There are plenty of layer 1 blockchains out there. That means that there is stiff competition in this field, which makes it also a healthy environment. Remember, only the strong survive. But who will be that survivor?
There are a couple of ways to see which criteria will make a difference. Lucas, a senior intern at Bankless, wrote a Twitter thread about 5 indicators to evaluate blockchains. We think they are going to be helpful. So, let’s dive in and see what we need to look out for.
Bitcoin, Ethereum, Solana, Avalanche, Cosmos, Polkadot…
The Layer 1 landscape is competitive.
How do you evaluate which one could come out on top?
Here are the 5 questions you need to answer:
— Lucas _ (@0x_Lucas) July 6, 2022
1. Security
Layer 1 blockchains are settlement layers for value. Their function is to provide a secure and immutable ecosystem. In this case, what makes a blockchain secure is its consensus mechanism, which has advanced cryptographic models. On the other hand, the immutable...
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