Development Comparison Between Layer 1 Blockchains

Jun 11, 2021 | The Block News | 0 comments

development-comparison-between-layer-1-blockchains

Quick Take

  • Layer 1 blockchains often have large war chests from token sales and are capable of raising large funding rounds to compete with Ethereum, the de facto smart contract platform today.
  • Still, catching up with existing tooling is difficult. The key infrastructure pieces being block explorers, wallets, developer tools, as well as existing (tested) smart contract code.
  • Layer 1s are capable of attracting users via token incentives, but differentiation is getting smaller as Rollups improve Ethereum’s scalability.

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