicate the success of Ethereum that's why they are creating the same function and features the smart-contract services But on the other aspect some platforms are not settled to compete Ethereum because they want to dethrone Ethereum that's why they have created a much capable smart contract function with much faster transactions and cheaper fees compare to Ethereum that's the new trend today. 

[bittraffic]

I Agree with that observation Mate, I believe that we have too many smart contracts platform in the market nowadays it all happens because they want to replicate the success of Ethereum that's why they are creating the same function and features the smart-contract services But on the other aspect some platforms are not settled to compete Ethereum because they want to dethrone Ethereum that's why they have created a much capable smart contract function with much faster transactions and cheaper fees compare to Ethereum that's the new trend today. 

That is usually what they say that's why there's always a thread about ETH killer. The platforms have different features rivalling ETH but so far they aren't close to killing ETH.

Some platforms seem not trying to kill ETH but just wanted to give options for developers like the TRX and EOS which is obviously for projects developing dapps for gamblers and games. The 2 platforms fitting for these projects because of the small fee to make transactions. NEO and VET seem to be for the Chinese investors but does the same thing but offer another programming language.

[nakamura12]

Each platform have different purposes and that is why you have mentioned that. Some of it are made for gambling purposes like to use as one of the payment in their gambling platform. Some are creating for scam purposes and made some people think that it may come close to ETH like the other tokens or coins.

[affandi]

Each platform have different purposes and that is why you have mentioned that. Some of it are made for gambling purposes like to use as one of the payment in their gambling platform. Some are creating for scam purposes and made some people think that it may come close to ETH like the other tokens or coins.

other smart contracts will not be able to compete with Ethereum, even Binance Smart Chain (BSC) is still not able to approach the Ethereum Platform, we know now on the BSC platform there are a lot of scam tokens and a lot of tokens or coins that have no clear direction and innovation on the BSC platform.

[revilo]

Each platform have different purposes and that is why you have mentioned that. Some of it are made for gambling purposes like to use as one of the payment in their gambling platform. Some are creating for scam purposes and made some people think that it may come close to ETH like the other tokens or coins.

other smart contracts will not be able to compete with Ethereum, even Binance Smart Chain (BSC) is still not able to approach the Ethereum Platform, we know now on the BSC platform there are a lot of scam tokens and a lot of tokens or coins that have no clear direction and innovation on the BSC platform.

Those new platforms usually aren't launched with the serious intention to beat the established ones. The goal is to make a very quick buck on the reputation that has been built by legitimate projects. You see the same currently happening for all those decentralized exchanges that are announced left right and center. I don't even know how many DEX there are right now, but certainly a very high two figure number. For what?

[coin-investor]

Yes we really do have a lot of smart contract platforms already, but investors are wiser about what to support and what is not, they know what is a money-making scheme by the developers, only the best smart contract project will and can go on.
Developers keep creating and exploring new technology to enhance the use of Cryptocurrency and to make trading very easy and profitable.

[LogitechMouse]

~
What are your thoughts? Do you think the market is already saturated with too many smart contract platforms? Or is there still room for growth? What may be the cause for such an unprecedented increase in new blockchain networks with smart contract functionalities? Will this ramp up the competition in the crypto/Blockchain space? Or will it do more harm than good for established players like Ethereum and Binance Coin? Your input will be greatly appreciated. Thank you.

We might see too many smart contract platforms already but I expect to see more in the future .

With the platforms that the OP has posted, ETH and BSC are the most popular and Cardano still didn't released its Goguen Mainnet (that is where the smart contracts will arise in Cardano Blockchain). I think that there will still be room for growth in the future or at least some upgrades and new features. These platforms will make harm if they will make a platform just to scam people.

On the other hand, we might see more in the future but the likes of ETH and BSC will be on the top therefore they will be the ones that will be used the most.

[imstillthebest]

i cant say if we have too many because i only know those that are in your list and nothing more but others i guess are only a normal altcoin or a token without smart contract features .
 the reason why they created another than etherium is not only because of the profit but because they also want to help . eth has some problems but they solve it in the other crypto platform . same can go on a new crypto platform , it could have a problem and the newer one will solve it .

[Furryball]

Are you saying we don't need more? Let developers keep doing what they can in the process it can benefits, don't you know that talent is greater than talent? Just because we have many smart contract projects doesn't mean we aren't lacking in some areas

[smyslov]

Even if they are, investors are still looking and developers are still creating the Cryptocurrency industry is so huge that new innovation will be welcome here with open arms, so expect more smart contracts project to be created by developers and investors to invest, the Cryptocurrency is still moving forward and we are getting better, with these smart contract-based projects.

[aditasetia123]

Harmony One has smart contracts, cross chain bridges, 2 seconds transaction speed, very high TPS capacity, is secure, decentralised but also backed by Coinmarketcap (who is on of validators) which is connected to Binance that will endorse it. This is the blockchain to rule them all.

i am reecently added harmony as my portofolio. with all feature harmony have, i am sure it will be very big in market and possible to top 10 in coinmarketcap. with several partner which is have name in their part , there will alot important developtment that will deliver to harmony community.

[LordMiguel]

My view in all these development is that everyone is trying to find a means to make more money. remember that binance built its own blockchain. the BEP20 smart contract. currently, it looks as if binance has abandoned that platform after launching the BSC smart contract. the sole aim is to attract more investors with money but claims they solve issues using smart contracts and blockchain. i also think they will loose in the long term because we all know the real developer in smart contract. it is ETHEREUM.

[aprilnot]

for now yes, but not for the future. when crypto is already part of the mainstream, we need a new smartcontrac platform. if we just rely on the current platform, the problems that occurred in ethereum will repeat itself. where transactions become very dense and make fees expensive. after all the competition was very good. developers will find it easier to choose the platform they need and not be stuck on just one network.

[TastyChillySauce00]

New smart contract platform project usually aim to give a better speed and cheaper way of sending transaction, most of them are trying to repeat the same feat that Ethereum has achieved and that's true, there's too many smart contract platform already
I personally will prefer these developers to instead build a dapps or defi platform, not just copying the existing defi or dapps but creating another one that could make breakthrough, that's gonna be more useful than adding one more smart contract platform to
the crypto market in my opinion.

[Fundamentals Of]

There can never be too much of improvements. I think there are many smart contracts platforms because one is not offering something else. As a result, another is created. This is definitely more good than bad. It is always better to have a lot of options than just a handful.

Ethereum of course is the top platform and is the one that is used widely but there are definitely advantages which could be found in other smart contracts platforms that is not on Ethereum.

[jostorres]

What are your thoughts? Do you think the market is already saturated with too many smart contract platforms? Or is there still room for growth? What may be the cause for such an unprecedented increase in new blockchain networks with smart contract functionalities? Will this ramp up the competition in the crypto/Blockchain space? Or will it do more harm than good for established players like Ethereum and Binance Coin?

Well maybe it’s all needed, in every space there is always a competition like this. I have seen a lot of them and I always notice that they all have one thing they are doing better than the others. They find the fault with other projects and they try to fix that by having their own platforms. But that doesn’t make them better than the others, they all have one way or the other that they are lacking. They can’t be fully perfect.

If you look at Polkadot and Ethereum, you will see that there are lots of ways that Ethereum is better than it, and also Polkadot has ways that it can be better. As a developer you can’t have all, it’s up to you to decide what you think you can deal with and just go for that.