Layer-1 Platforms: A Framework for Comparison

Aug 11, 2021 | The Block News | 0 comments

layer-1-platforms:-a-framework-for-comparison

But anyone who has been closely following knows that we have only scratched the surface of discovering what experiences general purpose blockchains are capable of delivering. 

And while the term “Ethereum killer” has fallen out of favor, the pace of development in the Layer 1 platform arena has only accelerated over the past years. Dozens of platforms have emerged. 

Some are seeking to offer an easily adoptable alternative to Ethereum and challenge its status as the de-facto choice for launching decentralized applications. Others are focused on giving developers the highest level of flexibility in building their own blockchains and creating cross-chain communication protocols. 

With each passing year, a “one blockchain to rule them all” outcome fades further and further into the rearview. But analyzing these different platforms remains challenging. 

They are surrounded by technical jargon. Digestible comparisons amongst them are few and far between. Yet they already compose a significant portion of the “investable crypto landscape” and are poised to support ecosystems orders of magnitude larger than what we have seen to date. Analyzing them will be an important task for years to come.

Analyzing smart contract platforms outside of the context of Ethereum is difficult. Analyzing Ethereum outside of the context of Bitcoin is equally difficult. So, this report starts with a brief introduction to Bitcoin before diving into the current state of Ethereum. 

 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

News Source from TheBlockCrypto.com

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