Though, there seem to be some core things they actually can’t change, and IOG argues quite well that network entrenchment effects everyone imagines to be here don’t exist, people who actually write smart contracts (as opposed to currency boosters), empirically, seem to be quite willing to try other platforms, and Cardano will develop compatability with ethereum contract code, which could just clear the way entirely.
What’s the argument?
A lot of current blockchain projects are building blocks that can be used by other projects. If you take a uniswap pool, other smart contracts on Ethereum can trade on that pool while smart contracts outside of Ethereum can’t trade on it. Even if Cardano will implement Solidity and the uniswap code can be run over at Cardano, the resulting uniswap pool won’t have the same liquidity and thus higher transaction fees.
While thinking myself about what’s necessary for a good prediction market to exist, access to Kleros or an equivalent seems to be important. It might be possible to have interchain functions in a few years, but the network with the most applications allows a lot more to happen as long as the interchain functions are not seamless.
What’s the argument?
A lot of current blockchain projects are building blocks that can be used by other projects. If you take a uniswap pool, other smart contracts on Ethereum can trade on that pool while smart contracts outside of Ethereum can’t trade on it. Even if Cardano will implement Solidity and the uniswap code can be run over at Cardano, the resulting uniswap pool won’t have the same liquidity and thus higher transaction fees.
While thinking myself about what’s necessary for a good prediction market to exist, access to Kleros or an equivalent seems to be important. It might be possible to have interchain functions in a few years, but the network with the most applications allows a lot more to happen as long as the interchain functions are not seamless.