Elrond and NEAR

Wed, 21 Apr 2021 00:00:00 +0000

Back in 2018 I got into crypto currencies. I ended up focusing on Nano and built Canoe , a cross platform (mobile and desktop) wallet for Nano. Nano is crazy fast (one or a few seconds) and has zero fees. For payments it’s superb and the architecture of Nano is clear and simple. I still have a lot of respect for Nano, but… 2020 taught me one thing - smart contracts are actually not just a gimmick.

So for me, sorry, Nano is not a project “of the future”!

I accidentally got involved in the DeFi world in the CORE project, which runs on top of Ethereum. My contribution was just making a cross Discord/Telegram chatbot, RoboCORE , and writing a bit about “floor price calculations” but the whole DeFi landscape convinced me that smart contracts are an essential ingredient in a modern crypto currency platform.

Real true scalability is also mandatory, which IMHO really has to boil down to sharding, even if novel faster consensus models are damn cool like Avalance has (the Snowflake consensus protocol).

So back to googling and reading … and there are two projects that so far stand out in my book:

EGLD on Roads Less Taken

Elrond and NEAR