Zilliqa is DOOMED to fail.

(Just my opinion. Wrote this a while back so things have probably have changed a bit.)

So I was thinking a lot about Zilliqa’s future in the long term and whether it is still a good investment for the long run. To me it doesn’t seem to be in the right position and doing the right things. Yeah Zilswap 2.0, the initial launch offering, and the Zil-ETH PolyNetwork Bridge will help Zilliqa for sure but I don’t think it will be enough in the long run if certain other things don’t change. Here are my thoughts…

Zilliqa seems to specialize mainly in 2 areas: In sharding to achieve high TPS, which improves as the blockchain increases in size, and in their own smart contract language called Scilla that is more secure than certain other types of smart contracts.

My concern is the ecosystem, Zilliqa lacks a robust amount of DApps and partnerships: https://www.zilliqa.com/ecosystem Zilliqa’s competitors like Ada, Polkadot, XLM, and Ether have much more robust ecosystems with greater DApps and partnerships. And they are also much larger blockchains (more nodes) with much lager market caps.

It seems that Ada, Polkadot, XLM, and Ether are well poised with their scalability, blockchain size, security measures, TPS (Ethereum is in the process of upgrading to 2.0) and partnerships to do what Zilliqa wants to do in terms of fast and secure transactions. Not to mention how Ethereum already has a high amount of DApp activity that allows for secure smart contracts. I mean wouldn’t most people stick to using DApps on Ethereum and later down the road Ethereum 2.0? Since a lot of big companies and so many people are already doing so with the Ethereum blockchain, instead of using the Zilliqa blockchain.

Basically, Zilliqa’s competitors have clear advantages in partnerships, DApp activity, and blockchain size. I’m not really sure that Zilliqa can compete in the long term against these other giants. I know that Zilliqa has a hard at work team that is dedicated to the project, but even still when Ethereum 2.0 launches with sharding its partners will benefit from it greatly. Zilliqa is the leader in sharding right now but I do not think there is enough activity as I expressed in the aforementioned 3 clear advantages of its competitors.

Personally, if Zilliqa can’t greatly expand its partnerships, DApp activity, and blockchain size then it will be doomed to fail once the Ethereum 2.0 blockchain launches unless they make specific changes to the core areas in which Zilliqa specializes in. In all honesty, Zilliqa going past the $1 mark will be a major uphill battle that I think it will lose. If Zilliqa can’t reach the $1 mark before Ethereum 2.0 launches, then it will most likely never hit the $2 mark let alone $5 mark in its lifetime as cryptocurrency. That is unless Zilliqa successfully changes direction in their blockchain model for Zilliqa, Ethereum 2.0 does not succeed in sharding and integrates Zilliqa’s sharding into its blockchain somehow, and/or Zilliqa has a major breakthrough in the DApp technology that it uses for its blockchain. But these are just 3 hypothetical scenarios of what Zilliqa needs to happen in order to prevent it’s inevitable downfall in the coming years.