The Open Network (TON) Might Attract Ethereum (ETH) Userbase: Analyst Indicated Dangerous L1s
The post The Open Network (TON) Might Attract Ethereum (ETH) Userbase: Analyst Indicated Dangerous L1s appeared on BitcoinEthereumNews.com. Vladislav Sopov Solana (SOL), Tezos (XTZ), MultiversX (EGLD), NEAR Protocol (NEAR), The Open Network (TON) are working on better scaling solutions than Ethereum (ETH) can offer now, Justin Bons says Ethereum (ETH), the largest programmable L1 blockchain network, might be missing critical scaling opportunities. Slowly but surely, users and dApps might migrate to more flexible and scalable blockchains, including sharded ones, says the veteran analyst. The Open Network (TON), Solana (SOL), Tezos (XTZ): Justin Bons indicates scalable Ethereum (ETH) competitors Ethereum (ETH) is “dropping the ball” by failing to meet the demand for Layer-1 blockchains. As a result, usage will inevitably move to competitors that are able to scale to meet the requirements of users. Justin Bons, founder and CIO of Cyber Capital, shared his opinion in X today, Oct. 20, 2023. ETH is dropping the ball by failing to meet L1 demand Usage will inevitably move to competitors which can scale to meet demand Whether it is SOL’s parallelization, XTZ’s enshrined rollups, or full sharding like in EGLD, NEAR & TON ETH will definitely lose if it does not scale! — Justin Bons (@Justin_Bons) October 20, 2023 L1 competitors might rely on different scaling practices, including Solana’s (SOL) parallelization or Tezos’ (XTZ) enscrined rollups. Also, fully sharded blockchains like The Open Network (TON), NEAR Protocol (NEAR) and MultiversX (EGLD) might be dangerous competitors for Ethereum (ETH). Sharding is a scaling practice that allows the blockchain to be split up among the ecosystem of interconnected sub-blockchains (shards). Sharding is an endgame goal for Ethereum (ETH) on proof of stake, but it is still unclear when (and if) it is going to implement it. NEAR Protocol (NEAR) is recognized as the first-ever fully sharded mainstream blockchain. Also, Zilliqa (ZIL) is among the leaders of this innovation. Polygon introduces novel method of…
The post The Open Network (TON) Might Attract Ethereum (ETH) Userbase: Analyst Indicated Dangerous L1s appeared on BitcoinEthereumNews.com.
Vladislav Sopov Solana (SOL), Tezos (XTZ), MultiversX (EGLD), NEAR Protocol (NEAR), The Open Network (TON) are working on better scaling solutions than Ethereum (ETH) can offer now, Justin Bons says Ethereum (ETH), the largest programmable L1 blockchain network, might be missing critical scaling opportunities. Slowly but surely, users and dApps might migrate to more flexible and scalable blockchains, including sharded ones, says the veteran analyst. The Open Network (TON), Solana (SOL), Tezos (XTZ): Justin Bons indicates scalable Ethereum (ETH) competitors Ethereum (ETH) is “dropping the ball” by failing to meet the demand for Layer-1 blockchains. As a result, usage will inevitably move to competitors that are able to scale to meet the requirements of users. Justin Bons, founder and CIO of Cyber Capital, shared his opinion in X today, Oct. 20, 2023. ETH is dropping the ball by failing to meet L1 demand Usage will inevitably move to competitors which can scale to meet demand Whether it is SOL’s parallelization, XTZ’s enshrined rollups, or full sharding like in EGLD, NEAR & TON ETH will definitely lose if it does not scale! — Justin Bons (@Justin_Bons) October 20, 2023 L1 competitors might rely on different scaling practices, including Solana’s (SOL) parallelization or Tezos’ (XTZ) enscrined rollups. Also, fully sharded blockchains like The Open Network (TON), NEAR Protocol (NEAR) and MultiversX (EGLD) might be dangerous competitors for Ethereum (ETH). Sharding is a scaling practice that allows the blockchain to be split up among the ecosystem of interconnected sub-blockchains (shards). Sharding is an endgame goal for Ethereum (ETH) on proof of stake, but it is still unclear when (and if) it is going to implement it. NEAR Protocol (NEAR) is recognized as the first-ever fully sharded mainstream blockchain. Also, Zilliqa (ZIL) is among the leaders of this innovation. Polygon introduces novel method of…
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