Possible Smart Contract Platform Fragmentation on the horizon

With an intense race for dominance between various smart contract platform, many are expecting that something has to happen in the near future. The first employee of Coinbase, and a founder of Polychain Capital, Olaf Carlson-Wee believes that this situation might lead to a global SC platform fragmentation.

Smart Contract Platform Fragmentation

In a recent tweet posted by DTC Capital's Spencer Noon, Noon listed out an entire series of various musings and facts regarding Tezos' use of a programming language called OCaml. Additionally, Noon left an opinion regarding what this might mean when it comes to Tezos' future.

Eventually, Noon started talking about Unchained podcast, a crypto-oriented podcast led by Laura Shin, a known blockchain journalist. Coincidentally, this is also a podcast that recently had Olaf Carlson-Wee, the founder of Polychain Capital. After this, Noon touched upon Carlson-Wee's recent prediction of smart contract fragmentation, which is believed to be one of the possible ways to resolve the current smart contract situation.

The platform fragmentation is expected to relate to several aspects, including ideology, geography, types of apps, as well as a programming language. Basically, various platforms would be influencing the industry from different places, and for their own, different reasons.

If Carlson-Wee's predictions turn out to be correct, the biggest question will be which platforms are going to get entrenched, why, and where? This is already nothing but speculation at this point. However, it is possible to presume that one possibility is that of a future where Cardano's platform will be dominant in Japan, while China would turn to Ethereum, and alike.

When it comes to the usage schisms within different app types, Noon believes that larger platforms, like the one belonging to Ethereum, might become dominant when it comes to consumer space dedicated to dApps. he believes that these platforms are very accessible, which might lead to them becoming the preferred choice of many.

Finally, Noon came to the point, stating that Tezos' might carve out its niche by providing developers with the ability to create complex dApps in various fields, especially since they will be looking for a platform created for specific purposes. Tezos' OCaml programming language will be capable of allowing the platform to dominate in such an environment, which is where Tezos' potential lies.

As of right now, all of this is pure speculation, and it might not even come to pass. However, if the platform wars continue, pretty much anything is possible.

Bitcoin Cash (BCH) Finally Gets A ‘Smart Layer'

Continuing on the subject of smart contract platforms, it is worth mentioning that Bitcoin Cash just received a new, second-layer protocol. The protocol is created to allow multiple new transaction types through the use of Bitcoin Cash.

The new layer's name is Keoken, and it represents the newest addition to the world of smart contract platforms. It will allow token issuance, vaults, reversible transactions, payment guarantors, and more.

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

19 − four =