21,000 cryptocurrency While many of them are working towards solving a specific problem, many of them are projects that want to take advantage of the hype in cryptocurrencies and do not aim to solve a problem.
With such diversity, it becomes very difficult for investors to determine which project is the right one and to evaluate their investments accordingly.
The last comment on this issue came from Eric Schmidt, former CEO of Google. Stating that Chainlink (LINK) has superior technology and is one step ahead of its competitors, Schmidt said that LINK has a bright future.
In a recent conversation with Chainlink founder Sergey Nazarov, Schmidt stated that Chainlink scales better than other cryptocurrencies like Bitcoin and Ethereum.
According to Schmidt, the same features that have made tech giants successful in the last decade apply to Chainlink today.
“Companies that won on Web2 had better technology. And they put in more capital to work, moved faster and grew faster.
In this context, I think that the same features that have made technology giants successful in the last decade apply to Chainlink.
Chainlink was early and very smart with its introduction to web3.
Web3 will eventually replace web 2.0, which is dominated by giants like Google and Facebook.
The winners (and I think that certainly applies to Chainlink) have better technology and scale better.
Now speaking as a computer scientist and you have to get the architecture right so you can go from 10 users to 10 million users and most systems.”
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