What mistakes should you avoid when comparing Blockchain platforms?

The use case directs the choice of the optimal technology. Alignment of technology and business processes is not an easy task. Technology is evolving, so I always suggest designing architecture that is as much as possible Blockchain agnostic. It means it should be possible to transition to the new Blockchain if required. It is crucial to realize that requirements may evolve, and Blockchains also evolve. Nothing is constant, so flexibility is critical.

First, know what you want your DApp to do. Consider speed, security, and if it's public or private. Think about smart contracts, oracles, and how it works with other systems. Know your preferred language and decision-making process. This helps you choose the right blockchain, preventing confusion. Also, think about adoption. Is it easy for developers to start, like in Solidity, or complex like Haskell for Cardano? Understanding all these things ensures your DApp fits your needs and is developer-friendly.

El típico error es comparar precios. Primero debemos tener en claro nuestra necesidad, en función a eso debemos analizar los beneficios de cada cadena de bloques, costos lógicamente, y servicio. Debemos ponderar las distintas variables que vamos a analizar y poner puntajes. Hacer una matriz de ponderación por variable y por plataforma, y ahi si tomar la decisión mas acertada objetivamente

In addition, you should understand that not all blockchains support DApps. The Bitcoin blockchain, for instance, can only handle very simple logic. So, even though it's extremely secure, you won't be able to host your DApp there.

The quality of documentation, developer tools, and possible support from the particular Blockchain Foundation are very important as they impact the cost of deployment. Other important aspects of public blockchains that are utterly different from legacy technologies are the ecosystem, community, and interoperability.

Some platforms support multiple programming languages, while others only support one or a few. Some platforms are compatible with existing platforms, such as Ethereum, while others are not.

These are some of the nuances that you should look out for. You have to compare the code and the safety. You should look into the number of people using it. You need to understand the business models. The business models are generally the same, but they widely differ according to how it is done, who the counterparties are, and what pros and cons they have. In short : Focus on the tech. Focus on the people. Focus on the business model. The process is neither linear nor straight forward. It is not the same as in the traditional world, where you have a predefined set of standards and criteria to look through. There are a significant number of variables to deal with when comparing blockchain platforms.

Testing several blockchains might be expensive and impractical. Instead, the agile approach is to review the documentation quality first and consider the self-declared metrics provided by the Blockchain provider. Place the bet on a particular Blockchain and do a rapid prototype. If that works and fulfills the requirements just continue building on it.

That's exactly right! Moreover, most, if not all, blockchains have test networks where you can run your smart contracts for free. You should always consider doing this before going full-scale into production.

Well,,,, ✅ When comparing blockchain platforms, consider the future, not just the present. 🔮 Look for platforms with a clear vision, a strong roadmap, and a committed team and community. 🚀 Choose a platform that is future-proof and adaptable to changing demands, regulations, and challenges. 🛡️ Remember, the future of blockchain is bright! ✨

🚀 When you're peering into the future of blockchain platforms, a smart move is to dive into their economic activity. 📈 Take a glance at economic metrics like TVL (total value locked), DAA (daily active addresses), token supply, smart contract revenue, debt levels, and DEX (decentralized exchange) volumes. 👀These nuggets of info can unveil how well a platform is growing compared to its rivals, especially when you consider different timeframes. Understanding which platforms are gaining momentum and which ones are hitting a plateau or sliding downhill is a game-changer when you're figuring out where to launch your project. 🤝

It's essential to cut through the noise of industry hype and look beyond marketing. For instance, while Ethereum is widely celebrated for its smart contract capabilities, it's important to objectively assess its scalability challenges and gas fees compared to newer platforms like Arbitrum and Optimism. Similarly, don't let the celebrity endorsements of a platform like Tron overshadow a critical evaluation. Base your comparisons on concrete factors such as transaction speed, security features, consensus mechanisms, and developer support, rather than succumbing to the latest trend or influencer opinion. By focusing on data-driven analysis, you ensure a choice that aligns with your specific needs and the platform's proven capabilities.

I recommend one thing; to always look at the history. Look into the track record of the team and the people involved in it. Did they abandon a project in the past? Do they have a history of continuing things and reaching their goals? All of these parameters matter. That's a guaranteed indicator of whether a platform is exponentially growing or potentially losing its heat after some time.

I totally agree, but with a small caveat. Essentially, if you're planning to launch your DApp on a blockchain where hardly anyone else is doing so, you should think twice about whether to switch your blockchain choice. The community may have significant reasons why this path isn't widely chosen.

There is no standardization or benchmark of Blockchain scalability and performance. Those metrics are self-reported and not comparable across different chains. They may obscure what really matters for the use case. Transaction cost is one of the critical metrics for the majority of the use cases, as it directly impacts the feasibility of the business model, but it might vary depending on the token price and congestion. The critical metric is latency, but it is a spectrum and not a single number. Additionally, it is very challenging to measure.

Welll,,,, When comparing blockchain platforms, don't make these 5 mistakes: Not doing your research 🧐 Focusing on hype over substance 🤫 Comparing apples to oranges 🍊 Not considering the long-term sustainability 🌱 Not getting involved in the community 🤝