3️⃣ Great Crypto Smart Contract Platforms for Defi and NFT's
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Lately, I've been sharing some of my thoughts on the different cryptos that I use. I've gone over the hard-capped coins that I like, the coins that I earn daily with content creation, and now we're gonna get into smart contracts!
Smart contract platforms have been all the rage during this run, and with the amount of potential they bring to the table, the hype is understandable. The technology is still new and developing, but a few projects prove blockchain technology has something to offer to everyday people.
Let's get into it
- Ethereum
First on the list has to be Ethereum. Outside of Bitcoin, Etherum is the only other real mainstream cryptocurrency. It's been around for a long time and has huge supports and people contributing to the success of the project.
A large reason why Ethereum has this kind of following is that it was the first smart contract platform made for blockchain tech in 2015. This was the first place in crypto to run smart contracts and decentralized applications (apps) without any downtime, fraud, control, or interference from a third party.
More recently you may have seen Ethereum blowing up in the news because of a huge airdrop taking place, someone betting big on Defi, or an artist getting rich during this NFT mania.
Even with its issues, Eth is still THE smart contract platform in crypto.
- Binance Smart Chain
The Binance Smart chain right now seems to be the go-to place for crypto enthusiasts and developers when ethereum isn't working as we want it to. Binance is a brand that most people in crypto know and trust and they've recently started to build a lot of buzz on their smart contract platform.
The Binance Smart chain makes it easy for developers to port the projects they have on etherum onto binance, and run those applications faster and with cheaper fees. Being so similar to ethereum also makes it easier for those familiar with eth to use the binance smart chain as well.
Binance ability to attract projects and users, along with its booming price action has made this project that can't be left off this list, even if it's not the most decentralized project.
- EOS
Last on the list is EOS. This is the project that I've actually used the most on this list somehow. EOS has been an interesting journey so far with its long-term ico, the big hype to start, the growing pains, and now the comeback.
The project has had usable projects for a while but for a while, the tech had a big learning curve that made it difficult for new users to create accounts and figure out what they needed to do to use dapps.
But recently a lot of updates have been made to make the blockchain easier and cheaper to use for everyone, and we're also seeing leadership and community support coming back to EOS.
Hopefully, EOS dapps can finally get the respect that they deserve in the crypto space.
But those are the top three that I have the most experience with. There are definitely some other really great projects out there though. If I missed any that should have made the list, please let me know in the comments.
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