Web3 at Crossroads as General Purpose and App-Specific Chains Jostle for Dominance

October 28, 2024 10:05:00

The Web3 space is at an interesting turning point. A big question looms: Will the future be all about app-specific blockchains tailored to particular use cases, or will general-purpose blockchains like Ethereum and Solana continue to dominate? Both approaches are bringing something unique, and whichever way this plays out, could shape the future of Web3.

Currently, general-purpose Layer 1 blockchains (think Ethereum or Solana) are the backbone of Web3. These blockchains are designed to…

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