At the Token 2049 event in Singapore, industry experts shared their top picks for Layer 1 blockchains, with Solana, Ethereum, Ton, and Sui emerging as favorites. Solana was praised for its high transaction speeds and low costs, particularly in the gaming and decentralized finance sectors. Ethereum remains a cornerstone of blockchain development, but its slower transaction speeds have led some developers to explore alternatives. Layer 2 solutions, such as Etherlink and roll-ups, are being developed to address Ethereum's scalability issues. Ton, developed by Telegram, offers unique features and is gaining attention, while Sui is positioning itself as a competitor to established platforms. Community strength was also recognized as a key driver of blockchain success. Bitcoin's dominance, despite technological limitations, was attributed to its strong community and social consensus. Ethereum and Solana were also acknowledged for their engaged user bases and developer ecosystems. The experts predict that consolidation among blockchains may occur in the future, with smaller projects likely to fade away.
- Content Editor ( coinedition.com )
- 2024-10-17
Crypto Experts’ Top Blockchain Picks Revealed