What would the ideal cryptocurrency ecosystem be like?

[aprilnot]

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?

I totally disagree, it's like a monopoly and very far from what blockchain technology is trying to achieve. and there is no ideal ecosystem in the crypto market because all will always be competing. there will be no leader who controls the ecosystem, all have an equal chance of being successful.

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[TWW]

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?

I totally disagree, it's like a monopoly and very far from what blockchain technology is trying to achieve. and there is no ideal ecosystem in the crypto market because all will always be competing. there will be no leader who controls the ecosystem, all have an equal chance of being successful.

what determines success is the market.
indeed there is no exact size but an ecosystem that thrives and is successful if they have more users than others.
We have seen how now projects that build or develop their ecosystem continue to grow. strives to be better and to be a solution to what the users of the existing ecosystem feel.
everything is determined by market interest.

[tyz]

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?

I totally disagree, it's like a monopoly and very far from what blockchain technology is trying to achieve. and there is no ideal ecosystem in the crypto market because all will always be competing. there will be no leader who controls the ecosystem, all have an equal chance of being successful.

Yes, I would agree in principle with the equal competition thing.

But, in the end, a few will prevail, maybe just one or two platforms. That's what the network effect brings in the long term. You can see that well in today's Internet giants. There is only one big social media platform (Facebook), only one big search engine (Google), only one big short messaging platform (Twitter), etc.

Sooner or later, the same thing will happen in the blockchain space.

[SquallLeonhart]

There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?

I always believe into new innovation to be incorporated everywhere so there are definite possibilities for new things to be invented in coming days which might be highly competitive to existing platforms for sure. At the same time this does not mean that will replace any of the existing system because for a payment and other speculative needs we are having something and if there is a need for something to be fixed then there would be plenty of possibilities for the arrival of new innovation.

Without problems, we cannot look for solutions; which is simply applicable even for this crypto space as well so first we need to look for problems and then we can simply find solutions; this way, we will be having more innovation in this crypto space in near future.

[beerlover]

We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?

I feel like we should not have just one thing that is full of everything perfect. I understand that ETH has an ecosystem, I can see Binance having their own, even tron has their own system as well and they are all fine. We should not look to have just one single thing that is better than everything else in every category, that is not really a good thing because it is eliminating competition.

We should have ecosystems where X is good and ecosystems where Y is good and that way we would have best in different places, and they will fight for your business and they will try to get investors by improving constantly, it is a non-stop thing, you improve one part and then you improve the next without stop. However the most important part of any ecosystem is to have many projects, if there is no interest towards it, it will become like tron where the ecosystem is not used at all, but if there is interest then it becomes like eth and bnb.

[TheUltraElite]

In my opinion, no ecosystem is ideal because all of them compete with each other to advance their respective platforms.

Correct, it is absurd to attempt to compare one with the other for the intention of proving one's own opinion correct. But they should be compared only on a case by case basis for ease of use.

Moreover, the crypto market is often monopolized by one person.

Any proof to back this claim? One person monopolizing is a centralized network is the opposite of what Bitcoin is. Bitcoin is decentralized and not all but most altcoins are also decentralized, at least the ones which came the first few in the coinmarketcap toplist.

Dont think that Satoshi control the network. The algorithm was created in a manner that anyone can use the network to transact and it would not be controlled by a single entity.

[thesosorr]

Must there be a leader?
Ethereum and Binance are examples you mentioned with the advantages of smart contracts (examples) without me having to compare them with others. Then, what happens to other coins on the market. As if I can clearly say that the market continues to be monopolized. Then how the ecosystem is good or ideal, maybe you know better than me.

[DOH!]

There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).

Apart from these two platforms and parameters, do you all agree if someone leads an ecosystem related to the world of blockchain and cryptocurrencies?

I think there is no need, between different blockchain platforms need independence. Build multilateral cooperative bridge chains - cross chains are good but don't need someone to dominate. It is too dependent.
Yes, can we trust Rsk Network with the Iris upgrade for smart contracts? The civilization of blockchain with bitcoin is always evolving, it is real value.

[Republikcoin.com]

Must there be a leader?

There is always competition here, so the worst possibility is that there will be a winner in the competition.
We certainly don't want to be monopolized by one actor, but if that happens do you want to stay here holding on to your idealistic mindset or choose to leave the world of cryptocurrencies?


Thanks for the response from all my friends in this forum.

