U.Today - Ethereum (ETH), the largest programmable L1 blockchain network, might be missing critical scaling opportunities. Slowly but surely, users and dApps might migrate to more flexible and scalable blockchains, including sharded ones, says the veteran analyst.
The Open Network (TON), Solana (SOL), Tezos (XTZ): Justin Bons indicates scalable Ethereum (ETH) competitors
L1 competitors might rely on different scaling practices, including Solana's (SOL) parallelization or Tezos' (XTZ) enscrined rollups. Also, fully sharded blockchains like The Open Network (TON), NEAR Protocol (NEAR) and MultiversX (EGLD) might be dangerous competitors for Ethereum (ETH).
Sharding is a scaling practice that allows the blockchain to be split up among the ecosystem of interconnected sub-blockchains (shards).
Sharding is an endgame goal for , but it is still unclear when (and if) it is going to implement it.
NEAR Protocol (NEAR) is recognized as the first-ever fully sharded mainstream blockchain. Also, Zilliqa (ZIL) is among the leaders of this innovation.
Polygon introduces novel method of scaling, appoints Protocol Council
Meanwhile, one of the largest EVM blockchains, Polygon (MATIC), accomplished a major milestone on its road to the Polygon 2.0 phase. In this phase, staking and security mechanisms in blockchain will be reconsidered. Stakers will be able to protect the integrity of several chains within Polygon (MATIC).
Yesterday, Polygon Labs shared the list of the first generation of members. It includes reputable Web3 experts and high-profile DeFi teams.