Gourmet Crypto

Technical insights, in plain English, around smart contract blockchain platforms, open finance (DeFi), and layer-2 scaling solutions.

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The Evolution of the Multichain

58 implied HN points • 25 Aug 23
🕹 Technology Blockchain Cryptocurrency Ethereum
  1. The blockchain space is filled with diverse participants, including researchers, developers, traders, and more, engaged in a complex game.
  2. Bitcoin clones and 'coin chains' faced limitations with lack of dApps and real utility beyond basic money transfer functionalities.
  3. Ethereum brought novel applications and the ERC20 standard, revolutionizing crowdfunding and demonstrating scalability beyond Bitcoin's limitations.