# Welcome to the L1 Wars!

**Published by:** [Rustyblob](https://paragraph.com/@rustyblob/)
**Published on:** 2022-01-18
**URL:** https://paragraph.com/@rustyblob/welcome-to-the-l1-wars

## Content

Wish you had joined Google or Facebook back in 2010? The new FAANG is being built right before us ... now! Welcome to the L1 Wars: ETH, SOL, AVAX, ADA, NEAR, GLMR ETH was the original smart contracts platform, basically launching blockchain-based computing in 2015 Since then it has proven to be so successful, that with it’s limited block (computation) supply, the price to do any transaction on it has skyrocketed! You have to pay ~ $130 to do a swap transaction! (safe to say, my wallet is not happy) This is where other blockchains (Layer 1s) have come in to fill the gap, each with their own pros/cons Sol: Building the Nasdaq for blockchains - Speed and Low transaction fees, amount, above everything else Avax: EVM compatible proof of stake chain, allowing apps built on Ethereum to be ported over directly Ada: Proof of stake chain, built by co-founder of ETH to build across its initially design shortcomings Near: With its unique consensus mechanism, Doomslug, they are trying to eliminate the shortcomings of Eth limitations - low transaction speeds, low throughput Glmr: EVM compatible, POS chain, ad theoretically interoperable with other 99 para-chains on DOT Eth 2.0 - and of course, the big boy, Eth 2.0, switching of Eth from proof of work to proof of stake consensus, and solving its scalability dilemma Lots of different approaches for solving the smart-contract scaling problem In the end, all of these might turn out to be collaborative, and not competitive, unlike the Web2 world

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