What would the ideal cryptocurrency ecosystem be like?

[Republikcoin.com]

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?

What should the ideal world be like?

FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.

[1714092223]

1714092223

[Masyudhi]

the competition will continue. there will always be good and bad. we always judge everything by the achievements that occur in the market. we can give our own judgment.
but I'm thinking about how to divide the functionality of the smart contract according to the function and purpose of the project. like, what the platform will be made for.
when this happens, the cheapest and fastest will be the most adopted. most importantly, the volume of supported DEX exchanges.

[killerfrost]

I doubt this, as one way of looking at it, I see that it is inevitable. The life we ​​want is a freedom and no control, but I think this will be hard to come by because of the trust to get it, so there will always be many choices for us and There won't be one thing that unifies everything.

[TheUltraElite]

It is comparable to a democratic society. One does not have absolute control and they do not dictate what others will do, I consider that as a healthy co-existential system.

Ideally governments would allow crypto trading freely and observe transactions to catch money launderers. Altcoin or no altcoin does not change the ideals, they are only methods to use crypto and people are free to use them.

However, if your target is to make a profit from the market, then either smart contracts or DeFi will not help you. One needs to put their money in bitcoin and the top few altcoins and keep them stockpiled for future selling. That is the best method to profit. Hence the "ecosystem" gets skewed towards bitcoin for the ones who will survive for long.

[semobo]

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?

What should the ideal world be like?

FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.

There are lot of blockchain available apart from ethereum and Binance smart chain like Tron, EoS, etc. But all these platforms claims that they are better than the others and mostly the bitcoin while the projects created using these platforms are turning out to be scam everyday which itself a disadvantage of those coins.

[mrdeposit]

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?

What should the ideal world be like?

BTC leads the crypto market, not ETH or BNB. But, if you ask that any project can replace it, surely yes. From the past to the present many projects have come and gone, maybe one day ETH or BNB will be one of them.
But, I have no idea about BTC. It has been with us for a long time and will remain king as long as there is no fundamental change in this market.

FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.

Because google uses your data as it wants.

[_MrTuyul404]

Ethereum represents the natural evolution of the crypto ecosystem. Bitcoin came along and provided a proof of concept that an economy made up of virtual currencies could exist without a centralized intermediary (such as a central bank). While Ethereum demonstrates that you can use this “no centralized intermediary” model and apply it to other transactions, such as legal or professional contracts. Then came the term smart contract.
The conclusion is that Ethereum has the potential to democratize virtual currencies. And with so many potential applications, the underlying ETH token could easily beat Bitcoin's profits in the long term.

[pinoycash]

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?

What should the ideal world be like?

FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.

There's no ideal blockchain, Both network can co-exist. I don't think there's a real competition between the two since they almost share the same user base. But i prefer to use BSC due to low fee's, but once ETH switch to POS it will be a different scenario.

[Coin_trader]

Fast and Has Good security.


For me this is the criteria that's essential for blockchain. Many Blockchain Project right now are competing each in terms of TPS but some of them are showing some lack of security that resulting on there system breach. For me if blockchain has this to main key characteristics, They can completely dominate the market.

[kidbounty]

the crypto market can never be ideal, because there will always be competition. there are no leaders, there are only popular platforms or not. Google can be number one because of where it has a monopoly, and that can't be done in the crypto market. all have freedom, because the nature of crypto is decentralized.

[adzino]

Does ecosystem even exist in the crypto currency world? What exactly do you even mean by ecosystem over here?

We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.

And that's a good thing, isn't it? More competition means more development. If there was no competition at all, we would just see one platform leading and probably monopolizing everything. If they didn't had any competition, they wouldn't want to add/develop anything on their existing platform. This is true for everything.

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).

People have opinions and preferences. One might like Ethereum, others might like Binance. They all have their valid reasons and to each their own. None of the system us perfect though. Each will have or has their own flaws.

[Republikcoin.com]

^ So? There are no ideal conditions for the world of cryptocurrencies?
All platforms just have to continue to compete to be the best by keeping up with technological developments as well as human needs?
Is this fun?

[cryptoaddictchie]

The ideal ecosystem so far is the ethereum network but we can see that binance smartchain also advancing with this. There are also some other contender or in the pipeline aside from these two. I am rooting for avalanche and fantom network too and I can see a alight boost on their expanaion and development.

Also in the last league we can see polygon or matic as improving the fastest. We can see many expand their ecosystem on polygon and thats not shocking cause they really show how efficient their platform.

[Ararbermas]

There will always a competition in crypto space that's why a lot of people here who believed that the project is good preferred to compete to others no matter what the situation is.. Especially right now wherein mostly cryptocurrency were down so for sure there's a race just to survive the red wave in the market.. And the funny things is they're insulting as well and it seems unprofessional ways. Lol

[TravelMug]

I don't think there will be a ideal cryptocurrency ecosystem because:

(1) the market is open for everyone 24x7, decentralised, no central authority

(2) Lots of buyers and sellers in the market, so others might lose their money, but majority will profit.

So for me, you can define the market as total chaos, but on the other hand each and everyone can developed their own strategy (might be including shilling, scams and others)., but in the end its really up to us to do our best and put forward a good game plan.

[sunsilk]

A real community that can be physically found for which the currency is cryptocurrencies, at least those top coins or high volume and liquidity that can be used as payment for that certain place for goods and services that are existing on that place.

That's a dream come true where everyone can spend their cryptos to pay for everything that they want. There might be some limitation on what are the only cryptos that are accepted but that's normal just as what we're doing.

[Ucy]

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?

What should the ideal world be like?

FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.

Very interesting question.

In the world where no one can be trusted, everyone should be bounded by good/right/fair Rules and the rules become the ruler. You'll need good judges/leaders that follow the good rules and are able to guide others based on the rules. Everyone in the network will have copies of the rules and use that to put the leaders in checks if they try to transgress. In truly decentralized network ,the leader will always be held accountable once the law is broken. And leaders are selected/elected based on merit.
You can always randomize(and also Anonimize) the leaders to keep them safe to make things hard for corrupt people or crooks to influence

[MadeMen]

Crytocurrency ecosystem is still in development stage. Most times we feel something new is the best, only for them to be overshadowed by better technology. The advancement in the industry is superb and it would be unwise to set up an ideal standard when we're dealing with the issue of rapid obsolescence.

[tyz]

What should the ideal world be like?

There are enough platforms that have a number of good features, but none really has all the good ones combined. Basically, four characteristics are important: low fees, highly scalable, decentralized and a fair distribution of coins/tokens. For the latter, one would have to develop a consensus that does not favor the stronger one.

[sapnu]

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?

What should the ideal world be like?

FYI: Google is the ruler of the internet, and there are people who agree with what he is doing, but there are also those who don't.

An ideal cryptocurrency ecosystem is not something we can make possible. Learn that no matter how perfect we want it to be, there will always be flaws to the system. Even with the world's monetary system, it is far from what people are wanting yet we learned to cope up and ride with it each and everyday. The same thing should happen with crypto, no matter how settled and well-developed the coins already are, there will still be others left behind which commits failures and downfalls. Crypto would function well with or without an ideal ecosystem and it has been like that for a long time already.