The Layer1 Landscape & Look Into NEAR
May 30 2020 · 1 min read
Competing Visions for a Blockchain Future
As developers and entrepreneurs look to the next generation of blockchains, some are opting for a Universe of Chains that are connected through a base layer, while other blockchains envision a World of dApps where developers build on existing blockchains that scale dynamically.
dApp Market Struggles in 2019
After much hype, there were no breakout consumer blockchain applications in 2019. Tron and EOS saw more than a 50% decline in users, while Ethereum has found some traction with DeFi. Moving forward, chains with higher throughput will be needed for web-level applications.
NEAR’s shards act like a single blockchain
The NEAR Network does not discriminate between shards, dynamically rebalancing the network’s resources to underutilized shards, but its Nightshade Consensus makes it operate as a single blockchain.
NEAR’s Positioning in blockchain ecosystem
While base-layer blockchains have struggled after launch, NEAR should benefit from increased attention to ETH2.0, its deploy-to-the- cloud design, and language capabilities that make it appealing to non- blockchain devs.