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Wrapped tokens & bridges as mixers and/or location of underlying? (wBTC, BUSD, USDT, etc)

What is an Ethereum Virtual Machine (EVM) and how does it work?

Introduce Reef Chain

r/CryptoMarketsSee Post

The Oasis Privacy Layer | Privacy for all EVM dapps

r/CryptoCurrencySee Post

The Oasis Privacy Layer | Enabling confidentiality for all EVM dapps

r/CryptoCurrencySee Post

Tutorial: How to make your own smart contract to lock your ETH for a given time you want (Prove you have real diamond hands)

r/CryptoMarketsSee Post

Reef won the best ecosystem of 2022 at the Middle East Blockchain Awards

r/CryptoCurrencySee Post

CEXlibacy: seeking your advice for a CEX free lifestyle

r/CryptoCurrencySee Post

I think a reason why mainstream people have problems taking us seriously is because when a new coin or a new exchange collapses and that has a cascading effect.

r/CryptoCurrencySee Post

Charles Hoskinson's company is abandoning Plutus for their new new "privacy" chain (and coin) that will use Javascript for smart contracts

r/CryptoMarketsSee Post

Nexo is set to launch its own multifunctional, non-custodial, EVM-compatible smart wallet dubbed ‘The Nexo Wallet.’

r/CryptoMoonShotsSee Post

I've found new investment idea! Project MetaPax

r/CryptoCurrencySee Post

[Project] The Bot Shed provides web forms for command-line bots. CEX bots are admittedly powerful but as a community we can do better! Also: your wallet, your tokens, your bot.

r/CryptoCurrencySee Post

[Project] The Bot Shed provides web forms for command-line bots. CEX bots are admittedly powerful but as a community we can do better! Also: your wallet, your tokens, your bot.

r/CryptoCurrencySee Post

Railgun - Advanced Circuit Ceremony is now live! Help support DeFi privacy by participating!

r/CryptoMarketsSee Post

Is Reef really replacing FTX as a sponsor for F1 Race Weekend Abu Dhabi?

r/CryptoMoonShotsSee Post

Is Reef really replacing FTX as a sponsor for F1 Race Weekend Abu Dhabi?

r/BitcoinSee Post

Dark Knight - Collect. Upgrade. win. - Limited NFT collection from developers of Dark Knight mobile game - Utility in place - Verified Contract - Launching Now

r/CryptoMoonShotsSee Post

Dark Knight - Collect. Upgrade. win. - Limited NFT collection from developers of Dark Knight mobile game - Utility in place - Verified Contract - Launching Now

r/CryptoMarketsSee Post

Scaling Platforms are Fast Becoming Increasingly Popular in the Space

r/CryptoCurrencySee Post

Neon Labs plans to support EVM on Solana in early December

r/CryptoMoonShotsSee Post

missed out early doge and shibaino? dont miss MoonRabbit EVM

r/CryptoCurrencySee Post

Evmos has raised over $27 millions to expand in Development of Decentralized Applications(EVM)!

r/CryptoCurrencySee Post

Changes between Vitalik Buterin's Pre-Merge Ethereum roadmap and the new Post-Merge roadmap released today

r/CryptoCurrencySee Post

Polygon (Matic) is not beneficial to Ethereum and acts as a parasitic side chain soaking up its economic bandwidth ❌❌

r/CryptoCurrencySee Post

Warning Starkware will be yet another VC dump

r/CryptoCurrencySee Post

An honest question for Bitcoin maximalists.

r/CryptoMoonShotsSee Post

Frenchain is the first blockchain community built from the ground up to support a comfy vibe and chill atmosphere for all frens.

r/CryptoCurrencySee Post

The Future Blockchains Are Modular (and Those Who Realize This Early Will Be Paid For It)

r/CryptoCurrencySee Post

Automobile Industry and Blockchain Industry Parallelisms – A Tale of David Chaum, Karl Benz, Henry Ford, and Satoshi, The Division of Labor and what the Future of the Crypto Industry Might Look Like (The Modular “Frankenstein” Blockchain).

r/CryptoCurrencySee Post

L2 scaling solutions Arbitrum and Optimism have both flipped Solana in TVL. One without even a native token. L2s are here and scaling DeFi

r/CryptoCurrencySee Post

Tech Talks for Developers (Talk with the Astar Network Dev Team)

r/CryptoMoonShotsSee Post

$CIA - Real Privacy Is Coming To Crypto

r/CryptoCurrencySee Post

Hackathon winners for the first confidential EVM have been announced. Shows new use cases for smart contracts.

r/CryptoCurrencySee Post

Proto-Danksharding (EIP-4844): What's next for Ethereum?

