The History of Smart Contract Platforms

By jer979!! | | 12 Jul 2022

I’m sure I’ll get flamed by some of the ETH maximalists out there, but I’ve been thinking about the history of smart contract platforms.

Given that the space is about 6 years old, that’s a bit rich, I know, but the pace of tech innovation is so rapid that I think it’s ok to do that.

And, yes, I have skin in the game on being right about this, so take it with a grain of salt, but here’s the deal.

The more I study the Ethereum Virtual Machine model for a “world computer,” the more impressed and respectful I am of the immensity of the innovation.

But, at the same time, the more I see it as a v1. As I wrote on Twitter,

For the first few decades of flight, it was all about propellers…until the jet engine arrived in the 1930s and 1940s when, pun intended, aviation really took off.

I believe I recall watching the movie “To Fly” as the US Air and Space museum and it credited the jet engine (and really the jet commercial airliner) with doing more to change international relations than anything else in history.

That’s what I think will happen with crypto and DeFi.

I’m not saying Radix will win, but what I am saying is that Radix is like a jet engine compared to the EVM’s propeller model.

Now, just need to convince everyone else 😉

and also prove that jet engines are faster and more reliable than propellers.

How do you rate this article?


Explorations of the emerging crypto-economic models and their potential implications

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.