What kind of blockchain technology and infrastructure will really win the race in future & take over the mantle from Bitcoin?
(Photo by André François McKenzie on Unsplash)
I think its going to be an idea that tries to bring everything under on umbrella. The reason for this is that the present crypto market is so overwhelming for you average joe that they simply avoid it. For en-mass adoption things need to be 'dumbed down' or simplified.
There are already so many good projects/ideas in the cryptosphere but they are all occupying their own separate corners. This has made the cryptosphere a vast and a confusing place. People come here and find so many projects that after a while they simply don’t know to what idea to invest in. I feel that this can be turned around and the whole cryptosphere can be presented in a manner where it is more manageable for the regular people and at the same time it maintains its technical diversity.
The idea is to create one single platform where other good projects (that are already functional on other blockchains) can be brought and be reborn under the under the umbrella of one blockchain. Let us assume that this new platform is called “The One” and the new token be called “One coin“.
By other good projects I mean that they should already be fully functional and have their own token and their own user base. The next step is to bring these projects on this new platform that I propose. Then there has to be a mechanism where their tokens can be absorbed in the new platform and be replaced by the token if this ONE platform.
I do not propose that the native token of these projects be destroyed but rather be hidden under a second layer of protocol that interacts with the platform and shows an equivalent value of the The native tokens then simply become non-fungible but are still used for doing the underlying calculations so “one coin” can be used as their new medium of value exchange.
This in turn would lead to a situation where “one coin“becomes the token that the users would now be using for transactions.
I believe that we cannot force mass adoption to happen. It will happen organically on its own, but I do feel that if we are able to position a project in a right manner then it can be the leader for the incoming wave and reap most of the rewards.