It costs $436 to deploy a smartcontract on Ethereum
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Re: It costs $436 to deploy a smartcontract on Ethereum
#2Solana FTW! It appears to be the top alternative, especially if you love Rust.
Re: It costs $436 to deploy a smartcontract on Ethereum
#3To deploy an NFT contract^*
Re: It costs $436 to deploy a smartcontract on Ethereum
#4I wonder what the cost of deploying the same NFT contracts on L2s would be?
Re: It costs $436 to deploy a smartcontract on Ethereum
#5Solana FTW! It appears to be the top alternative, especially if you love Rust.
Solana is a fully centralized chain completely controlled by its creators, as evidenced by their recent unilateral shutdown on the last bug. Regular blockchains are already utterly useless, but they have the benefit of being decentralized. Solana is a scam, and so are 99% of the chains being created.
Re: It costs $436 to deploy a smartcontract on Ethereum
#6Solana FTW! It appears to be the top alternative, especially if you love Rust.
Solana is a fully centralized chain completely controlled by its creators, as evidenced by their recent unilateral shutdown on the last bug. Regular blockchains are already utterly useless, but they have the benefit of being decentralized. Solana is a scam, and so are 99% of the chains being created.
> Regular blockchains are already utterly useless
Curious why you think so? Also agree Solana is quite centralized but I wouldn't say it's a scam.
Re: It costs $436 to deploy a smartcontract on Ethereum
#7These sorts of extreme costs are inherent to any trustless decentralized system like Ethereum. Storing and verifying contracts across tens if not hundreds of thousands of nodes is not free.
Re: It costs $436 to deploy a smartcontract on Ethereum
#8Solana FTW! It appears to be the top alternative, especially if you love Rust.
Solana is a fully centralized chain completely controlled by its creators, as evidenced by their recent unilateral shutdown on the last bug. Regular blockchains are already utterly useless, but they have the benefit of being decentralized. Solana is a scam, and so are 99% of the chains being created.
Having an issue due to bugs exacerbated by market volatility and IPOs don't mean that something is centralized as indicated by the issue report, it just means it still has kinks—which is why mainnet is still considered beta until it proves otherwise. Additionally, anyone can run a validator node but the specs needed are beefier compared to something like Algorand, so the more people running nodes then the more decentralized it becomes.
Re: It costs $436 to deploy a smartcontract on Ethereum
#9I wrote that smart contract as concept art! ( https://cryptologie.net/article/542/project-memento-an-nft-a... ). Nice to see this on the front page :)
A few years ago, deploying a smart contract only cost a few dollars. It raised questions like “wouldn’t anyone then spam the blockchain and increase its size in non-scalable way?” I guess pricing “solved” that issue.
We considered Avalanche as an alternative, as it supports the same VM for smart contracts, but integrations with tools (metamask, etherjs) and services (infura, opensea) is not there yet, and or course everybody is on Ethereum anyway so there’s an egg and chicken issue at play.
Re: It costs $436 to deploy a smartcontract on Ethereum
#10Earlier quoted context omitted.
Solana is a fully centralized chain completely controlled by its creators, as evidenced by their recent unilateral shutdown on the last bug. Regular blockchains are already utterly useless, but they have the benefit of being decentralized. Solana is a scam, and so are 99% of the chains being created.
> Regular blockchains are already utterly useless Curious why you think so? Also agree Solana is quite centralized but I wouldn't say it's a scam.
This is just one of many VC backed coins trying to be the next Ethereum.
These VC coins don't enable mining so there's no dilution on the initial holders. Saving the environment is just a nice alibi to lock in the cap table.
There's also no disclosure on what price did the initial round happen at. 40 cents/80 cents /1$? If you buy Gold/Copper you have a fair idea on what the mining cost is for the industry. These are just fairytales propagated by further vc money to build more virtual fantasies on the database they control.