If a new blockchain drops today, how would it be in your opinion?

[prp-e]

Hello all.

I'm starting to post here after a very long time and well, in this long time a lot of unfortunate events happened to me and my country (personal problems and country problems attacked at once!) but now everything is back on track and I hope it stays the same.
However, I was watching an interview with the creator of TRON and it was a short one, but a question popped in my head. Ethereum, TRON, TON, Polygon and pretty much all of these blockchains have the same purpose with different literature and of course, different prices. Something deep inside my ADHD brain can't accept a lot of products with the same premise. Obviously they have their differences in technical sides, but I'm talking on behalf of a user, client or customer who usually doesn't care about technical stuff.
So if a new blockchain is being announced today, how would it be in your mind? Which features it could offer none of the others could offer yet? It can be anything. Like low fees on TRON or TON or ideas such as smart contracts which became real when Ethereum announced.

And let me be honest here and tell you why I ask this. With my skill of programming and people I have (and their skills and levels of dedication) creating Yet another ethereum wannabe is relatively easy. I am looking for a project like that in order to make an actual shift, and obviously the input from people who are wiser than me in the field helps a lot. This is why I opened this topic here and ask you about it.

P.S: I still haven't take any steps for this particular projects. I wait for inputs and then I start my research. Thanks.

[asriloni]

I would be ignoring with new blockchain unless it can give something that attract me such as airdrop. The new blockchain basically offer the same thing like the old blockchain did. I won't be stupid enough to believe with their self-claim to offer something different with the old one while the new blockchain is also forking the code from the old blockchain.

So what are we seeking from the blockchain? It's only how to send tx with cheap and fast confirmation, no more. An additional feature such as smartcontract has been a common feature owned by new generation blockchain after ethereum.

Running a blockchain is also not a profitable busines these days. The better you develop web3 application instead of creating a new blockchain.

Pushing people to go to the new blockchain ain't easy. We have also plenties of blockchains become a zombie chain because they have no users such as Eclipse, bera and etc. Why to complicate your job when you can make it much more simple?

[HiChain]

Hello

This is my first post here and I was mostly a reader.
Your topic title is interesting.

I am personally interested in participating in a new blockchain project, maybe to learn and gain some experience! Of course, I am not a professional programmer.

Your question, what would a new blockchain look like if it were to enter the market, is not a precise question. The precise question is, what would a blockchain with the potential for success look like?

These are basic expectations, and any blockchain that fails to meet these basic expectations will, if not fail, become more like the others:
Maybe the most important one is probably fair initial distribution
The blockchain should be executable in the long run by ordinary users and ordinary nodes
In general, starting and continuing 100% through the user community can be the best start.

I think no blockchain has yet been able to solve the real problem of online payments or micropayments.
Bitcoin has achieved a huge and undeniable success. But it has mistakenly become gold!

Some users, especially primary users, come to make a profit, and some other users come to conduct financial transactions like about their own business things. So if a new blockchain engages early adopters and has a goal for secondary adopters, it is probably on the right track. The profits of the initial users should be built on the shoulders of the secondary users who have real business and not on the subsequent users who just want to profit. This would be a vicious and failed cycle.

Ultimately, this success will be hard to come by and that is the million dollar question!

[MAAManda]

So if a new blockchain is being announced today, how would it be in your mind? Which features it could offer none of the others could offer yet? It can be anything. Like low fees on TRON or TON or ideas such as smart contracts which became real when Ethereum announced.

What we currently see in the features of blockchain projects is exactly what exists for the time being, there's no room to add new elements to them. Most L-1 projects are currently focused on scalability, racing to outdo one another, for instance Solana (SOL), Sui Network (SUI) & Aptos (APT). So, if you want to launch a new project, I think you could start by offering the TPS levels the industry desires without compromising on decentralization.

[HiChain]

What we currently see in the features of blockchain projects is exactly what exists for the time being, there's no room to add new elements to them. Most L-1 projects are currently focused on scalability, racing to outdo one another, for instance Solana (SOL), Sui Network (SUI) & Aptos (APT). So, if you want to launch a new project, I think you could start by offering the TPS levels the industry desires without compromising on decentralization.

