Web3 At Crossroads As General Purpose And App-Specific Chains Jostle For Dominance

10/28/2024 2:06:14 PM

(MENAFN- Investor Brand Network) 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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