Blockworks - Despite 2024's underwhelming start, the next-generation blockchains can fulfill Satoshi's vision of global decentralized finance, not just digital cash

https://blockworks.co/news/bitcoin-halving-bitcoins-original-vision-layer-one

While 2024 was expected to be a big year for crypto, it has been underwhelming so far. The true potential of crypto lies in decentralized programmable assets, not just digital cash.

The biggest barriers to achieving this vision are scalability issues and security risks with current blockchain technologies like Bitcoin and Ethereum.

The hope is in the emergence of next-generation layer-1 networks that could provide the tools needed for secure and user-friendly Web3 applications.

What do you think?