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 , 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.Ethereum 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.
Whether it is SOL's parallelization, XTZ's enshrined rollups, or full sharding like in EGLD, NEAR & TONL1 competitors might rely on different scaling practices, including Solana's parallelization or Tezos' enscrined rollups. Also, fully sharded blockchains like The Open Network , NEAR Protocol and MultiversX might be dangerous competitors for Ethereum .
Meanwhile, one of the largest EVM blockchains, Polygon , accomplished a major milestone on its road to the Polygon 2.0 phase. In this phase, staking and security mechanisms in blockchain will be reconsidered. Stakers will be able to protect the integrity of several chains within Polygon .BTC Might Touch $56,000 on BlackRock ETF Trigger, Tesla Puts Crypto Operations on Hold, Per Quarterly Report; Vitalik Buterin Confirms Plans for AI: Crypto News Digest by U.
BTC Might Touch $56,000 on BlackRock ETF Trigger, Tesla Puts Crypto Operations on Hold, Per Quarterly Report; Vitalik Buterin Confirms Plans for AI: Crypto News Digest by U.TodayBTC Might Touch $56,000 on BlackRock ETF Trigger, Tesla Puts Crypto Operations on Hold, Per Quarterly Report; Vitalik Buterin Confirms Plans for AI: Crypto News Digest by U.
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