r/CryptoCurrencySee Post

I might have found the cheapest EVM bridge

r/CryptoMoonShotsSee Post

DynoChain Powered By DynoDAO | The Zero-Cost Gas Fee Blockchain | Big Marketing Campaign | Be Part of this Amazing Project | Introducing the veDND governance token

r/CryptoMoonShotsSee Post

DeXit Network is crypto’s most rewarding platform, Flawless Certik, Mainnet Live!

r/CryptoMoonShotsSee Post

$ZOO Racers Beta V2 MultiKart Battle Game Is Now Live For Everyone

r/CryptoCurrencySee Post

ZooRacers Beta V2 MultiKart Battle Game Is Now Live For Everyone

r/BitcoinSee Post

oasis network bringing privacy to the web3 world

r/BitcoinSee Post

what is sapphire?

r/CryptoCurrencySee Post

Ethereum Core Devs Meeting confirms that all dev teams want withdrawals to be a part of Shanghai. EIP-4484 (proto-danksharding) may be moved to a separate update.

r/CryptoMarketsSee Post

What Is OpenSwap (OSWAP)?

r/CryptoMarketsSee Post

Polygon now has more than 53,000 dApps. The real definition of scalability

r/CryptoMoonShotsSee Post

Xeon Labs | Smartwallet App | Xeon Blockchain | Huge Marketing | Strong Community |

r/CryptoMoonShotsSee Post

DynoChain Powered By DynoDAO | The Zero-Cost Gas Fee Blockchain | Big Marketing Campaign | Strrong Community

r/CryptoCurrencySee Post

Regulatory breakthrough: ZTLment becomes Europe’s first payments institution built on blockchain. It is built on Algorand.

r/CryptoCurrencySee Post

Top 3 DeFi Tools on Arbitrum in 2022

r/CryptoCurrencySee Post

'Minecraft' on Optimism - a proof of concept (OPcraft and the MUD engine)

r/CryptoCurrencySee Post

Account Abstraction solves a lot of DeFi custody problems

r/CryptoCurrencySee Post

Milkomeda A1 Rollup will go LIVE on the Algorand mainnet on Oct 19th, one of the first rollups to be deployed outside of the Ethereum ecosystem which will make Algorand EVM compatible.

r/CryptoMoonShotsSee Post

CondorChain, One of the biggest projects this year (SAFU/KYC/Audit) Launched October 15th (16:00 UTC)

r/CryptoCurrencySee Post

Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TVL is going up during this bear market. FTX just added USDC-Algorand, FIFA Marketplace just launched, DeFi ecosystem is booming. 6000 TPS, <4s Finality, Quantum Resistant Falcon keys, State Proofs, .0003$ fees.

r/CryptoCurrencySee Post

Algorand TVL just hit a new All-Time High. It is one of the only ecosystems who's TVL is going up during this bear market. FTX just added USDC-Algorand, FIFA Marketplace just launched, DeFi ecosystem is booming. 6000 TPS, <4s finality. If you're not bullish on Algorand, you're not paying attention.

r/CryptoCurrencySee Post

Milkomeda Receives SupaGrant From the Algorand Foundation to Bring EVM Capabilities to the Algorand Blockchain

r/CryptoCurrencySee Post

Milkomeda Receives SupaGrant From the Algorand Foundation to Bring EVM Capabilities to the Algorand Blockchain

r/CryptoCurrencySee Post

Tech Talks for all Developers (EVM and WASM)

r/CryptoCurrencySee Post

Ricardian Fabric - Ricardian Contracts for EVM-compatible networks

r/CryptoMoonShotsSee Post

Crazy Internet Coin - CIC chain - Hybrid L1 blockchain | The most intelligent smart contract platform on the planet | WenDEX launched

r/CryptoCurrencySee Post

zkSync 2.0 Mainnet Launching on October 29th

r/CryptoCurrencySee Post

The problems with EVM (Ethereum Virtual Machine) and why it has so many exploits

r/CryptoCurrencySee Post

How to KEEP your crypto and wealth for 5+ years

r/CryptoMoonShotsSee Post

CIC chain - Hybrid L1 blockchain | The most intelligent smart contract platform on the planet

r/CryptoCurrencySee Post

MetaMask but with zk SNARK Proofs

r/CryptoMarketsSee Post

EVM Company Brings Blockchain to Hack Boston and Harvard Hackathon

r/CryptoCurrencySee Post

Railgun has built something better than a mixer

r/CryptoCurrencySee Post

OCEAN protocol overview. use the blockchain for store/transfer data

r/CryptoCurrencySee Post

OCEAN protocol. how to bring NFT technology in real life use.

