Dfinity Foundation's Dominic Williams says 95% of blockchains are 'junk' and the industry seems more concerned with narrative than substance.
Dfinity Foundation's Dominic Williams doesn't pull any punches when asked to give his thoughts on the world of crypto and blockchain, an area he's been working in for roughly a decade.
It's clear Williams highly regards his team at Dfinity Foundation, which he says boasts "1,000 years" of research and development expertise and the Internet Computer blockchain it launched. He's not so generous with the rest of the industry. "A blockchain is a kind of compute platform, and it can either be like a traditional blockchain that does compute sequentially, like Ethereum, Solana, or it can be a third-generation blockchain that can scale and compute" more efficiently, making it possible to build web3 platforms like on-chain social networks, he said.
While Internet Computer may claim technical superiority to rival blockchains, the protocol has not been without its issues, at least in terms of maintaining a timeline. After Dfinity Foundation delayed the launch of the Internet Computer Protocol in late 2018, it eventually launched roughly two and a half years later.
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