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29551968 No.29551968 [Reply] [Original]

Ethereum is clogged up right now. It's a serious issue. Basically arb bots are using up all the available space. if you're a dev, and want to build something remotely complex, it's impossible to do so on ethereum because it will be totally unaffordable.

ITT: We discuss winners and losers of this trend.

Firstly, obvious loser: Ethereum. Not saying it will go down, but it will underperform.

Now, the winners.

To start, LINK is one. Blockchains fragmenting increases the importance of what LINK offers. Using single source uniswap oracles when volume is moving off ethereum is a bad idea. You'll have volume fragmented across multiple dexes, cexes and now across multiple blockchains. Chainlinks service is more necessary than ever. Plus, chainlink can do better when the focus moves away from ethereum and gas prices drop.

Next up: Thorchain and HydraDX (Thorchain is live, HydraDX is not yet). Cross chain liquidity, no brainer.

Let's talk about L1s and L2s next. For L2s, Matic/Polygon seems like the clear winner so far in terms of tokens you can invest in, and still seems somewhat undervalued at like rank 75.

On L1s, they need to be EVM compatible. They need to be working/not vaporware. So far I see two clear winners here: Avalanche and Fantom. Both seem quite scalable and are EVM compatible, which is why we're already seeing substantial development on both.


Personally I have reduced my ethereum exposure, and increased my LINK exposure, added Fantom, Matic, and Thorchain, and am also long AVAX.

>> No.29552153

>>29551968
>Fantom and Gayvax

Lmao he fell for the pnd scam INSTEAD OF BUYING L2 SOLUTIONS LIKE MATIC AND OMG

>> No.29552225
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29552225

>>29551968
So you got a bag full of pajeet and Muslim shitcoins. Have fun my hairy street shitting friend.

>> No.29552293

>>29552153
Mentioned Matic. OMG is lol.

With that said, Avalanche and Fantom are better bets than Matic.

>>29552225
Pedodot.

>> No.29552296

>>29551968
There’s no question AVAX is set to replace Ethereum, it’s just no longer fit for purpose.
Collateral damage will be Uniswap and the like which have become a rich fag’s plaything. Zero.Exchange provides a fast, front-running free platform to trade Ethereum, Avalanche and Polkadot assets for pennies.

>> No.29552445

>>29552296
Yeah uniswap looking pretty overpriced unless they really deliver with V3.

>> No.29552495

Can ANYONE, ANYONE provide a comprehensive analysis of the technical capabilities of Avalanche vs. Fantom?

>> No.29552530

>>29552296
Der ewige Zero Höcker

>> No.29552550

Radix is the one to beat rn, nothing else compares

>> No.29552805
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29552805

Avalanche is in a completely different league than Fantom. Avalanche enables enables high throughput, sub second finality whilst being able to scale to tens of thousands + validators. Fantom on the other hand has 39 and to be a validator you need a minimum of 3.175 million FTM (over $1.5 million) and even then numbers are restricted.

Avalanche is a platform of platforms where application specific blockchains can be built, using a variety of custom vms, permissioned or permissionless and rules that can be set for subnets to comply with regulation such as require validators to be in a certain jurisdiction or license/meet GDPR requirements and more which will be a massive appeal to enterprises.

Avalanche also has a huge team of experts who have delivered an incredible amount I'm a very short amount of time, Fantom has been live for like 2 and a half years and barely any adoption, with most of the work being done by Andre.

It's not a zero sum game and there will be many blockchains, with Avalanche being a platform of platforms with thousands of subnets each with potentially multiple blockchains within, the scope is just far larger.

>> No.29553013

What about xdai for l2?

>> No.29553056

>>29552805
fuck off FTM shill

There is no rivalry between AVAX and FTM

>> No.29553068

>>29552805
Imagine being given the opportunity to become a validator on this project!
We are so early guys!!

>> No.29553286

Sneed will open even more doors than any of these can dream of

>> No.29553300

>>29553056
No rivalry, just a comparison since some anons were asking in earlier threads

>> No.29553325

>>29552805
I agree, I have a preference for Avalanche. Still, both look quite undervalued IMO.

>> No.29553637

>>29553056
This. FTM is like in completely different category, even saying "different league" is undeserved.

One is a centralized ghostchain which all its hype based on an internet persona with average developer skills that at best is a decent code reviewer, while the other is a once in a few decades breakthrough in cryptography which got implemented amazingly and already only second to ETH by network traction. Literally an insult to even propose the comparison.

I remember when andre jizzed on perlin code which was basically a low cost version of AVAX (Which eventually failed), If that failed project is something andre take inspiration from then FTM is really in a bad place.

>> No.29554316

>>29553637
>he's not wrong

>> No.29554378

What about XLM?

>> No.29554456

>>29551968
Yeah it'll be multi chain alright. Loopring, zkswap, optimism, arbitrum, polygon.

>> No.29554462

>>29554378
centralized

>> No.29554510

>>29552225
>muh race
brainlet

>> No.29554564
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29554564

>>29552225
enjoy the shed, it's all you'll be able to afford

>> No.29554897

>>29552805
How long will it take for the crypto scene to understand that AVAX is literally a gamechanger? Like the other anon said, it's a 'once-in-a-decade' breakthrough in consensus protocols. It's wrong to even compare it to ETH and other contemporary protocols.

I remember this feeling in 2017 when I bought balls deep into chainlink. The next 3 years I kept wondering when everybody else would finally start seeing the value proposition of chainlink. It's the same old thing with AVAX, too many people are still married to their shitcoin. They'll come around eventually.