r/CryptoCurrencySee Post

Imagine holding a stablecoin that offers reflection | Partners with visa and mastercard | Low tax | Can be used to pay for bills in the real world | Revolutionizing Reflections. Presenting: Viralcoin

r/CryptoCurrencySee Post

Hackshop: ZKPs on Moonbeam (Polkadot's EVM)

r/CryptoCurrencySee Post

Cosmos - Internet of Blockchains

r/CryptoCurrencySee Post

Part 2 | Introduction to Rollups in Crypto: The power of the zkEVM

r/CryptoMoonShotsSee Post

Tiger Cub $TCUB | New BSC Gem Stealth Launched Today | EVM Chain Next Month | Deflationary | Low Supply | 12K Market Cap | Healthy And Locked LP

r/CryptoMarketsSee Post

Development in PriFi: On-chain Privacy Enabled on Mobile Apps.

r/CryptoCurrencySee Post

Build your own custom EVM with stateful precompiles. Ava Labs's software engineer Aaron Buchwald shows how!

r/CryptoCurrencySee Post

Seeing as Tornado Cash is gone

r/CryptoCurrencySee Post

Seeing as Tornado Cash is gone

r/CryptoCurrencySee Post

Rose and its new paratime Sapphire.

r/CryptoCurrencySee Post

Oasis Network Sapphire Paratime Debut today! 22 September 1pm EST on Zoom

r/CryptoCurrencySee Post

A Research Report: The State of Layer 2s

r/CryptoCurrencySee Post

Thoughts on crypto and an update on my CAKE yield arbitrage strategy

r/CryptoCurrencySee Post

Lots of opportunities for blockchain developers despite the bear market!

r/CryptoCurrencySee Post

Sapphire Hackathon is LIVE NOW

r/CryptoMoonShotsSee Post

CarbonChain $CBC | Next-Gen Cross-Chain DEX | Unparalleled DeFi Access | LaunchPad | Liquidity & Staking Pools |Centralized Support

r/CryptoCurrencySee Post

NEED HELP PLEASE Sent ETH to EVMOS now cannot figure out how to swap for EVMOS

r/CryptoCurrencySee Post

The best web 3 privacy tool in the world!

r/CryptoCurrencySee Post

We are looking for Talented Developers for our hackaton and WIN up to $5000

r/CryptoCurrencySee Post

Join Oasis Network Non-technical hackaton and win BIG PRIZES

r/CryptoCurrencySee Post

Keep it Confidential- Sapphire Hackathon is LIVE NOW

r/CryptoCurrencySee Post

What do you think about Astar Network?

r/CryptoCurrencySee Post

Keep it Confidential- Sapphire Hackathon is LIVE NOW 🔐 💻

r/BitcoinSee Post

BUILD THE WORLD CONFIDENTIAL DAPP IN SOLIDARITY

r/CryptoCurrencySee Post

state bloating, Ethererum and Saito comparison

r/CryptoCurrencySee Post

Everything you need to know about Multi-chain wallet

r/CryptoCurrencySee Post

Everything you need to know about Multi-chain wallet

r/CryptoMarketsSee Post

What I like about Polygon is how diverse they are. Here’s a list of their multipurpose Ethereum scaling solutions:

r/CryptoCurrencySee Post

What makes meme coin so popular on Binance Smart Chain ?

r/CryptoMoonShotsSee Post

DRIVENlabs inc - DrivenEcosystem | DrivenSecurity | DrivenSwap v2.0 | DrivenMigration dApp | DrivenLock dApp | Cyber Knights NFTs | MELONx

Mentions

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Avalanche Pro-Arguments Below is an argument written by cryotosensei which won 3rd place in the Avalanche Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > > 1. Avalanche is a good layer-1 blockchain, which will offer an alternative to Ethereum mainnet and layer-2 solutions. Its less-than-2-seconds finality is superior to that of other blockchains. > 2. Avalanche makes possible the interoperability of blockchains as it allows for speedy transfers of Avalanche and Ethereum assets between blockchains. This is because of the availability of the Subnet-Ethereum Virtual Machine that lets developers create their own programmable EVM-compatible blockchain. > 3. Avalanche has a growing DeFi ecosystem. Last year, the Avalanche Foundation rolled out Avalanche Rush, a $180M liquidity mining incentive program and successfully wooed AAVE and Curve - two significant protocols - to launch on it. > 4. As such, Avalanche has attracted keen interest from both traditional institutional giants and crypto firms. Grayscale is considering it; Celsius allows investors to earn interest on it. FTX now accepts USDC in AVAX. Even 1inch network has expanded its limit order protocols to AVAX. > 5. Avalanche has goals that it is working steadily towards, which could inspire investor confidence. To solidify its niche in subnets, it has rolled out a dedicated Avalanche Multiverse program. DeFi Kingdoms is the first subnet to receive financial support through this program. Aside from subnets, it is funding creative projects through its Culture Catalyst Fund. A joint partnership with Web3 social media platform Op3n, this fund has decided on its first recipient, Grimes, who intend to launch an intergalactic children’s metaverse book on both platforms. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtw2/top_coins_avalanche_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds.

