I’ve just gotten into crypto in the past couple of months. It’s incredibly overwhelming when you’re starting. What the hell are all of these cryptos for? Why do we need them all? Which one should I pick?
I think a lot of people struggle with similar questions when they’re starting out. Eventually you have the “Ah ha!” moment. Many of these aren’t competing with each other. Many of them are working together with each other. They’re making each other better. Even if blockchains, protocols, or products are competing – that doesn’t mean you have to pick “the right one”. I’m not saying all of them will survive, but many of them will. I know many veterans know this, but many new people likely don’t. Our future holds many interconnected blockchains, each with many products on it. Many of the products will be on several competing blockchains. They will exist together, communicate with each other, and eventually they’ll probably provide a relatively seamless user experience even across different blockchains.
This isn’t all inclusive, but here’s what the ecosystem roughly looks like. If I’ve made any mistakes please let me know!