Looking Ahead at Potential 'Smart Contract Platform Fragmentation'

Looking Ahead at Potential ‘Smart Contract Platform Fragmentation’

As the rat race between smart contract platforms continues to heat up, what might the future look like? According to Coinbase’s first employee and current Polychain Capital maestro Olaf Carlson-Wee, it may be best to expect smart contract platform fragmentation across the globe — different platforms to take up prominence in different places for different reasons.

Also read: A Short-Lived Rally: Bitcoin Price to Go Sideways Again

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To Each Their Own

In a July 29th Twitter thread on Tezos’ use of the OCaml programming language, Spencer Noon of DTC Capital listed out a series of relevant facts and musings on what such a dynamic could mean for Tezos going forward.

The chain of thought brought Noon to the subject of blockchain journalist Laura Shin’s popular crypto-centric Unchained podcast, wherein Polychain Capital founder Olaf Carlson-Wee recently projected that so-called “smart contract fragmentation” would occur along the lines of, as Noon paraphrased, geography, ideology, programming languages, and app types.

If Carlson-Wee’s right, then the major question for now is what platforms will get entrenched where, and why. Going into the realm of pure speculation, one can perhaps envision a future where Cardano is the smart contract platform of choice in Japan, whereas it’s Ethereum in China, and so forth.

As far as usage schisms along app types goes, Noon himself speculated that platforms like Ethereum and Dfinity may become heavyweights in the consumer DApp space “because of their accessibility (e.g. WASM compiles from many popular coding languages).”

Likewise, the climax of Noon’s at-hand thread came in saying that Tezos’ niche, courtesy of its OCaml programming language, may prove to be “complex dapps in fields such as infrastructure, cyber, aerospace/defense, & biotech.”

[The language is] used in environments where a single mistake can cost millions and speed matters,” Noon cited from the main OCaml resource page.

As it stands, what’s left to watch out for is how the game of platforms proceeds — where Ethereum Classic gains ground, or where or how RSK is taken up, or if Lisk can capitalize on its Javascript nook. Et cetera, et cetera, et cetera.

Speaking of Smart Contract Platforms, Bitcoin Cash Gets Its Own ‘Smart Layer’

Today, July 30th, Bitsonline broke the scoop on the Keoken platform, a new second-layer protocol for Bitcoin Cash designed to make a wide variety of transaction types possible via BCH.

In Keoken, Bitcoin Cash gets its own “smart contract” possibilities.

Keoken marks the latest entrant to the wider cryptoverse’s ever-growing smart contract arms race. The platform is set to allow the issuance of tokens, temporarily reversible transactions, vaults, payment guarantors, and much more.

Be sure to check out the project’s home page if you’d like to dig deeper. For now, we’ll have to wait and see how the Keoken protocol figures into the possible future of smart contract fragmentation.

What’s your take? Will there eventually be one platform to rule them all? Or do you agree with Carlson-Wee, is fragmentation coming? Let us know what you think in the comments section below.

Images via Bitprim Project Inc., Pixabay

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