Fantom and Matic pure EVM power!

Mentions:#EVM

The EVM makes for great possibilities in development

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

####**Metamask (Chrome extension)**: I started with Metamask and have been using it for a year on multiple EVM-compatible networks and testnets. Overall: Probably the most powerful advanced user and developer wallet. Still disappointing because its UI is not user-friendly, and it doesn't have that many features. * **Users and UI**: It's a wallet for advanced users and devs. It doesn't have a user-friendly UI or hand-hold you. * UI floats. Can expand to full screen * **Support**: It is universally-accepted across nearly all dApps. It supports all EVM networks since you can enter a Chain ID. * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: You can enter custom nonces, gas fees, tokens * Does not support NFTs, metadata, or address book * You can use it to sign any transaction * Auto-detect some tokens on mainnets. Have to manually add tokens for testnets. * **Security** * dApp connector: Shows requested permissions * Transaction details: Shows you the gas fees, recipient address, function type, bytes, raw data * Warnings: It doesn't do a good job of warning you about suspicious transactions; it expects you to know what you're doing. It will give you a red warning if there is a signature request for a transaction hash. It will give you a warning if the expected gas fee is high, which is a sign that the transaction will fail. HOWEVER, it does not adequately explain to you what those warnings mean. * Can display and revoke app connections. Cannot display what permissions are allowed. * Dev: It is mostly dev-friendly in that you can use it with nearly all dev tools. However, you need a separate web3 interface to interact directly with contracts. * Hardware: Works with Ledger, Trezor, GridPlus Lattice1, and some others ------------------------ ####**Coinbase Wallet (Chrome extension)**: Overall: Very easy to use and supports many features. Great for its testnet ETH faucets. I've only used this for a couple of weeks * **Users and UI**: For retail and very basic dev * Easy to use * UI floats. Cannot expand to full screen * Lists many dApps * **Support**: Supports 9 networks, including 2 L2 networks: Arbitrum One and Optimism. Supports many testnets. Does not allow for custom Chain ID. * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: You can enter custom gas fees * Auto-detects all tokens. This includes any scamcoins that randomly get sent to accounts. Fortunately, you can hide and report the scamcoins. * Supports some NFTs. Auto-detected my ERC-1155 Reddit avatar, but not my ERC-721 NFT on Gnosis. * Does not support custom nonces, metadata, address book * You can use it to sign any transaction. * Combines all account balances together across networks * **Security** * dApp connector: Shows requested permissions * Transation details: Shows recipient address, value sent, gas fee, signatures. Does not show function details, which is a huge limitation for advanced users. * Warnings: Ambiguous blanket warning. It doesn't recognize contract functions and what they do. Instead, it warns on all of them. * Can display and revoke app connections. Cannot display what permissions are allowed. * Dev: Supports most dev tools. However, you need a separate web3 interface to interact directly with contracts. * **Transaction details are too basic** for serious development * **Includes testnet faucet!** This is amazing. * Hardware: Works only with Ledger * Other: * Ironically, it often fails to work in dApps using the Coinbase Wallet connector, but works perfectly fine with the Metamask connector. * Can claim a ".cb.id" username ------------------------ ####**Enkrypt (Chrome extension)**: Overall: Somewhat easy to use and supports many networks. Strangely missing a lot of functions and advanced settings. I've only used this for a couple of weeks * **Users and UI**: For retail and moderate users * Easy to use * UI floats. Cannot expand to full screen * Lists many dApps * Lacks most settings options * **Support**: Supports 21 networks, including many L2 networks and testnets. Does not allow for custom Chain ID. 21 networks. Many subnets, but not Sepolia * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: * Simple gas selection * Very limited NFT support * Does not support custom nonces, gas fees, NFTs, metadata, or address book * You can use it to sign any transaction * Does not auto-detect tokens. Must manually add them. * **Security** * Does not show connect to dApps * Transation details: Shows fees, recipient address, raw data. No function details. * It doesn't recognize contract functions and what they do. * Hardware: Works only with Ledger and Trezor * Dev: No dev support * Other: * Partnered with MyEtherWallet (MEW)? * A bit slow, like a UTXO wallet. Seems to be doing a price lookup after most actions. * Also supports Bitcoin network ------------------------ ####**Trust Wallet and Exodus** I briefly looked at these 2 but didn't continue because their features were very limited. **Exodus** (Chrome extension): Pretty UI. Friendly and easy to use for retail users. Easy to buy and sell popular tokens and cryptocurrencies. Only connects to a dozen different networks and no testnets. Works poorly with complex dApps because it doesn't provide enough details about what the transaction is doing. **TrustWallet** (Chrome extension): Easily the most basic wallet on this list. The UI has extremely-limited options. Only supports 4 networks and 2 outdated testnets. When injecting from a web3 client, it shows about the same amount of details for transaction requests as Metamask. Possibly hasn't been updated in years based on the deprecated testnets it supports. Would not recommend.

