Ready Layer One: Who Competes With Ethereum? - Ep.174

May 26, 2020

Guest

Arthur Breitman

This insightful discussion features Illia Polosukhin (NEAR Protocol), Zaki Manian (Cosmos), Rob Habermeier (Polkadot), and Arthur Breitman (Tezos). They explore how their projects compete with Ethereum and the unique innovations they're bringing to the table. The panel dives into the scalability challenges developers face and the dynamics between Bitcoin and Ethereum. They also discuss the future of blockchain governance, the transition to Ethereum 2.0, and the need for collaboration to build a sustainable ecosystem.

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INSIGHT

Limited Ethereum Use

Ethereum isn't widely used on a global scale, primarily serving lending applications.
Holding a token can be considered usage, especially for store of value or censorship resistance.

INSIGHT

Near's Developer Focus

Near Protocol prioritizes developer experience and speed to market, offering a sharded protocol and developer tools.
They aim to bridge with Ethereum to leverage existing liquidity and composability.

INSIGHT

Tezos's Political Focus

Tezos prioritizes community governance and technological evolution, viewing blockchains as political entities.
On-chain governance ensures community control over platform development and avoids contentious hard forks.

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This week’s Unchained is my panel at Ready Layer One! We talk everything layer one with four key players and projects -- Illia Polosukhin of NEARprotocol, Zaki Manian of Cosmos, Rob Habermeier of Polkadot, and Arthur Breitman of Tezos — to find out how these projects plan to compete with Ethereum and attract developers and users. We discuss:

What platforms they are building and at which stage in development they are
How they differentiate themselves from Ethereum, and what problems they believe need to be solved
How they plan to attract devs in an industry of network effects
Whether or not Bitcoin and Ethereum are direct competitors
Whether, in the long run, crypto will be more winner-take-all or there will be multiple, interoperable chains
How they plan to bring new users into the space
How they think the transition to ETH2.0 will shake up the existing blockchain space

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Episode links:

Illia Polosukhin: https://twitter.com/ilblackdragon

Near protocol: https://near.org

Zaki Manian: https://twitter.com/zmanian

Cosmos: https://cosmos.network

Rob Habermeier: https://twitter.com/rphmeier

Polkadot: https://polkadot.network

Arthur Breitman: https://twitter.com/ArthurB

Tezos: https://tezos.com

Near protocol on mainnet: https://near.org/blog/near-mainnet-genesis/

Electric Capital report on the number of developers in Ethereum: https://unchainedpodcast.com/electric-capital-on-the-coins-punching-below-their-weight/

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