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News
11 6月 2021

Development Comparison Between Layer 1 Blockchains

Development Comparison Between Layer 1 Blockchains

Quick Take

  • Layer 1 blockchains often have large war chests from token sales and are capable of raising large funding rounds to compete with Ethereum, the de facto smart contract platform today.
  • Still, catching up with existing tooling is difficult. The key infrastructure pieces being block explorers, wallets, developer tools, as well as existing (tested) smart contract code.
  • Layer 1s are capable of attracting users via token incentives, but differentiation is getting smaller as Rollups improve Ethereum’s scalability.

This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.

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