Mentions:#EVM#ETH

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Avalanche Pro-Arguments Below is an argument written by cryotosensei which won 3rd place in the Avalanche Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > > 1. Avalanche is a good layer-1 blockchain, which will offer an alternative to Ethereum mainnet and layer-2 solutions. Its less-than-2-seconds finality is superior to that of other blockchains. > 2. Avalanche makes possible the interoperability of blockchains as it allows for speedy transfers of Avalanche and Ethereum assets between blockchains. This is because of the availability of the Subnet-Ethereum Virtual Machine that lets developers create their own programmable EVM-compatible blockchain. > 3. Avalanche has a growing DeFi ecosystem. Last year, the Avalanche Foundation rolled out Avalanche Rush, a $180M liquidity mining incentive program and successfully wooed AAVE and Curve - two significant protocols - to launch on it. > 4. As such, Avalanche has attracted keen interest from both traditional institutional giants and crypto firms. Grayscale is considering it; Celsius allows investors to earn interest on it. FTX now accepts USDC in AVAX. Even 1inch network has expanded its limit order protocols to AVAX. > 5. Avalanche has goals that it is working steadily towards, which could inspire investor confidence. To solidify its niche in subnets, it has rolled out a dedicated Avalanche Multiverse program. DeFi Kingdoms is the first subnet to receive financial support through this program. Aside from subnets, it is funding creative projects through its Culture Catalyst Fund. A joint partnership with Web3 social media platform Op3n, this fund has decided on its first recipient, Grimes, who intend to launch an intergalactic children’s metaverse book on both platforms. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtw2/top_coins_avalanche_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds.

I personally find it very interesting that their blockchain is EVM compatible.

Mentions:#EVM

Just like any other popular DEXes, liquidity providers have full control of their funds, which means they could arbitrarily add/remove their liquidity at any time (to reinvest elsewhere or do whatever they want). The core team couldn’t subsidize or refill forever to maintain the same size of liquidity. However, I totally agreed with you that it’s also the responsibility of the team to seek a more sustainable solution to improve the swap experience on the platform. The first attempt is improving capital efficiency with liquidity amplification plus orderbook with the hope that the swap experience would be better with even less liquidity. Unfortunately, it didn’t work out (to be fair, the liquidity amplification helped a lot but the orderbook didn’t). The second attempt is integrating with external DEXes (e.g. Uniswap, Curve, PancakeSwap, etc) for utilizing their abundant liquidity. It turns out it worked pretty well, at least for EVM-based coins. Please look into the following anonymous swap transactions lately: Swap 1 (20,648 DAI > 17.829 ETH): [https://etherscan.io/tx/0x046124a696c5745f0a1bac4e9a2d514538fa32ffb649507f86c861defceb3ee6](https://etherscan.io/tx/0x046124a696c5745f0a1bac4e9a2d514538fa32ffb649507f86c861defceb3ee6) Swap 2 (48,000 MATIC > 33.088 ETH): [https://etherscan.io/tx/0x4cc653b3050508fd1b2b13068aad5217970b7b775618eb73ea579c418d11a811](https://etherscan.io/tx/0x4cc653b3050508fd1b2b13068aad5217970b7b775618eb73ea579c418d11a811) Specifically, users obtained both anonymity and huge liquidity for their swaps through Incognito. (that’s why we call Incognito a privacy layer of dapps - e.g. Uniswap, in this case). Furthermore, as the liquidity problem of EVM-based coins is solved in that way, we will be able to shift our focus on growing liquidity for popular non-EVM-based coins like BTC and XMR. I mean it would be much easier for the team if we only have to find a way to raise liquidity for the two main coins (instead of many coins as before).

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

Sure, but it doesn't work for EVM chains so....

Mentions:#EVM

Hey r/cryptocurrency community, It’s very helpful for the Incognito team to hear your thoughts about our vision - bringing privacy to the existing cryptocurrencies, for example, EVM-based coins like ETH, DAI, USDC, etc along with EVM-based decentralized applications (dapps). The reason for this question comes from our observation and feedback from Monero community members - they use Monero because they value privacy and they don’t really care or use non-privacy coins like EVM-based ones (Bitcoin is exceptional) So we really wanted to understand if our assumption is right or not and whether users of EVM-based platforms like Ethereum need a privacy solution for their assets and their favorite dapps (says a privacy layer for Uniswap so that people can swap coins anonymously). Thanks in advance for your sharing!!

