A common EOS holder’s opinion on how, EOS sidechains will benefit mainchain EOS holders.
As I was thinking about the future of EOS and the impact that it would have on the blockchain industry as a whole. The thought hit me like a ten-ton pallet of bricks. I don't think I was thinking of EOS deeply enough in terms of the true potential of the technology, almost everyone involved in EOS right now is focused on the mainchain launching in the projects that will be built on it, but what gets little attention is the potential of the EOS sidechains and their benefits to all Eos mainchain holders.
First off the Greater EOS Ecosphere is not just made up of the mainchain EOS holders , it will also be made up of potentially countless sidechains all linked together with inter blockchain communication, furthermore some sidechains may possibly release using the EOS Genesis snapshot which means that many EOS Genesis holders would gain a dividend AKA (airdrop) to do with as they please.
Others sidechains with their own coin holder distribution would still be linked to the EOS mainchain and benefit the EOS ecosphere bye being a testing grounds for all sorts of niche decentralized applications, that could easily be integrated/ported over onto the mainchain, (especially when you consider that it's all running on the same software) some of these application may potentially have game changing innovations, this would logically increase the value of the EOS mainchain as well.
All sidechains would be a net benefit to the EOS mainchain, because of niche governance models which would attract any potential holders that for whatever reason disliked the EOS mainchain governance model. Essentially being more attractive to a browder community of users. Many sidechains will also have niche improvements which would benefit the Greater EOS Ecosphere in a unprecedented way. Combined with having the ability to adapt quickly without Hard Fork controversies, will be a much needed improvement to the blockchain industry.
The sidechains will be tiny ecosystems in and of themselves testing what works and strengthening the EOS ecosphere in the process. The Greater EOS Ecosphere is a Metroplex, and like any metroplex it has one Big City at its center AKA (the EOS mainchain) surrounded by lots of suburbs AKA (all EOS sidechains) all interconnected and working together for a better future for all involved. This my friends is how EOS will come to dominate the blockchain industry in years to come. Thank you for reading, HL Watson.
Excellent analysis. I absolutely agree, the inter blockchain communication opens a huge potential for EOS as a blockchain ecosystem. With competing government models, this would always also put pressure on the mainchain, to be attractive for a majority or otherwise be replaced by another chain.
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