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

[Abiky]

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 

Yes. ETH 2.0 will make Ethereum less decentralized. But it will still be a far better choice than DPoS platforms like EOS and TRON. ETH 2.0 will even be more decentralized than Binance Chain itself. Polygon (MATIC) is a Layer-Two platform, so it takes all of the security of the main ETH blockchain. It's not a separate blockchain network like Cardano or the ones mentioned before. This will make Polygon as decentralized as Ethereum itself. I wouldn't classify it as a direct competitor of ETH 2.0, simply because it's a sidechain. There isn't any contender that will outmatch ETH's security, reliability, and decentralization/censorship-resistance. As long as this is the case, ETH will remain as the leading smart contract platform on the market. Just my opinion

[very_452001]

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 

Yes. ETH 2.0 will make Ethereum less decentralized. But it will still be a far better choice than DPoS platforms like EOS and TRON. ETH 2.0 will even be more decentralized than Binance Chain itself. Polygon (MATIC) is a Layer-Two platform, so it takes all of the security of the main ETH blockchain. It's not a separate blockchain network like Cardano or the ones mentioned before. This will make Polygon as decentralized as Ethereum itself. I wouldn't classify it as a direct competitor of ETH 2.0, simply because it's a sidechain. There isn't any contender that will outmatch ETH's security, reliability, and decentralization/censorship-resistance. As long as this is the case, ETH will remain as the leading smart contract platform on the market. Just my opinion

Will Eth 2.0 be more decentralized than Cardano?

Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?

[Abiky]

Will Eth 2.0 be more decentralized than Cardano?

Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?

Can't tell for sure whenever ETH 2.0 will be more decentralized than Cardano or all the other way around. I'd say they're neck-and-neck when it comes to achieving security and reliability. Cardano is backed by academic research, so there's that. According to the developer team, the Ouroboros PoS consensus aims to achieve scalability and cost-efficiency without sacrificing decentralization. We're going to have to wait until ETH 2.0 is launched in order to test both blockchain networks' level of decentralization.

As far as hard forks are concerned, ETH 2.0 will consist of a multi-tiered launch process. Ethereum will become a hybrid coin first (PoW and PoS) until the network fully transitions into PoS (which is ETH 2.0). Polygon won't become obsolete simply because it's a sidechain with its own network architecture. After all, Polygon relies on the main ETH blockchain for security. The launch of ETH 2.0 is inevitable, so the best thing other projects can do is to adopt the latest trends in the crypto/Blockchain space in order to avoid being left behind in the dust.

[very_452001]

Will Eth 2.0 be more decentralized than Cardano?

Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?

Can't tell for sure whenever ETH 2.0 will be more decentralized than Cardano or all the other way around. I'd say they're neck-and-neck when it comes to achieving security and reliability. Cardano is backed by academic research, so there's that. According to the developer team, the Ouroboros PoS consensus aims to achieve scalability and cost-efficiency without sacrificing decentralization. We're going to have to wait until ETH 2.0 is launched in order to test both blockchain networks' level of decentralization.

As far as hard forks are concerned, ETH 2.0 will consist of a multi-tiered launch process. Ethereum will become a hybrid coin first (PoW and PoS) until the network fully transitions into PoS (which is ETH 2.0). Polygon won't become obsolete simply because it's a sidechain with its own network architecture. After all, Polygon relies on the main ETH blockchain for security. The launch of ETH 2.0 is inevitable, so the best thing other projects can do is to adopt the latest trends in the crypto/Blockchain space in order to avoid being left behind in the dust.

So there's no hard fork and Eth 1.0 POW will change into Eth 2.0 POS in stages?

The purpose of Eth 2.0 is cheaper fees because current Eth 1.0 gas fees are killing everybody, on that note if Eth 2.0 will have cheap gas fees then why the need to use Polygon for cheap fees when Eth 2.0 already has cheap fees