Only the fittest blockchain would survive in the crypto world
We are able to see that many new coins have started to emerge in the crypto world. Every coin tries to solve some problem or the other in the real world. For example, BCH wanted to solve the high transaction fees issue on Bitcoin and the speed at which the transactions happened and they did really well. But in spite of doing all that, it is not something that took away Bitcoin completely but it did end up being a good alternative to Bitcoin when we talk about certain common features.
In the last decade, we have had so many new blockchains emerging. Some of the blockchains are just there for fun and there is no big use case or anything. Founders wanted to have some fun and they created a blockchain with some new concepts and it is still prevailing. As long as there are node operators, a blockchain would be surviving in the world producing new blocks.
Bad chains would fade away
Steem is one good example of that. I would still consider steem great only for just one reason that it was the reason why we have Hive with us now. After JS took over the platform, the chain struggled a little bit. There was even a theory saying that any new blockchain that forked out of an existing blockchain would obviously cost lower than the parent chain. I think Hive broke that record and is holding strong. Now after all that confusion, Steem is standing now with no proper leader to take it forward.
This is where decentralization is very important. If only one person is responsible for all the decisions on a blockchain and for all the things that happen on a chain, there is a high risk of failure. For example what if that person wants to quit everything or if some unfortunate thing happens to them suddenly. The chain will suffer along with the investors. Decentralization plays a very great role here where even if several centuries pass, the chain can keep going without any halt.
In the last decade, we have seen many new blockchains emerging. That is not the real big thing but along with such blockchains, there were also a few that vanished away. Either the founder ran away with all the money or it was never supposed to be a serious blockchain at all.
Fittest will survive
I personally think that blockchains that make people interact more and invest more on a day-to-day basis can survive for a longer period of time. Having a good use case is always good. Without having a use case, the blockchains have to be dependent on someone to pump them. That's what happens for Doge. Elon is continuously pumping Doge by announcing something or the other. For me, a real potential blockchain is something that is naturally popular and self-sufficient to keep going. That's what will keep it fit and going for years together.
I personally feel that Hive can be one such blockchain that has a very good use case and will keep going on and on for several more years. One of the biggest positive things is that Hive has the opportunity for social interaction. We have a strong platform here where people can share their thoughts and interact with each other.
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