Ethereum's Tale of Two Chains
Blockchain is not just a huge pile of data created by miners and users. It's also not just the specification describing valid state transitions and a genesis block describing initial state. What makes a blockchain valuable is human consensus, a widely held belief that creating machine consensus according to a certain set of rules is useful. In addition to an exactly specified genesis block, chains are also born with a set of ideas attached to them. Each user can have their own ideas about why the chain might be valuable and how valuable it is. Unfortunately, one can have assumptions....
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The race between public chains, which are the cornerstone of the blockchain industry, has always been at the center of attention. Recently, along with the impending Merge and the boom of new, Move-based public chains, the category has once again attracted the spotlight. While Ethereum stays the dominant player in the sector, emerging public chains […]
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