Which Blockchain, Platform, Ecosystem will be the Most Competitive for Eth 2.0?

[vabchgent]

If it's about competition, all the platforms OP suggested have that factor. However, the only competitors that I think are able to compete directly can only be Binance Smart Chain and Solana, both of which currently show useful features and solutions that ETH cannot yet have. But personally I still think ETH 2.0 will still lead and be the strongest altcoin in the crypto market.

With the reason being that both Binance Smart Chain as well as Solana are way more centralized than Ethereum if I didn't miss anything. As far as I understand Solana increases decentralization over time, but even then it probably is not as decentralized as Ethereum is and will be.

This doesn't mean that BSC and Solana aren't great platforms. In fact they are outstanding projects. Right now BSC is kicking it, there is no question about that and we will see what happens if Ethereum finally manages to scale. That is by far their biggest bottleneck.

[cryptoslow90215]

I guess it's Solana.

[very_452001]

If it's about competition, all the platforms OP suggested have that factor. However, the only competitors that I think are able to compete directly can only be Binance Smart Chain and Solana, both of which currently show useful features and solutions that ETH cannot yet have. But personally I still think ETH 2.0 will still lead and be the strongest altcoin in the crypto market.

With the reason being that both Binance Smart Chain as well as Solana are way more centralized than Ethereum if I didn't miss anything. As far as I understand Solana increases decentralization over time, but even then it probably is not as decentralized as Ethereum is and will be.

This doesn't mean that BSC and Solana aren't great platforms. In fact they are outstanding projects. Right now BSC is kicking it, there is no question about that and we will see what happens if Ethereum finally manages to scale. That is by far their biggest bottleneck.

Can Binance Smart Chain increase decentralization over time too?

These alt blockchains may seen cheap, fast and great right now but are they are truly decentralized?

Will Ethereum 2.0 POS be decentralized like Eth POW?

Cheap fees, fast transactions can only happen in centralized blockchains correct?

When Eth 2.0 comes out and people leave Solana for Eth 2.0 then how can Solana grow in decentralization then?

[Thrian]

@FairUser

Hello there. You probably don't know who I am. I was trying to contact you but you don't accept PMs from Newbies here sadly.
Can you write a PM to me and unblock my PMs? I'll then explain everything else. Would be much appreciated.

Cheers

[Judrob]

In lets say the next Bear Market within a year or two.


- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?


What's up with Binance Chain & Binance Smart Chain  

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?


Which blockchain is the Fastest, Cheapest, Most Secure  ? Usually this determines the winner right?

Aside from BNB, Matic, ADA and XSN, currently my focus is on PAYB, the token of Paybswap, as it's still undervalued and holds so much growth potential:
- A DEX using lock and unlock contracts to perform cross-chain trades between BSC and ETH.
- NFT marketplace
- Liquidity farming
- Staking pool

[very_452001]

Anyone knows a website that compares all these different blockchains in terms of current decentralization?

Another question is does decentralization increases over time for any blockchain depending if it remains popular?

[StoreCoin]

In lets say the next Bear Market within a year or two.


- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?
Yes: EGLD

What's up with Binance Chain & Binance Smart Chain  

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?


Which blockchain is the Fastest, Cheapest, Most Secure  ? Usually this determines the winner right?

[Koro-Sensei]

In lets say the next Bear Market within a year or two.


- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?


What's up with Binance Chain & Binance Smart Chain  

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?


Which blockchain is the Fastest, Cheapest, Most Secure  ? Usually this determines the winner right?

I'd say Solana. Aside from being No. 4 in world top Market Capitalisation, it has lots of offerings that is very similar to Eth and even much higher. BNB centralisation is a problem and could destroy your investment in no time. Solana in the other hand is one of the fastest blockchain out there having more transaction per second than any other top competitor. Its scalability is quite good too so there's no doubt that soon this gem would surpass BNB and can compete ETH dominance in the market.

[very_452001]

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

[nelson4lov]

I guess it's Solana.

Not even by a long shot, no. While solana is a really good and fast layer 1 network ( not sure about the scalability after this: https://www.crowdfundinsider.com/2021/10/181570-what-to-learn-from-solanas-scalability-glitch/

Another important ingredient which I think is very important if we're to achieve our mass adoption goal is usability and high quality user experience and that's an area that Solana has failed horrible. I mean, interacting with Solana dapos is bad enough because you have to constantly leave Sollet or solfare wallets running and get taken to a new tab every time you try a transaction.

