The Web3 ecosystem is still in its infancy, but it is clear that it will be a game changer. Decentralization is a revolutionary concept with the po...
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The obsession with blockchain in #web3 is insane, and is holding back development/uptake of far more interesting technologies that also facilitate a lot of the same ideals - without the ludicrous resource usage. In almost every project I've seen, blockchains are shoehorned in for no reason other than they're the latest buzzword, when the reality is that their use is generally over-engineering and inappropriate application of technology.
Hi Jon, thanks for your comment.
Indeed, there have been a ton of projects out there, that have tried to profit from the hype of blockchain and web3, that would have otherwise not seen the light of day.
But we do think that blockchains can and should be part of the tech stack for certain applications.
It permits the creation of value on the protocol level instead of only the application level.
We've seen plenty of successful technologies in the past that got abused because of unsuitable implementations.
That'll probably not change with web3, god knows we've seen plenty of hacks in the last year alone to suggest otherwise.
But my point is that blockchains are more than just a new buzzword, it allows you and me to create new types of applications that were not possible before.