Yes, ETH 2.0 will solve some of the problems, but there's still time for it to come out.
In this super fast paced world that crypto is, a lot of players are already building and being very successful on other chains.
Besides, ETH 2.0 is not gonna make it the perfect chain.
#ETH is not going anywhere, but the future of crypto will have many chains working in harmony ( get it ;) )
To liken it to nations, think of it as world with many countries, each specializing in their own thing. Trade and communication between these countries will be key.
With the bear market setting in, I think the move is betting on these blue chip alt chains that have room to grow.
I do 101s on different chains, check them out here:
3. The future is multi chain. It’s the the most optimized, resource efficient way forward.
Enter #Evmos, the bridge between ETH and Cosmos. $EVMOS is a scalable, fast, Ethereum-compatible proof of stake blockchain built in the Cosmos ecosystem
#THORChain 101: the bridge between the multi chain universe ⛓️
Here is everything you need to know about THORchain and $RUNE, the cross chain AMM that is positioned to change world of crypto.
A thread 🧵👇
2. The entire ethos of the #crypto world rests upon decentralization and immutability. In the past few years, we’ve seen the rise of many chains. It’s become very clear, the future of crypto is multi chain.
3.Every chain has its pros and cons and the most optimized world is multi chain. We’ve seen this being built already with #COSMOS.
However, despite the strides we’ve taken towards decentralization, many crucial entities have remained centralized, like Coinbase and Binance.
A layer 2 is a framework that helps the base layer (known as L1) scale. This is done by taking the transactions off the L1
🧵👇 ( A thread | 1/22)
2. The Scalability trilemma that all blockchains face is that they can only choose 2 out of 3: scalability, decentralization and security.
L2s are a solution that aims at making non scalable chains like #ETH scalable.
3. #METIS is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0.
2. DeFi Kingdoms (DFK) is a cross chain #GAMEFI MMORPG .
It’s a game, a DEX, a liquidity pool opportunity, and a market of rare utility driven #NFTs.
GameFi is the intersection of DeFi, NFTs and the metaverse.
3. #DFK has complex mechanics and brings pixelated retro art to DeFI. It was originally built on the #HarmonyONE $ONE network, but has recently expanded to their own DFK chain powered by #AVAX.
Here's a thread all about #HarmonyONE, the fast, low cost #ETH VM compatible blockchain that's home to #DeFiKingdoms 🧵👇
2. We’ve talked about this many times before. #ETH sucks at scaling and gas is super expensive.
ETH has been losing market share, especially to fast, low cost chains like #Solana, #Terra and #BSC.
3. ETH’s #DeFi dominance is down 100% from 1 year ago. Alternative chains are well position to grow and eat more of ETH’s market share. The crypto world is going to become multi chain