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

Can anyone ELI5 me what is optimisitc roll up and what is zK on EVM L2 solutions?

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

Great team, great tech, lots of partnerships, and bright future ahead. It's also one of the few coins that has held up pretty strongly during the bear market. Going into 2023 when they launch Polygon Zero, Miden, zk-EVM, Nightfall, etc...it's going to be a powerhouse. Plus, I'm sure they have much more planned for long term.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds.

#Cosmos Pro-Arguments Below is an argument written by Shippior which won 1st place in the Cosmos Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [Cosmos](https://cosmos.network/) ([ATOM](https://www.coingecko.com/en/coins/cosmos-hub)) is a dPoS blockchain. Often it is named in the list of 3rd generation blockchains like ADA, DOT, ALGO, etc. As one can already see it has a lot of competition. To be able to get a better view of ATOM it is to not describe what it is in itself but how it compares to its competitors. > > ATOM compares best to DOT with regards of above list. Just as with DOT the sole purpose of ATOM is to provide security for the network around it. Contrary to DOT, that leases parachains to other networks as a payment for using the security of DOT, the IBC (Inter Blockchain Connection) is free to use for every network that whishes to do so. This has led to a higher capacity of shitcoins on Cosmos compared to Polkadot but it has also ensured that the development of many chains has been faster than it has been on Polkadot. > > Compared to ADA the Cosmos network has a lot more flexibility. The eUXTO model of ADA still provides many limitations in DeFi, which ATOM does not have. It has multiple DEXes ([Osmosis](https://osmosis.zone/), [Crescent](https://app.crescent.network/swap) and [Sifchain](https://www.sifchain.finance/) are just a couple of examples) and currently there are multiple parties working on bringing EVM to the Cosmos, with [Evmos](https://twitter.com/evmosorg) being the most anticipated product which has launched last week. > > The biggest advantage of investing in Cosmos at this very moment is airdrops. The set way to introduce new networks to the network is to airdrop coins of a new network to holders of several networks. This way it is ensured that you are able to participate in a new network, free of cost, or just sell off the airdrop in a network you are not interested in for a small profit (free money = free money). For newcomers: Airdrops are only available when one stakes a minimum amount (normally 5 ATOM) in a non-custodial wallet. E.g. the ATOM should be taken of a central exchange like Binance and be staked through a wallet like [Keplr](https://www.keplr.app/) which fortunately is really easy to use. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sifdk5/coin_inquiries_cosmos_proarguments_february_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds.

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Cosmos Pro-Arguments Below is an argument written by Shippior which won 1st place in the Cosmos Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [Cosmos](https://cosmos.network/) ([ATOM](https://www.coingecko.com/en/coins/cosmos-hub)) is a dPoS blockchain. Often it is named in the list of 3rd generation blockchains like ADA, DOT, ALGO, etc. As one can already see it has a lot of competition. To be able to get a better view of ATOM it is to not describe what it is in itself but how it compares to its competitors. > > ATOM compares best to DOT with regards of above list. Just as with DOT the sole purpose of ATOM is to provide security for the network around it. Contrary to DOT, that leases parachains to other networks as a payment for using the security of DOT, the IBC (Inter Blockchain Connection) is free to use for every network that whishes to do so. This has led to a higher capacity of shitcoins on Cosmos compared to Polkadot but it has also ensured that the development of many chains has been faster than it has been on Polkadot. > > Compared to ADA the Cosmos network has a lot more flexibility. The eUXTO model of ADA still provides many limitations in DeFi, which ATOM does not have. It has multiple DEXes ([Osmosis](https://osmosis.zone/), [Crescent](https://app.crescent.network/swap) and [Sifchain](https://www.sifchain.finance/) are just a couple of examples) and currently there are multiple parties working on bringing EVM to the Cosmos, with [Evmos](https://twitter.com/evmosorg) being the most anticipated product which has launched last week. > > The biggest advantage of investing in Cosmos at this very moment is airdrops. The set way to introduce new networks to the network is to airdrop coins of a new network to holders of several networks. This way it is ensured that you are able to participate in a new network, free of cost, or just sell off the airdrop in a network you are not interested in for a small profit (free money = free money). For newcomers: Airdrops are only available when one stakes a minimum amount (normally 5 ATOM) in a non-custodial wallet. E.g. the ATOM should be taken of a central exchange like Binance and be staked through a wallet like [Keplr](https://www.keplr.app/) which fortunately is really easy to use. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sifdk5/coin_inquiries_cosmos_proarguments_february_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds.