In my opinion, increasing transaction speed with conventional methods that make the blockchain size heavy in the long run is effectively sacrificing decentralization, and this is a red ocean strategy that actually requires a lot of effort and has a low probability of success. Unless it really is, as you said, "without compromising decentralization."

[rat03gopoh]

I hope the new blockchain will no longer be financial incentive-oriented, but will allow anyone to contribute to maintaining the network without onerous requirements, thus attracting its own interest. We need unwavering transparency in several aspects, particularly the political and administrative landscape, etc.

[MAAManda]

In my opinion, increasing transaction speed with conventional methods that make the blockchain size heavy in the long run is effectively sacrificing decentralization, and this is a red ocean strategy that actually requires a lot of effort and has a low probability of success. Unless it really is, as you said, "without compromising decentralization."

It poses a challenge for many developers working on L-1 projects, about how to solve the blockchain trilemma. If we have a new L-1 project that introduces innovations about scalability, a new wave of investors will certainly enter, driven by confidence in its future adoption. Solana (SOL) had already proven it early on. Isn't it?

[HiChain]

It poses a challenge for many developers working on L-1 projects, about how to solve the blockchain trilemma. If we have a new L-1 project that introduces innovations about scalability, a new wave of investors will certainly enter, driven by confidence in its future adoption. Solana (SOL) had already proven it early on. Isn't it?

Yes, I agree with you about the trilemma. But if we look closely, many project try to say that their solution has solved the problem.
For example, Solana did not have a good solution. Their blockchain size has increased dramatically. A node must have characteristics similar to a powerful server or even a data center to be able to run it.

This problem is more like a trade-off and should be changed depending on the need. But I don't think a blockchain should sacrifice decentralization. For example, the Bitcoin and even Ethereum solutions are more reasonable than some fast blockchains that will become unworkable on nodes and regular computers in just the first few months!

When a blockchain can truly transform this trade-off into a solution, then it can be considered a different, perhaps even revolutionary, innovation.

However, it can still be easier to try a different innovation instead of fighting on the same issue. By the way even if tomorrow, a blockchain comes along that solves the trilemma, I might be a little curious about it, but what then? What good is high transaction speed on a blockchain that is, as others call it, a zombie chain? Or even worse if it looks like a scam empire and spam factory!

[Stalker22]

~
P.S: I still haven't take any steps for this particular projects. I wait for inputs and then I start my research. Thanks.

I dont want to discourage you but your ADHD brain actually got this 100% right.  The world does not need yet another layer-1 or layer-2 that brags about being 10% faster or 5% cheaper.  The world already has an overwhelming amount of "Ethereum Wannabes", and nearly all of those are ghost towns founded by developers that assumed just optimizing technically was enough. 

Instead, my recommendation is to take your coding skills and team and to carve a niche in building applications that provide solutions to real-world issues on existing infrastructure rather than reinventing the wheel entirely.

[retreat]

I think those developers could launch more blockchains, but it's highly likely that most of them will just offer the same old features – they won't offer anything truly innovative beyond claiming that they can solve this or that problem. So, to answer your question, I don't have a problem with a thousand new blockchains popping up, but I just think they'll mostly end up competing over the same ideas with different branding, and that doesn't really catch my attention.

[coin-investor]

After so many chains have launched, it's still the old chain in the first spot. In so many industries, new innovations take over the original idea, but that's not the case with cryptocurrency; it's still Bitcoin, and all the others are just imitations or failures by comparison.
New chains were launched to become their developers' cash cow, although they add innovations in the growing cryptocurrency industry, it's still the core value of the original cryptocurrency that the community is supporting.

[Odogwu-Blockchain]

I've dealt with many newly created blockchain projects in the market, and almost all of them has similar goal of beating Ethereum, calling themselves the Ethereum killer as in the case of the old EOS and Neo then if you can remember. Every feature of a blockchain projects to supersede others is the ability to have the integration of faster confirmation, low transaction fee and easy deployment of smart contracts and others.

If your newly created blockchain infrastructure could meet up these features to beat others in the market, then the potential to stand out is clear.

Another necessity to have is  wide marketing, you may create good blockchain but who knows it.

