Web3 Faces Debate Over Multichain vs Single Chain Future

Some blockchains like Polygon think a multichain world is the answer to web3's problems, while others like Solana believe there will be one dominant chain.
Chains like Polygon are focused on scaling existing chains like Ethereum, while chains like Aptos and Solana aim to be scalable layer-1s.
Solana's CEO believes there will be a single dominant layer-1 chain that handles most crypto and financial transactions due to future hardware improvements.
While a unified chain sounds convenient, it could also be risky to have everything on one chain, like banking through Google.
Different chains have different focuses, so a multichain world allows options, though it creates interoperability challenges.

techcrunch.com

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Posted 9/26/2023, 6:11:34 PM