Thousands of existing tokens will disappear, and the number of blockchain platforms will be significantly reduced. So say some experts working in the cryptocurrency market, writes CNBC.
The head of the Web3 Foundation, Bertrand Perez, believes that there are “too many blockchains and tokens” in the industry right now:
“Just like in the early days of the internet, when there were a lot of dot-com companies and a lot of them were scams, didn’t add any value, and it all disappeared. Now we have very useful and legal companies.”
Ripple CEO Brad Garlinghouse admitted that “dozens” of cryptocurrencies will remain on the market in the future:
“There is a question, do we need 19,000 new [цифровых] currencies. There are about 180 currencies in the fiat world.”
Earlier, Guggenheim investment director Scott Minerd called most cryptocurrencies “junk” and said that only Bitcoin and Ethereum would “survive” the crypto winter.
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Thousands of existing tokens will disappear, and the number of blockchain platforms will be significantly reduced. So say some experts working in the cryptocurrency market, writes CNBC.
The head of the Web3 Foundation, Bertrand Perez, believes that there are “too many blockchains and tokens” in the industry right now:
“Just like in the early days of the internet, when there were a lot of dot-com companies and a lot of them were scams, didn’t add any value, and it all disappeared. Now we have very useful and legal companies.”
Ripple CEO Brad Garlinghouse admitted that “dozens” of cryptocurrencies will remain on the market in the future:
“There is a question, do we need 19,000 new [цифровых] currencies. There are about 180 currencies in the fiat world.”
Earlier, Guggenheim investment director Scott Minerd called most cryptocurrencies “junk” and said that only Bitcoin and Ethereum would “survive” the crypto winter.
Subscribe to Cryplogger news in Telegram: Cryplogger Feed – the entire news feed, Cryplogger — the most important news, infographics and opinions.
Found a mistake in the text? Select it and press CTRL+ENTER
