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WillPapper
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Whenever I talk to people outside of crypto, they flat out do not understand why rollups exist. It's like asking an average person to know which cloud provider a website is using. Unfortunately,
Ethereum
puts that choice front and center.
#ETHย
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WillPapper
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I'm betting on a multi-chain world with specialized use cases rather than multiple general-purpose chains competing for the same developers and users. Chains will be differentiated by more than vibes.
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Ethereum mainnet had a massive advantage in 2021: everything was in one place. But because everything was in one place, it wasnโt able to scale. It was presented with a choice: Scale horizontally (many chains) or scale vertically (one big chain). It chose the former with a rollup-centric roadmap, and avoided solutions like sharding that would split the difference between these approaches. This created fragmentation, opening an opportunity for Solana. Solana enjoyed the same advantage for many years as the only SVM chain. But will this advantage persist as Solana network extensions (i.e. rollups) gain adoption? Or will Solana become as fragmented as Ethereum?
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Spinning up your own appchain is 10x easier than a year ago. All of the tooling has gotten simpler to deploy. Account abstraction went from 8 weeks + upfront payments to nearly instant deployment.
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Wallets that are multi-chain by default are essential to the future of crypto. Most wallets were created in a one-chain or few-chain world. Even Coinbase Wallet, which is more natively multi-chain than most, has you worry about various ETH and USDC versions on different chains and forces you to bridge between them.
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Itโs interesting to look at the advantages of being a first mover in a new VM architecture. Ethereum was the only EVM chain for many years. Solana was the only SVM chain for many years. Both created strong network effects as a result, which are gradually weakening as more EVM and SVM chains come online. Compare that to the MoveVM ecosystem, where Aptos, Sui, and Movement are all competing for mindshare among the limited supply of Move builders. Monad, MegaETH, Rise all promise "EVM chain but faster", but when there are three launched simultaneously, which gets critical mass? The biggest advantage of vertical scaling is avoiding fragmentation, but having many chains pursue vertical scaling on the same VM creates the very same fragmentation.
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