Analysis Crypto by Thebittimes.Com

Digital asset management giant Grayscale says one layer-one blockchain is the best-positioned out of any to potentially steal market share away from Ethereum (ETH), the biggest smart contract platform by market cap. In a new report from Grayscale Research, the firm says Sui (SUI) provides “one of the highest throughput and lowest transaction costs of any single-layer network” without relying on additional scaling layers, as Ethereum does. Grayscale notes that Sui represents only 0.3% of its Smart Contract Platforms Crypto Sector by market capitalization. According to the firm, its Smart Contract Platforms Crypto Sector index includes crypto assets that serve as the baseline platforms upon which self-executing contracts are developed and deployed. “Although competition within the Smart Contract Platforms Crypto Sector is likely to remain intense, Grayscale Research believes that Sui is currently the best-positioned third-generation blockchain to c...

Author: GaryMa Recently, the first fully Bitcoin-isomorphic Layer2 solution CKB released a prototype of Fiber Network, a next-generation common Lightning Network built on Nervos CKB and off-chain channels. It offers fast, low-cost, and decentralized multi-currency payments and P2P transactions for RGB++ assets. The value proposition behind this is that the current crypto payment model has deviated from the “P2P electronic cash system” envisioned in Satoshi Nakamoto’s Bitcoin whitepaper. As the industry evolves, the crypto payment model seems to continually introduce rent-seeking intermediaries and centralization bottlenecks that crypto was originally meant to eliminate. This article attempts to review the evolution of crypto payment models and further explore the vision of CKB in constructing P2P off-chain payments. Bitcoin: The Origin of the P2P Electronic Cash System Currently, the industry may primarily view Bitcoin as a store of value. However, we shouldn’t forget that Satoshi Naka...