Ethereum (ETH) founder Vitalik Buterin has warned that new blockchain chains will likely fail if they don’t offer something unique to users.
According to Buterin, emerging chains should put more focus on meeting the needs of the average user and work towards enacting a fresh philosophy into the crypto sector, he said during an Ethereum Ask Me Anything (AMA) session on Reddit.
He equated the situation to the existence of Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB), which were among the original social media sites and have partly remained the dominant players despite the emergence of other platforms. In this line, he noted that as two leading crypto projects, Ethereum and Bitcoin (BTC), have established themselves and emulating them might lead to failure.
“I am just getting more and more convinced that chains that try to be indistinguishable from Ethereum to the average user are going to get ignored and fail, and users are going to interpret Bitcoin vs Ethereum vs Cosmos vs
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