Challenging Ethereum 2.0? Competing blockchains are seizing the moment
A representative from Quantstamp, which has been auditing Cardano’s codebase during recent months, previously told Cointelegraph that he believes the project will ultimately dwarf the other major on-chain governance platform, Tezos, becoming second only to Ethereum as the smart-contract platform of choice. Earlier this year, RSK launched an interoperability bridge with Ethereum, enabling anyone to send tokens back and forth between the two platforms, including RSK-based stablecoins and leveraged tokens launched by developer Money on Chain.
So, if Ethereum 2.0 will bring better scalability to the platform, does this mean that second-layer projects such as Matic Network will no longer be required? Sandeep Nailwal, chief operations officer of Matic, doesn’t believe that Ethereum 2.0 will nail the scalability challenge in the same way that Matic has, telling Cointelegraph:
Nailwal believes that the simple fact of Ethereum supplying a higher throughput will drive even greater demand, creating a situation where Ethereum can never scale to the level required by its DApp activity, adding: “First layer blockchains are settlement platforms.
