DEV Community

Cover image for The noise around blockchain
Scofield Idehen
Scofield Idehen

Posted on

1 1 1 1 1

The noise around blockchain

A lot is happening around web3, and the question most are asking is, what is the next big step?

ETF?

With many big corporations like Blackrock getting involved and influencing the market side.

What is the future?

memecoins, shitcoins flying around with rugpulls and conferences filled with web3 developers trying to convince themselves.

Everyone is building, but nobody has a clue where we are going.

The government is weary but eagle-eyed to regulate and keep the hype down.

As a web3 developer myself, I share the blame because we are lost in the maze.

I believe we have reached a point of reevaluating our current route.

Are we heading in the right direction?

Are we carrying everyone along? Is this how Satoshi would have wanted it?

Was this how the Industrial Revolution started?

We must look at the playbook and see if we are getting it right.

What do you think?

Top comments (4)

Collapse
 
jonrandy profile image
Jon Randy πŸŽ–οΈ β€’

Blockchain is mostly a solution looking for a problem.

Collapse
 
scofieldidehen profile image
Scofield Idehen β€’

This is deep, but there is a problem side to why it was created, I only have issus with the adoption model.

Collapse
 
thetanweerali profile image
Ali β€’

Blockchain is a fad, nothing new that can't be done with a database.

Collapse
 
scofieldidehen profile image
Scofield Idehen β€’

It's application model is critical for cross border transactions and its quite efficient for avoiding strigent restrictions

Image of Timescale

Timescale – the developer's data platform for modern apps, built on PostgreSQL

Timescale Cloud is PostgreSQL optimized for speed, scale, and performance. Over 3 million IoT, AI, crypto, and dev tool apps are powered by Timescale. Try it free today! No credit card required.

Try free

πŸ‘‹ Kindness is contagious

Please leave a ❀️ or a friendly comment on this post if you found it helpful!

Okay