Opinion: Grigore Roșu, founder and general director Pi Squared

For some, the boldness of questioning the primacy of blockchain in Web3 is heretical. The idea that decentralization and progress can exist without blockchains seems absurd to those who built a career around Bitcoin, Ethereum and their descendants. Given the well -documented blockchain scaling limits, it should be the argument that web3 does not really require blockchain to develop. Instead, it requires payment systems and verifiable settlement systems that are very brisk. Blockchains is just one way to achieve this, not the only way.

While Blockchain solved a double issue problem, he introduced his own architectural burden: fixed consolidation of total ordering, dictating that each transaction must wait for its turn in a global queue, processed by the monolithic consensus mechanism. Initially, it made sense in the context of payments in which security and simplicity were the most essential. Despite this, in the context of Web3, where complicated applications require speed, flexibility and scale, the same mechanism has become a limitation. It imposes a kind of seriesis tyranny, bandwidth choking and blocking programmers on a narrow lane of design options.

Undeniable impact of fastpay

The Mobile Fastpay transfer application has proved that double issuing can be avoided differently without a total order. Inspired systems, such as liner, which employ independent local orders while maintaining global verifiability, proving that a different, more scalable future is possible. Fastpay also inspired the protocol of SUD and Sui objects for one owner. If Fastpay were invented before Bitcoin, Blockchain would never capture cultural or technical imagination in the way she did.

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Some undoubtedly say that complete ordering is necessary for financial integrity or that without blockchains, decentralization itself is developing. However, these fears will mistake the special implementation of flawlessness with the trust itself. What really is at the root of decentralized systems is the verification of transactions, not the exact order in which it took place in relation to each other global transaction.

The growing blockchain pains are still displayed

While the improvement of Dencun Ethereum sought to improve the transaction capacity through “stains”, the basic architecture remains related to the total order. Even with the introduction of the network system through the salted network, there are still breaks caused by errors and excessive load. In addition, the L2S explosion is more bypassing than the solution, discharging transactions from main meters only to re -introduce them to delayed parties, which results in an endless cycle of what is essentially the management of crowding.

Escalate in versatile payments and settlements

Like in Legacy Tech Circles, the mantra “Evolve or Die” certainly concerns investors and builders anchored in established blockchain architecture. Following forward, the protocols prioritize the versatile, verified payment systems and settlement over the fixed total ordering, will unlock much greater bandwidth and better experiences of user. As the decentralized applications and autonomous agents powered by artificial intelligence, they begin to interact with blockchains, the cost of sequencing everything in order will become a competitive responsibility.

There have already been signs of this tectonic shift, along with the growing reception of modular blockchain frames, such as Celestia, emphasize the broader recognition that classic blocks are too imperceptible. Data availability layers, executive shards and offchain verification mechanisms are attempts to separate Blockchain’s trusted validation from its limiting sequencing model. Although these efforts may not break off the past, they undoubtedly indicate more versatile infrastructure for the future.

Modern role for blockchain

This does not mean that Blockchain will disappear, but it must evolve. Looking to the future, its most enduring role may be a universal verifier, less main book and a more decentralized notary public in a wider, more agile pile. Although this is imperative evolution, unfortunately it is arduous to see how glossy the change will be, because too much capital, ideology and career risk is associated in a brave narrative.

Many project funds, DEFI protocols and “Ethereum killers” are financially and reputative in the maintenance of central blockchain. But history has little pity for technological operators that adhere to yesterday’s model. Just as the Internet has shifted its early gardens, WEB3 is ready to go beyond the stiffness of the block sequencing. Fruits from the next wave of infrastructure will belong to those who understand and employ this point of inflection.

Opinion: Grigore Roșu, founder and general director of Pi Squared.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.