Thread by @matiwinnetou

In terms of decentralized (!) smart contract platforms there are only two routes ahead, nothing else:

1. Scale on L2 (Ethereum, Cardano)
2. Scale on L1 with on chain Archivers (e.g. Solana)

Both have trade-offs.

1.) L2 scaling is not easy (see zkRollups, Optimistic Rollups or Hydra Isomorphic State Channels + ext), worst part could be user experience L1 <>L2 since technically eventually it will be solved and I mean eventually.

Those chains that hide L2 complexity from the user have adv.

2. Archivers (Solana), this could work but but but it gets rid of inclusive accountability, it becomes very expensive to check up on work > x years, where x is changing, also Solana hardware requirements and node requirements are quite high.

IMHO everything else is noise, it will centralise so much that you can just run this of AWS / Google blockchain.

I am more in L2 camp with superior user experience (e.g. wrapped smart contracts that @dcspark_io) proposes as part of Milkomedia sidechains.

You don't see this yet because some of these new blockchains are simply too young to have petabytes of storage or they will have to adopt either (1) or (2) or cannot lie they are decentralised.

Last but not least concept of archivers is very similar to how Big Data in companies.

You have Mongos, MySQLs, Postgress, Cassandras, Riaks, CockRoaches, Fauanas and then when they get too big one stores data which one can (GDPR compliance and privacy laws) in things like Hadoop, Druid, Parquet, BigQuery, etc).

Read access is way slower there and you often need map reduce just to be able to access data.

What are your thoughts? Does it make sense, did I miss some hidden secret of AVAX, Tezos, Terra Luna etc?

@threadreaderapp unroll