The number of blockchains and distributed ledger networks has exploded in the last year. As established networks like Bitcoin and Ethereum are hitting both economic and technical scaling limitations, migration to other chains is becoming a necessity for many developers, miners, and entrepreneurs.
Diverse networks competing for a share of the crypto market have unique advantages and disadvantages. As time goes on, it is becoming clearer that there is no perfect solution to all blockchain needs. There are trade-offs that have to be made in development to optimize a blockchain for specific purposes.
For example, IOTA is trying to perfect a system for payments on the Internet of Things, VeChain is specializing in supply chain management, and Stellar wants to create a global payments network that will be highly functional in low latency situations like rural Africa.
The best solution to these specific needs is simple: tailor individual networks to the individual needs that they need to…