Ava Labs Executive Says NYSE Partnership Signals Shift Away From General Purpose Blockchains
(3 hours ago) · 1 source · Summarized by CryptoBipto
An Ava Labs executive has stated that the company's deal with the New York Stock Exchange represents the end of blockchain's 'general purpose era.' The executive argues that the industry is moving toward purpose-built, specialized blockchain infrastructure tailored for specific institutional use cases.
WHY IT MATTERS
Think of early blockchains like smartphones that try to do everything — they can browse the web, take photos, and play games, but they are not the best at any single task.
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SOURCES
- cointelegraph.com
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