Why Most altcoins MAY die
In a nutshell, Layer 2 Solutions (App Layer on top of the bitcoin) have matured to where altcoins may become redundant.
Lightning Network, Sidechains such as RSK, allow apps (Dapps) to be built atop Bitcoin’s ultra secure ledger.
Why would you need Ethereum or other platforms like Cardano or Lumens?
Update – 04/26/2021
ETH may still win out with the ETH 2.0 phased rollout. However, is there room for more than one DAPP platform (like Cardano, Binance Chain etc.)?
In my humble opinion, both ETH2.0 and Binance Chain can (and will) co-exist. They are both already top revenue generators – with ETH being the crypto of choice for all stable coin holdings and Binance Chain developing more and more uses – including DeFi.
Anuj holds professional certifications in Google Cloud, AWS as well as certifications in Docker and App Performance Tools such as New Relic. He specializes in Cloud Security, Data Encryption and Container Technologies.
Anuj Varma – who has written 1217 posts on Anuj Varma, Hands-On Technology Architect, Clean Air Activist.
Leave a Reply