← Crypto & DePIN

One chain fits all is dead; IBC-style interoperability is the way

WCEF 2022: Infrastructure for the New Internet - Web3 (World Crypto Economic Forum (WCEF))

“The one chain fits all is not a solution — we saw that with Ethereum, and other chains that are trying to have the shared state model are not scaling as they were expected, like Solana or Avalanche… there’s consensus that bridges are very insecure and interoperability is the way to go, like the IBC style.” — 00:24:22

Context: On what infrastructure components must mature next; he flags cross-chain identity and composability as unsolved.

See it among all Crypto & DePIN predictions →