“For the past decade, crypto has been bottlenecked by an endless loop of new monolithic [layer 1] smart contract platforms, each racing to the bottom to sacrifice decentralization and security to provide cheaper transaction fees,” said Celestia Labs co-founder Mustafa Al-Bassam. “Web3 cannot scale within the constraints of a monolithic framework.”
Related posts
-
Is This Bearish For Solana? $180 Million Transfer Raises Eyebrows
With almost $180 million in SOL tokens moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain... -
MEW Token Challenges Dog-Themed Memecoins on Solana Blockchain
Cat in a dog’s world (MEW) is a cryptocurrency project that... -
WienerAI Raises $7M Through Trending Presale: Could This AI Meme Coin Explode?
WienerAI (WAI) is proving there’s still plenty of appetite...