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Why a Web3 Version of SpaceX Would Be Good For The Whole Industry

August 2, 2023
in Web3
Reading Time: 2 mins read
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TL;DR

With the intention to remedy the blockchain trilemma, we want a Web3 model of SpaceX.

We’re not speaking about an organization that makes rockets for the metaverse, or one who makes selections about merchandise primarily based on how pointy they’re…

We’re speaking about an organization that reinvigorates blockchain builders, in the identical approach that SpaceX reinvigorated the house trade.

With the intention to remedy for the Holy Grail of Web3, fixing the blockchain trilemma, we want extra firms with formidable and thrilling targets.

Full Story

With the intention to remedy the blockchain trilemma, we want a Web3 model of SpaceX.

(That will make little sense proper now, however hear us out).

What’s the ‘blockchain trilemma’?

The ‘blockchain trilemma’ has been known as the ‘Holy Grail’ of blockchain growth.

It requires a single blockchain challenge to be:

Up to now, there hasn’t been a challenge that is met all three standards (at the easiest they’ve met two) – for instance:

Bitcoin is very safe and decentralized, however it might probably solely course of seven transactions per second (which is approach too gradual to assist billions of customers).

Solana helps waaay extra transactions per second (~4000 proper now), it is decentralized, however much less safe than BTC.

Why do we want a Web3 model of SpaceX?

We’re not speaking about an organization that makes rockets for the metaverse, or one who makes selections about merchandise primarily based on how pointy they’re…

We’re speaking about an organization that reinvigorates blockchain builders, in the identical approach that SpaceX reinvigorated the house trade.

Between touchdown on the moon, and the founding of SpaceX, there was little curiosity in pushing rocket know-how forwards.

However the mission to make the human race a multi-planetary species acquired folks excited once more – that is a significantly formidable and fulfilling idea for these of us who get to work on it.

With the intention to remedy for the Holy Grail of Web3, fixing the blockchain trilemma, we want extra firms with formidable and thrilling targets.

Growth, caught the touchdown.

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