[o48o]

New blockchain projects used to be launched every day before layer 2 tokens came along. I am thinking that they probably still are as there are alt mining pools mining coins i've never heard of just like before. Reason why they aren't getting traction is that listing costs, so they are traded in smaller exchanges, and they can't just list them to dexes. Unless they are first released in tokens, which eats up credibility with pre-mine sale compared to fair launch.

So, an answer to your question. No i am not interested on some generic new blockchain, because releasing them isn't anything new. You need substance and just being "new" isn't it.

[nelson4lov]

There is a chain for almost everything you need. Whether you need the fastest chains of you need the cheapest of chain, there is plenty of chains that do all of that because all the chains we ever need were created during the L1 and L2 wars around 2021 and 2022. So I wouldn't get too excited about a new chain getting launched because at this point, we have seen it all

[TastyChillySauce00]

Most new blockchain that aren't L2 usually only reinventing the wheel but implemented in different language, such as Solana with their SVM and Rust, Canton with DAML, SUI with Move language. From the perspective of someone that aren't into the technical aspect seeing these blockchain feels like seeing the same thing over and over again. Different backend with the same features. On top of that new blockchain always talk about higher TPS, shorter block time, and cheap fees. It's the same thing always.

[joniboini]

I'd like to know why they launch a new one first before making any comment. If they can't provide a good answer I'll probably ignore it sooner or later. What we need is a better product that utilize existing chains. It makes no sense why we need 1000 chains for more or less the same thing. Since you realize that making another Ethereum is quite easy, maybe you should look further and try to provide something that solve existing problem instead. If the demand for your product is low, I don't think you should continue making one (ETH clone).

[Ahli38]

P.S: I still haven't take any steps for this particular projects. I wait for inputs and then I start my research. Thanks.

So many new blockchains have been launched to date. And as you can see, where there are so many L1 coins that have been launched each offering various features (Source). If your goal is to create a new coin to compete in the market then you need to have a compelling vision for the ecosystem you’re building. And you’ll need substantial resources to compete with other coins. Funding is clearly what you’ll need most to develop the ecosystem on the blockchain you’re building. And its performance will accelerate its growth or even its development. Perhaps you could follow in the footsteps of other coins that initially ran on existing networks before deciding to launch their own independent blockchains. And I think that approach also requires a lot of careful consideration.  The goal of leveraging an existing network is to reduce costs compared to creating your own main blockchain a process that’s more complex and even more expensive. Creating your own blockchain isn’t as easy as you might imagine. There are many factors you must consider to ensure your project’s survival. A solid team and a strong community are the cornerstones for moving it forward. But having backers for your project is just as more important. You may have a great vision for the project you’re planning with plenty of new ideas to offer. But your ideas could be hijacked by another project that’s ready to pour in a lot of resources to push your project out. And I personally think that it's not an uncommon occurrence.

[2stout]

If a new blockchain were to drop today, I would have to wonder what makes it truly unique regarding tech and utility or is it mainly marketing, fluff, and hype because there are hundreds, if not thousands of blockchains already.  With all the money grabs in the space, if it offers nothing truly unique regarding tech and utility and solves no true, real problems, then my opinion is another money grab.

[aioc]

New chain, new coins coming up, and that will make the market saturated. Unless it's more innovative than all the earlier chains, it's not worth adding more chains to the industry.
The original coin is still the most supported chain. All we need is not more chains but more innovative coins; new chains will just b exploited by greedy developers, who will make them a new cash flow for them.

[WatChe]

New chain, new coins coming up, and that will make the market saturated. Unless it's more innovative than all the earlier chains, it's not worth adding more chains to the industry.
The original coin is still the most supported chain. All we need is not more chains but more innovative coins; new chains will just b exploited by greedy developers, who will make them a new cash flow for them.

Already we have huge supply of blockchains on which there are huge number of coins being hosted. Not many people show interest in new coins on new blockchains due to bad reputation of new coins in the past. With every passing year people trust is getting limited to Bitcoin along with few top alts because alts with low market cap and cheap price have not given much return to users. With so many coins already in the market, its very difficult to get attention of investors unless the coin offers some innovative feature.