[thesosorr]

There is always competition here, so the worst possibility is that there will be a winner in the competition.
We certainly don't want to be monopolized by one actor, but if that happens do you want to stay here holding on to your idealistic mindset or choose to leave the world of cryptocurrencies?


Thanks for the response from all my friends in this forum.

Not really. For me, idealistic mindset as you mean only applies to me. Regarding market monopoly, it is impossible for one actor to do it. Other actors are also involved. Competence in the cryptocurrency world should be a good example, so that it can only be said to be ideal.

[bittraffic]

Every platform has its own advantages just like ETH being the first to have come up with it but there are actually first before ETH but were not very successful. Bitshare I believe is just one and it's still pretty much in the market with a considerable volume. Because this is decentralized, you just can't prevent anyone from creating another which is why there are different ecosystems including that BSC, TRX, EOS, WAVES, and so on. ETH so far is the most dominating because there are far more developers dwelling on it.

[7788bitcoin]

I totally disagree, it's like a monopoly and very far from what blockchain technology is trying to achieve. and there is no ideal ecosystem in the crypto market because all will always be competing. there will be no leader who controls the ecosystem, all have an equal chance of being successful.

There are many projects that replicate the main core projects and there are many trying make it a monopoly like what Binance is doing replicating other projects and they are making a ton of money and they have the backing to do anything else and we need decentralized market place and projects and the market will determine which one will succeed and the future depends upon decentralized market.

[TelolettOm]

Maybe it's too naive if we expect the ideal market to be Crypto.
We know that the market Crypto is very volatile. Prices cannot be determined to just rise and continue to maintain and then go up again. There are times when the price suddenly drops very drastically only at a very fast time. Can we stop it? No, of course. Because there are various strengths and interests in the world of Crypto, just like in the real world. And this is what won't make the world of the Crypto Market ideal. But at least, we must take advantage of every Market Condition.

[RussianEnglishTranslation]

The easiest cryptocurrency for users is NEAR protocol, you can interact with smart contracts but you don't need Metamask.

[Brus123]

As for a small investor, scalability and, as a result, the cheapness of transaction fees is really important. Unfortunately, Ethereum is very expensive compared to other blockchains like Binance Smart Chain, Polygon, Tron etc. Nevertheless, it had other important features. It is decentralised and safe which is also very important. I strongly believe that Ethereum 2.0. will solve problems of scalability so it will be the ideal blockchain.

[MSN02]

The ideal ecosystem is one where everyone works together. Every secure project that has things that can benefit itself and others should work together to create one big world wide ecosystem that allows for everyone to get the best from all of the best blockchains. Blockchains should be working together, they should not be competing.

[glendall]

ideal crypto in my opinion
have guaranteed security,
Cheap withdrawal fees on exchanges or personal wallets
but that hope will somehow be realized due to the increasing number of crimes in crypto

[cryptobrzy]

The ideal cryptocurrency ecosystem in my opinion is the one where all cryptocurrencies are crosschained and can be easily converted to other cryptocurrencies based on their value which will be pegged against BTC. That way, it doesn't matter what coins you are holding, you will have liquidity as much as anyone else holding any other coins and the growth of projects will not just be easily influenced by what exchanges they are traded on but how good the projects are and the value that they offer

[magnum1010]

I haven’t learned all the ropes of Ethereum 2.0. Moreover we don’t know when exactly it is going to happen, but Vitalik Buterin states that  there are three main features: scalability, decentralisation and security, and all projects can have only two of them. So if Ethereum is safe and decentralised now, maybe it will not be so secure and decentralised in the future when it becomes more scalable.

[sirminesalot]

I haven’t learned all the ropes of Ethereum 2.0. Moreover we don’t know when exactly it is going to happen, but Vitalik Buterin states that  there are three main features: scalability, decentralisation and security, and all projects can have only two of them. So if Ethereum is safe and decentralised now, maybe it will not be so secure and decentralised in the future when it becomes more scalable.

He won't sacrifice those 2 main cores of cryptocurrency just in case to reach more scalability. I think he will enhance the security and also the speed of the transaction.
They also change the way to earn the coin to staking, i think people is more familiar with mining if we talk about cryptocurrency because the bitcoin itself people earn it from mining, this will be something that we have to wait and see the market approach in the future when ETH 2.0 launch.
But in conclusion they will provide a better system and environment for cryptocurrency space, and i'm sure the price of ETH will be higher also