Application specific blockchains are going to surprise people over the coming months.
Many have much better value capture and clearer paths to adoption than all the general purpose smart contracting platforms which have poor value capture and face an uphill battle vs Ethereum.
Many have much better value capture and clearer paths to adoption than all the general purpose smart contracting platforms which have poor value capture and face an uphill battle vs Ethereum.
@terra_money and @THORChain are early examples of this.
Expect these two to continue gaining attention over the coming months, and expect more like them to emerge.
The smart contracting market is saturated, and there’s a ton of value being created at the base layer elsewhere.
Expect these two to continue gaining attention over the coming months, and expect more like them to emerge.
The smart contracting market is saturated, and there’s a ton of value being created at the base layer elsewhere.
In the future I imagine many smart contract platforms may specialize and become defacto application specific chains.
Others will ultimately function like branch offices for protocols that are headquartered on Ethereum.
Others will ultimately function like branch offices for protocols that are headquartered on Ethereum.
They will be valued based on fees accruing to stakers and perhaps accrue some commodity value by virtue of them being necessary to access blockchain resources.
This scenario would be a far cry from how they’re being valued today as if they will accrue monetary premiums and ultimately become the dominant settlement layer for the global economy.
But that’s just how I see it now.
But that’s just how I see it now.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
