Is This the Next Internet?

The comparison is drawn between the current financial system and Web 3.0, emphasizing that not all transactions need to occur on the same layer. Web 3.0 is projected as the next paradigm shift, set to power trillions of dollars in economic activity with Ethereum as the foundational layer. Concerns are raised about Ethereum's potential pitfalls in sharding, impacting network effects and compossibility. A possible risk is highlighted if Ethereum fails to transition smoothly to a faster system, potentially losing its current advantages. The importance of maintaining coherence across different chains for seamless integration of smart contracts is underscored, as any fragmentation could hinder composability. The analogy of building a web application with interconnected APIs is used to illustrate the potential loss of speed and efficiency if the system is not optimized. Ethereum's initial success in creating a globally distributed computer for various applications is acknowledged, emphasizing the need for a successful evolution towards scalability for continued leadership in the blockchain space.