[TelolettOm]

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

[jaberwock]

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

Is the gas fee high right now? It is very high. Is the price broke ATH again? It did. That is proof that the power of ETH doesn't come from cheap gas fee, that would be lovely if it happened but the reality is that we are not really doing something that is strictly based on that. ETH 2.0 could come, it could make gas fee higher or lower and ETH would continue to be great.

The success of ETH comes from the projects based on its blockchain, the more projects there are in ETH blockchain the higher its price will be. For a while Axie alone itself didn't allow ETH to fall, and nowadays the NFT world grow to billions of dollars combined, in a situation like that, it is unthinkable to expect ETH to fall in price even with high gas fee.

[very_452001]

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

Everybody fed up with high gas fees on Eth 1.0 POW during bull markets hence why Ethereum wants to migrate to Eth 2.0 POS but in bear markets like you said that is the old current Eth 1.0 POW will have cheap gas fees anyway so Eth 2.0 is only good for cheaper gas fees in bull markets?

I'm just want to know the most decentralized blockchains for safety and security.

Can Eth 2.0 kill them all though? Polygon is useful for current Eth 1.0 POW so how can it survive and still be useful for the upcoming Eth 2.0 POS?

First of all, ETH will still survive, moreover in the bear market, commonly the gas fee will also decrease lower as in the previous bearish period.
And the competitors will be always like this. they cannot pass the Ethereum platform moreover to kill. The Ethereum platform is too high to pass.
And, for Etheruem itself, many new platforms like Binance Smart Chain, Polkadot, Solana, Polygon, and many other new platforms, will also still survive like usual. And Ethereum also will not kill them all.
It may be about choice, And as long as they can maintain their respective advantages, then they will survive even in bearish times.

Is the gas fee high right now? It is very high. Is the price broke ATH again? It did. That is proof that the power of ETH doesn't come from cheap gas fee, that would be lovely if it happened but the reality is that we are not really doing something that is strictly based on that. ETH 2.0 could come, it could make gas fee higher or lower and ETH would continue to be great.

The success of ETH comes from the projects based on its blockchain, the more projects there are in ETH blockchain the higher its price will be. For a while Axie alone itself didn't allow ETH to fall, and nowadays the NFT world grow to billions of dollars combined, in a situation like that, it is unthinkable to expect ETH to fall in price even with high gas fee.

How can gas fees be higher in Eth 2.0 POS 

Yeah I'm surprised of the success current Eth 1.0 POW is having, it goes to show people are willing to pay the high gas fees for nearly a year so if that's the case then why the need for Eth 2.0 POS then?

[moderator's note: consecutive posts merged]

[Yogee]

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

[TimeTeller]

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

Hard to compare if some of them are just starting to attract projects.
Because you can only test the credibility of the chain once they are really doing tons of work.
So right now, even if there are comparison tables that you will encounter, for me, it is not valid.
You can only prove that they can deliver once their network is also congested and if they will not fail.

[adzino]

Can Binance Smart Chain increase decentralization over time too?

I don't think that is ever going to happen. The most weird part is, no one cares that the whole chain is somewhat centralized.

These alt blockchains may seen cheap, fast and great right now but are they are truly decentralized?

Which altcoin blockchain exactly are you talking about? People say that Solana is not actually truly decentralized. At least not now, but will eventually become as more validators join the network. Cardano claims to have achieved 100% decentralization.

When Eth 2.0 comes out and people leave Solana for Eth 2.0 then how can Solana grow in decentralization then?

By the time Ethereum network fully upgrades to ETH 2.0, Solana will grow and take over enough supporter for it to survive the market. Why do we have to compare ethereum with solana or ada? They all can coexists without issue.

[very_452001]

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

Which ones are not live yet?

We should be comparing all these different chains once they are all live and preferably with hundred thousand on chain transactions. Eth 2.0 is privately tested by the Devs and maybe a small group but it's all theory as far as regular users like me is concerned.

Okay is there a site comparing Solana to other blockchains? Like a comparison table.

You probably cannot find a comprehensive table but I've seen some websites who claims they are the better chain with basic comparisons.

Hard to compare if some of them are just starting to attract projects.
Because you can only test the credibility of the chain once they are really doing tons of work.
So right now, even if there are comparison tables that you will encounter, for me, it is not valid.
You can only prove that they can deliver once their network is also congested and if they will not fail.

So we have to wait for the next bull market in 4-5 years to find out?

