Bankless A Conversation with Michael Ippolito
Feb 17, 2024
Michael Ippolito, a crypto analyst from Blockworks, dives into the evolving world of cryptocurrency and blockchain. He discusses the playful dynamics of profile pictures in digital communities and the strategic importance of airdrops in engaging users. The conversation also tackles the competitive landscape of Ethereum, Bitcoin, and emerging chains like Solana and Celestia. Additionally, Ippolito shares insights on navigating the current bull market and how new technologies are reshaping the Web3 landscape.
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Blockchain Convergence
- Blockchains are converging towards centralized block production with decentralized verification.
- Three evolving paths include Ethereum's rollups, high-TPS chains like Solana, and aggregated ZK proofs.
One Chain to Rule Them All?
- One dominant blockchain is unlikely due to constant forking and new chain development.
- This is driven by VCs, retail interest, and the cyclical nature of app chains seeking sovereignty.
Forces of Blockchain Diversification
- Entrepreneurs drive blockchain diversity by exploring alternative trade-offs in chain design.
- General and application-specific blockchains are converging as general chains specialize and app chains broaden.