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Why do we need so many blockchains?

New blockchains are launching constantly. It is hard to follow everything that is happening in Web3 space.

Do we really need that many blockchains? How do you see the future of landscape of blockchains?

  • blockchain
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Sergey Ilin.
Sep 30 2022, 02:07

I think this is an interesting topic. I expect number of new blockchains without a real break-through innovation to continue growing until real adoption of the blockchain technology happens in the world. New blockchain will have to be 10x better than widely adopted once to get a real interest. Currently we are in the stage of active innovation and experimentation with the technology.

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Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.

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