Why Multichain Collaboration Is Critical To The Future Of Web3

Hacker Noon May 2, 2022
Daniel O'Keeffe

The proliferation of various blockchain ecosystems has brought a boom to the overall ecosystem. Each chain has unique characteristics that come with its own advantages.

Furthermore, different kinds of distributed ledgers are all required in order to change different industries – finance, publishing, media, healthcare, cybersecurity, education, music, gaming, etc.

Sadly, the history of blockchain evolution has not been built on the principles of collaboration and unity, but division and conflict.

The Beginning Of Web3

The Bitcoin genesis block was mined in 2009 with the following message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. Its use case was clear, as a substitute for a clearly corrupted dollar printing system where bailouts were granted to institutions but...

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