Opinion of: Grigore Roșu, founder and chief executive
For some, the audacity to question the primacy of blockchain in web3 is heretical at the limit. The idea that decentralization and progress could exist without blockchains seems absurd for those who have built careers around Bitcoin, Ethereum and their descendants. Given the well -documented blockchain scaling ups, however, there is an argument to make that web3 does not really need blockchains to prosper. Instead, it requires verifiable payment systems and settlement systems that are super fast. Blockchains are just a way to get there, not the only way.
Although the blockchain has solved the problem of double expenditure, it introduced its own architectural load: the rigid fixation on the total control, dictating that each transaction must wait for its turn in a global queue, treated by a monolithic consensus mechanism. Initially, it made sense in the context of payments, where security and simplicity were essential. However, in the context of web3, where complex applications require speed, flexibility and a scale, this same mechanism has become a constraint. It imposes a kind of serialized tyranny, the limitation of developers and locking developers in a narrow path of design options.
Fastpay’s undeniable influence
The application of Fastpay mobile discounts has proven that double expenditure can be avoided differently without a total order. This has inspired systems like Linera, which use independent local orders while maintaining global verifiability, proving that a different and more scalable future is possible and already in progress. Fastpay has also inspired the tastes of Pod and the Protocol of objects with single owner of Suis. If Fastpay had been invented before Bitcoin, the blockchain could never have captured cultural or technical imagination in the way.
Recent: Beijing to invest in blockchain, integrate into infrastructure
Some will undoubtedly argue that the total order is essential for financial integrity or that without blockchains, decentralization itself is uprooted. These concerns, however, confuse a particular implementation of non-no-confidence itself. What really underlies the decentralized systems is the verifiability of a transaction, and not the precise order in which this has happened in relation to all other world transactions.
Blockchain growth pains are always exposed
While the Dencun d’Ethereum upgrade has sought to improve transactions through “blobs”, the basic architecture remains linked to the total control. Even with the Introduction by Solana of the network system, the network continues to undergo breakdowns caused by bugs and excessive load. In addition, the L2S explosion is more a bypass solution than a solution, the unloading transactions of the mains only to reintroduce them later by delayed lots, which leads to an endless cycle of what is essentially the management of congestion.
The rise of flexible payment and payment protocols
As in inherited technological circles, the mantra “evolving or dying” certainly applies to investors and manufacturers anchored to traditional blockchain architectures. In the future, the protocols hierarchy flexible and verifiable payment systems and the regulations for total rigid orders will unlock much more speed and better user experiences. As the decentralized applications evolve and the autonomous agents trained by AI begin to interact with blockchains, the cost of the sequencing of the order will become a competitive responsibility.
There have already been signs of this tectonic change, with the growing adoption of modular blockchain frames like Celestia emphasizing a wider recognition than conventional blockchains are too rigid. Data availability layers, execution fragments and off -duke verification mechanisms are all attempts to cut the reliable validation of the blockchain from its limiting sequencing model. Although these efforts are not entirely breaking from the past, they undoubtedly point to a future of a more adaptable infrastructure.
A new role for the blockchain
This does not mean that the blockchain will disappear, but it must evolve. For the future, its most sustainable role can be as a universal verifier, minus a big book and plus a decentralized notary in a wider and more agile battery. Although it is a necessary evolution, unfortunately, it is difficult to see how this change will be fluid, because too much capital, ideology and career risk are linked in the story of the inheritance.
Many venture capital funds, Defi protocols and “Ethereum killers” are invested financially and in a repair in the maintenance of central blockchain. But history has little mercy for technological holders who cling to yesterday’s model. Just as the Internet has exceeded its first closed gardens, Web3 is ready to go beyond the rigidity of the sequencing in blocks. The fruits of the next infrastructure wave will belong to those who will understand and capitalize on this inflection point.
Opinion of: Grigore Roșu, founder and chief executive officer of PI Squared.
This article is for general information purposes and is not intended to be and must not be considered as legal or investment advice. The points of view, the thoughts and opinions expressed here are the only of the author and do not reflect or do not necessarily represent the opinions and opinions of Cointellegraph.
