SMART CONTRACT WARS: Who Kills ETH? 🦄 BTC ADA SOL DOT ATOM ALGO AVAX

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0:00 - Introduction
1:23 - What are Smart Contract Platforms?
3:01 - Bitcoin Smart Contracts
5:01 - What's wrong with Ethereum?
6:22 - Decentralization
6:38 - Number of Unique Validators
7:13 - Min. Node Specs
7:26 - Min. Staking Requirements
7:40 - Token Distribution
8:00 - Scalability & Performance
8:06 - Transactions per Second
9:32 - Daily Transaction Counts
10:18 - Daily Transacted Value
10:32 - Average Fee per Transaction
11:05 - Total Value Locked
11:43 - Total Value Staked
12:28 - Development Networks
13:32 - Conclusion

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At this moment, the throne (undeniably) belongs to Ethereum, but is there a true "Ethereum Killer" in the making?

Rootstock (RSK) is a sidechain to Bitcoin network, which is compatible with the Ethereum Virtual Machine (EVM), and enables smart contracts. Basically any application on Ethereum can be built on RSK, which secured by Bitcoin. This function will be further enhanced with Bitcoin's Taproot upgrade – it's biggest in 4 years. Again, I won't go in to the technical details of Taproot, but it will enable the inherent support of smart contracts on the Bitcoin blockchain – which is a pretty big deal, imo. I wouldn't be so quick to dismiss Bitcoin.

DECENTRALIZATION

Ethereum 2.0 has the largest number of validators by far. But, another relevant data point, in terms of decentralization, to consider are the the minimum stakes. After analyzing the minimum hardware specs, I came to conclude that Avalanche and Cardano are the most democratized; whereas Solana, Polkadot and BSC are the least democratized with high minimum node specs and/or validator caps.

Initial token distribution gives us further insight on the blockchains, where we can see that Ethereum and Cardano are the mos

SCALABILITY

Cardano seems to have the highest potential TPS – which are way beyond the needs of today. Based on the potential needs, I do believe Ethereum 2.0 suffices with 100,000 TPS.

Based on actual transaction data taking place on the blockchains, Solana is the winner by far with 60-70M transactions per day.

In this video I take a look at various on-chain metrics and usability of the platforms today including daily transaction counts, transacted value ($), average fee per transaction, TVL, total value staked, social media metrics, development metrics, and more.

CONCLUSION

My top two picks are Ethereum and Cardano, but it is incredibly difficult to say that all transactions would occur on one chain. They each have reasonable use cases though I do believe the ethos of decentralization needs to stay in tact for a dominant Layer 1 protocol.

Enjoy the video, and don't forget to subscribe and like :)
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Видео SMART CONTRACT WARS: Who Kills ETH? 🦄 BTC ADA SOL DOT ATOM ALGO AVAX канала Bill H, CPA