Can Binance Smart Chain increase decentralization over time too?

I don't think that is ever going to happen. The most weird part is, no one cares that the whole chain is somewhat centralized.

These alt blockchains may seen cheap, fast and great right now but are they are truly decentralized?

Which altcoin blockchain exactly are you talking about? People say that Solana is not actually truly decentralized. At least not now, but will eventually become as more validators join the network. Cardano claims to have achieved 100% decentralization.

When Eth 2.0 comes out and people leave Solana for Eth 2.0 then how can Solana grow in decentralization then?

By the time Ethereum network fully upgrades to ETH 2.0, Solana will grow and take over enough supporter for it to survive the market. Why do we have to compare ethereum with solana or ada? They all can coexists without issue.

What test a blockchain must pass to claim the 100% decentralization status?

I don't think multiple smart contract blockchains can coexist unless they are compatible with each other that is a single smart contract that is compatible with all blockchains. For example can I borrow $1000 USDT against my Cardano collateral on a smart contract on the Eth blockchain yet pay cheap Solana fees?

[moderator's note: consecutive posts merged]

[Abiky]

In lets say the next Bear Market within a year or two.


- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?


What's up with Binance Chain & Binance Smart Chain 

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?


Which blockchain is the Fastest, Cheapest, Most Secure  ? Usually this determines the winner right? Forgot to include most decentralized too, this factor is the most important over speed and fees for safety and security 

You can't have decentralization and scalability at the same time. You'd just to sacrifice one or the other in order to meet the needs of certain people. If you're looking for the most decentralized alternative to ETH, then Polygon (MATIC) is the answer. Fees are dirt cheap and confirmation times are blazing fast. I'm not aware of any other platform that is decentralized and cheap to use as Polygon (MATIC) itself. But it's far from "killing" ETH, simply because it lacks a wide ecosystem of dApps and tokens around it. ETH 2.0 will only solidify Ethereum's position on the market, leaving the rest of the other coins in the dust. There's really no competitor that could outmatch Ethereum's decentralization and censorship-resistance. People will decide which blockchain network to use depending on their needs. As long as decentralization prevails, nothing else matters. Just my opinion

[very_452001]

In lets say the next Bear Market within a year or two.


- Polkadot

- Binance Chain

- Binance Smart Chain

- Algorand

- Solana

- Fantom

- Cardano

- Synthetics

- Avalanche

- Terra

- Cosmos

- Polygon

Any other Popular ones that I missed out on?


What's up with Binance Chain & Binance Smart Chain  

Or will Eth 2.0 kill all above in the list? But then again Eth 2.0 is like Coca Cola Brand in the Crypto market so there's always a Pepsi like Brand competitor to Eth 2.0 right and if so which Blockchain do you think it will be?


Which blockchain is the Fastest, Cheapest, Most Secure  ? Usually this determines the winner right? Forgot to include most decentralized too, this factor is the most important over speed and fees for safety and security  

You can't have decentralization and scalability at the same time. You'd just to sacrifice one or the other in order to meet the needs of certain people. If you're looking for the most decentralized alternative to ETH, then Polygon (MATIC) is the answer. Fees are dirt cheap and confirmation times are blazing fast. I'm not aware of any other platform that is decentralized and cheap to use as Polygon (MATIC) itself. But it's far from "killing" ETH, simply because it lacks a wide ecosystem of dApps and tokens around it. ETH 2.0 will only solidify Ethereum's position on the market, leaving the rest of the other coins in the dust. There's really no competitor that could outmatch Ethereum's decentralization and censorship-resistance. People will decide which blockchain network to use depending on their needs. As long as decentralization prevails, nothing else matters. Just my opinion

Okay how decentralization compares between current Eth 1.0 POW and Eth 2.0 POS? Will Eth 2.0 POS make Eth less decentralized?

For example Bitcoin is decentralized but cannot be scaled on the main btc chain unless it becomes centralized. However the lightning network adds scalability to bitcoin on a like a layer 2 sidechain which is centralized but doesn't risk the decentralization of the main bitcoin blockchain.

Polygon Matic is similar like this to current Eth 1.0 POW right? But you saying Matic is decentralized by itself, how  

[very_452001]

Okay coming back here to discuss lightning network for Bitcoin? Can lighting network offer smart contracts on bitcoin? If so then why isn't there a lightning network LN Token or Coin that btc users buy to use the lightning facilities?

There's a Polygon Matic Token for Ethereum that Eth users must buy to use Polygon facilities