DFINITY President Dominic Williams in an interview The Block criticized the investment decisions of users of the crypto industry and called 95% of blockchains “junk.”
According to Williams, this is the industry's “biggest problem today.”
Williams noted the usefulness of the Bitcoin, Ethereum, Solana and Avalanche blockchains, but questioned the audience's understanding of their limitations in terms of creating a scalable internet that operates efficiently in time and cost.
The founder of DFINITY called the Internet Computer Protocol “the only third generation network.” It is he who can create a new on-chain era of online interactions, Williams emphasized.
Some popular blockchains are good for processing transactions, he said, but they are unlikely to form the basis of an entirely new decentralized internet that mainstream users will adopt en masse.
Previously, Colosseum co-founder and former head of growth at the Solana Foundation, Matty Taylor, predicted Solana's leadership in the number of consumer decentralized applications.
Source: Cryptocurrency
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