#Cardano Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Cardano Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Cardano Cons** > > It has been almost a year since the Alonzo (smart contract) release, which revealed that it's difficult to build a DEX for eUXTO transactions instead of account transactions. Even after the release of SundaeSwap and MinSwap, we've seen issues for DEX development related to slow smart contract transaction speeds. Cardano is currently releasing a much-needed Vasil update to help with smart contracts by increasing throughput and reducing transaction fees. **Overall, Cardano is better than Bitcoin, but much worse than most other newer smart contract networks that have much higher throughput and lower transaction fees, often 100x better than Cardano's.** > > ###Extremely slow network > > * ADA's current **max TPS with smart contracts is ~1.2** based on the [peak network activity and congestion in Mar 2022](https://messari.io/asset/cardano/chart/txn-cnt). Without smart contracts, it's 8 TPS. This could supposedly rise to 30 TPS after the Vasil update and block size and speed adjustments. I see a max of 250 TPS quoted a lot, but it's not valid because that's with major block size/speed adjustments and without smart contracts. Even though eUTXO transactions can process batch transactions and often include multiple inputs and outputs, this is really slow. It's nowhere near the limits needed for global adoption on Layer 1. Many of Cardano's competitors like Avalanche, Polygon, Algorand, and most 3rd-generation EVM-compatible networks, have already surpassed Cardano's TPS by 100x. Their transactions fees are also usually much lower at under $0.01 each. > * The distant Basho update is also supposed to bring further scaling increases, but we don't have any solid details on it. Scaling via Hydra sharding is far away on their timeline. Hydra also uses multi-party state channels, which are not as simple or convenient to use as Layer 1. > * **Storage inefficiency**: [Cardano's average transaction size](https://blockchair.com/cardano) has now doubled to 1500 bytes / transaction since the introduction of smart contracts. [Ethereum](https://blockchair.com/ethereum) is 7x more storage-efficient than Cardano even though Cardano has very little smart contract activity. > > ###Cardano Smart Contracts and DEXs > > - **Programming adoption**: For Cardano's Plutus smart contract, Haskell is not a well-liked programming language and feels arcane in comparison the Javascript-like language of Ethereum's Solidity. It's been difficult to onboard smart contract developers, especially since Ethereum is already so far ahead on adoption. And most other smart contract networks also support Solidity. Cardano is alone on Haskell, making it expensive to develop for it. > * **Tiny Total Value Locked**: The TVL on Cardano is currently [$135M](https://defillama.com/chain/Cardano), which is 400x smaller than Ethereum's TVL at [$56B](https://defillama.com/chain/Ethereum) or 40x smaller than Avalanche's C-Chain. It's about the same size as [MoonRiver](https://defillama.com/chain/Moonriver), which is a test parachain on the test network, Kusama. Cardano's DeFi is a ghost town. > * **DEX rollout** in the past year was an absolute mess. Concurrency failures for the Minswap Dex during their Alonzo smart contract test revealed that it's much harder to develop a DEX on Cardano smart contracts due to the limitation of eUXTOs. Back in September, SundaeSwap published [a detailed explanation of the concurrency issues](https://sundaeswap-finance.medium.com/concurrency-state-cardano-c160f8c07575) plaguing Cardano. Proposed solutions involved centralization of the smart contract and using multiple UXTOs on a higher layer that would later settle on Layer 1. > * **SundaeSwap** finally released [an incomplete and slightly-buggy DEX](https://cryptobriefing.com/sundaeswap-promises-first-functional-dex-on-cardano/) on the testnet after many months of delays. It had [extremely slow speeds on SundaeSwap](https://beincrypto.com/cardanos-first-dex-sundaeswap-fails-to-impress-on-launch/) with a limit of only [9 users operations per minute per scooper](https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819). > > ###Competitors > > * Cardano's development has been extremely slow and delayed. There are so many monolithic Layer 1 smart contract competitors that can already do DEXs much more efficiently with higher scalability than Cardano: Polygon, Avalanche, Algorand, Elrond, many Tendermint networks. > > ###Moderately-expensive Fees > > * Cardano Transactions [fees](https://messari.io/asset/cardano/chart/txn-fee-avg) are currently about $0.15 - 0.50 USD as of May 2022. While these are cheaper than current Bitcoin network transaction fees of ~1-4 USD and much cheaper than Ethereum network transaction fees of 2-10+ USD, they're way more expensive than those of other many other competing crypto networks. Nano, ALGO, XLM, XRP, DASH, BCH, and MATIC fees are all below $0.01 on average, which makes them appropriate for microtransactions. > * Swap fees on MinSwap and SundaeSwap are way cheaper than on Ethereum, but still expensive at $0.50+ due to processing fees. > > ###Diminishing Staking Rewards in the long run > > * Cardano is currently inflationary to about [5-6% annually](https://solberginvest.com/blog/is-cardano-deflationary/). The inflation by itself isn't bad, but it's coming from a diminishing rewards pool that will gradually disappear by 2030. In just 4 years from now, the staking reward will drop to 2-3% unless transaction fees rise drastically to replace the rewards pool. If it drops that low, people will stop staking Cardano, leading to less security and decentralization. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvvo/top_coins_cardano_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano_(blockchain_platform\)) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

Just a smart contract platform and an EVM make up BNB/BSC.