>> No.29554902

AVAX isn't even a year old. How do you honestly think it can compete? Im being completely serious... They have just began making basic partnerships. They are literally years behind Fantom.

>> No.29554903

Finally, here's a decent thread on biz.
Tell me more about this HydraDX.

>> No.29555084

>>29554897
Basically this. Too many fudders for the newfags so they dump out and latch on to the next SHIB or whatever for quick profit. If you buy AVAX now you are setting yourself up for success in two years. simple as

>> No.29555087

>>29554902
>superior tech earlier on in its value creation process
surely this is a good thing?

>> No.29555367

>>29553013
Havent looked into it a huge amount, seems like it has some activity though.

>>29554378
Doesnt seem great.

>>29554456
It doesn't make much sense to exclude L1s like Avalanche which can do anything an L2 can do, while being more decentralized and having more functionality.

>>29554903
My level of knowledge isnt that deep. They recently had an ICO but aren't trading anywhere yet (not until mainnet).

>> No.29555407

>>29554902
Despite being so new, Avalanche already has significant development on it due to its EVM compatibility.

>> No.29555446

>>29554902
They are already way ahead in market cap and public opinion

>> No.29555580

>>29555367
>while being more decentralized and having more functionality
No shared security. A zk-L2 with a single operator is as secure as the main chain.

>> No.29555718

>>29554903
Nobody team

>> No.29555909

>>29555087
>superior tech
Simply saying "superior tech" doesn't mean shit, there is no way to prove avax has better tech. Not to mention the amount of buggs that plagued after the EVM deployment. they are rushing their project.
lets take fantoms mainnet for example, they waited a full year and a half for the deployment of the mainnet, they made sure no buggs could fuck around with the mainnet. Here is the 2020 roadmap for fantom https://fantom.foundation/roadmap/.. Look how detailed it is. This isn't your average chink team.
>>29555407
just like eth, all the tokens are gonna migrate to Fantom, their security model is revolutionary and low tx fees will win in the end. fantom is also EVM compatible so nothing new.
>>29555446
they are ahead in marketcap because AVAX waited for the bearmartket to end before going public. the bearmartket would've eaten them up

>> No.29556040

>>29551968

Cardano fixed eth problems?

Smart contracts next week!
Cheap compared to eth.

>> No.29556124

>>29556040
Cardano still doesnt have smart contracts and is not EVM compatible which means they will not have much development.

>> No.29556300

>>29551968
How's Expanse?

>> No.29556472

>>29556124

Smart contracts are out next week?

>> No.29556669

>>29556472
Ok, but they are starting from 0, and not EVM compatible. They will never catch up with the amount of activity on Ethereum. The only thing with a chance is EVM compatible chains.

>> No.29556771

>>29556472
They have been saying that for like 4 years you stupid cartardo.

>> No.29557519 [DELETED] 

>>29551968
Ok, I need a Chad to send me 1 Avax. I'm a Europoor and the only exchange listing Avax is Bitpanda, which doesn't allow you to withdraw funds. I wanted to use the AEB, but I will need Avax to then be able to use Pangolin. So basically I can't do shite without first having some Avax on my wallet. Do the needful sir X-avax1crvmmqu3wszzs473hm53k6lsdwqfjtmdxlujsg

>> No.29557659
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29557659

>>29551968
being clogged is not as big an issue as double spending is you bagholding retard

>> No.29557770

>>29557519
Don't beg, it's unbecoming. Don't lie either, AVAX is on more exchanges than just Bitpanda for Europeans.

>> No.29557820 [DELETED] 

>>29557770
Kekw, begging is as old as humanity. What you want me to say trust me bro I swap you 1 Link for 1 Avax? Which exchange offers Avax for Europeans?

>> No.29557848

>>29557519
there are several CEXs you could use, be quiet.

>> No.29557872
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29557872

>>29557519
enjoy ban

>> No.29557985

>>29557519
JANNNNNIEEE

>> No.29558024 [DELETED] 

>>29557770
>>29557848
>>29557872
>>29557985
I happen to be using Bitpanda and don't want to fucn leave my personal data on 120 different CEXs. No Chads detected. Sad to see.

>> No.29558189

>>29557820
Fucking binance you mong!

>> No.29558456

>>29558024
You can't even afford one AVAX who the fuck cares about your personal data? The Nigerian scammers are richer than you.

>> No.29558576 [DELETED] 

>>29558456
:D They probably are, I just wanted to have it to be able to move funds across the bridge, lol.

>> No.29558578

Only products that synergize with Ethereum have a future. That's all you should keep in mind when deciding your portfolio.

>> No.29558667

>>29558578
Anything EVM compatible*

>> No.29558694
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29558694

>>29557820
God you're fucking retarded.

>> No.29558794 [DELETED] 

>>29558694
:D FUCK YOU logging posting just to insult. Insane!

>> No.29559570 [DELETED] 

>>29551968
Does Arbitrum technically still count as L1 or L2? Don't know about Thorchain, as far as I know the developers are unknown but there seem to be connections to Binance. I don't trust CZ nor do I trust their 21 nodes "Smart Chain".

>> No.29559856 [DELETED] 

>>29552296
Wait, can you directly exchange Weth to AVAX?

>> No.29560428

FTM vs AVAX...why not just throw money at both. Both seem legit and both seem like they still have plenty of room to grow