Thread by @arikan

New article: A Comparison of Heterogeneous Blockchain Networks medium.com/@arikan/a-comp…

@cosmos, @Polkadot, @avalancheavax demonstrate that asynchronous heterogeneous network model works efficiently and it is an improvement over Bitcoin and Ethereum as they are now. /1

The promise of an open decentralized internet has been challenged by performance, usability, and energy efficiency problems of the first generation crypto-networks Bitcoin, Ethereum, and their variants. /2

While Ethereum’s new version and its Layer 2 solutions aim to remedy current performance problems, heterogeneous blockchain networks are live and enable application-specific blockchains which can interoperate with one another when needed. /3

For the inter-chain economic security, they have their own topology design choices and tradeoffs in their own right, which will have different impact as we discuss in the article. /4

Cosmos, Polkadot, Avalanche aim to create an internet of blockchains that can accommodate not just hundreds of thousands (as it is today), but millions of active users per day and realize the user owned and controlled Web 3 vision. /5

Projects using these new infrastructures will go beyond smart contract applications, become scalable production quality systems with their own specialized chains and communities, and demonstrate previously unimaginable use cases. /6

This article aims to help developers, researchers, entrepreneurs, investors, and whoever aspires to a decentralized future understand this paradigm shift in crypto-networks. medium.com/@arikan/a-comp… /7

Special thanks to @hxrts @istema @erdogan @joepetrowski for their feedback and review for this article!

I will be a mentor at #AvalancheSummit hackathon. I can provide input for your projects in mechanism design, app-specific blockchains and subnets (see the article above👆🏾).

Looking forward to meet you in Barcelona this week! @avalancheavax @encodeclub avalanchesummit.com