Mentions:#EVM#BNB

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to result in a consistent state. > * With the exception of client bugs that can have unexpected and widespread effects, deterministic PoS networks are very resistant to reorg attacks since they can be immediately detected when a double-spend happens. Bad nodes will be immediately slashed and that double-spend will never go through. > > **Long-term scalability as a settlement layer** (major): > > Ethereum has long-term scalability through Layer 2 rollups. It can offload all its data bloat and computations off-chain. > > Many monolithic blockchains are fine for now, but they eventually all suffer from massive data bloat on their blockchains unless they also offload to Layer 2 solutions. When this happens, they will be playing catch-up with Ethereum. > > **Economic sustainability** (major): > > * Ethereum PoS is one of the ONLY networks that's expected to be deflationary due to its extremely-high fees. Ethereum PoW's amount of inflation is [now offset 35%](https://watchtheburn.com/) in Jun 2022 by the amount burned per transaction from EIP-1559. After the merge, the issuance is expected to drop 80%, making Ethereum PoS the first popular blockchain that will have **supply deflation** and become a positive-sum investment. > * In contrast, many other blockchains have enjoyed lower transaction fees by subsidizing network costs through charging investors with inflation. > * **Polygon PoS** distributes $400M in inflationary rewards annually but only collects $18M in fees. > * **Solana** collects only $40M in fees but gives away 100x that much ($4B) in rewards [[Source](https://polynya.medium.com/why-rollups-data-shards-are-the-only-sustainable-solution-for-high-scalability-c9aabd6fbb48)]. > * **Cardano** rewards stakers from a diminishing rewards pool that is on schedule to drop 90% in 5 years. > * **Bitcoin** pays miners with block subsidies (set to diminish by 99% in 30 years) that are 50-100x bigger than its transaction fees. When their subsidies disappear, unless they have major governance changes, these networks are either going to see much higher fees, or their security is going to decrease drastically. > * **Avalanche** has 10% inflation, and the [burn rate](https://burnedavax.com/) is 100x smaller than the issuance rate. > * **Algorand** pays from a staking reward pool [that disappears in 2030](https://algorand.foundation/governance/algo-dynamics). Its low transaction fees don't cover the cost of paying for validators and relay nodes. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwvz5/top_coins_ethereum_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Mentions:#EVM

#Ethereum Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Background > > Ethereum is a **multi-layer smart contract ecosystem** that is currently migrating from Proof of Work to Proof of Stake: > > * Layer 1 - Consensus/Settlement layer > * Layer 2 - Execution/Rollup layer > > ## PROs > > **First-mover advantage** (major): > > Like Bitcoin, Ethereum enjoys a first-mover advantage. Being around longer than all other smart contract networks gives Ethereum a massive advantage in adoption, which leads to greater decentralization, security, liquidity pools, and app development. Because of the first-mover advantage, Ethereum easily trounces its competitors in security and popularity, and those competitors have little chance of catching up even though their virtual machines are more efficient than EVM. > > **Resilient to spam and Denial-of-Service attacks** (moderate): > > Due to high gas fees on the Ethereum network, it is extremely resistant to DDoS attacks and spam attacks. Ethereum is battle-tested and hasn't sufferred a major DDoS attack since 2016. > > Some of its competitors are still dealing with DDoS attacks. Every time the Solana network goes down from DDoS attacks, which have happened at least 6 times in the past year, there are huge complaints from the crypto community. You need a large amount of memory and bandwidth to keep up with fast networks like Solana. Similarly, Polygon suffered an unintentional DDoS attack from [Sunflower Farmers game](https://www.coindesk.com/tech/2022/01/06/polygon-under-accidental-attack-from-swarm-of-sunflower-farmers/) in Jan 6. For several days, bots ground the network to a halt. > > **Proof of Stake resistant to 51% attacks** (minor): > > * 51% attack (for PoS and PoW) can only revert or censor transactions. [It cannot be used to steal accounts.](https://thedefiant.io/vitalik-eth-cross-chain-bridges-security/). Every transaction has to