The Connection Between Crypto and the Internet
The relationship between crypto and the internet runs deep, as both share a similar DNA. A recent report by Architect Partners explores how the internet’s journey can provide valuable lessons for the development of crypto. The report compares the 28-year history of the internet with crypto’s initial 8 years.
Lessons from the Internet’s Rollercoaster Ride
The internet faced skepticism in its early days but eventually became the foundation for many important modern applications. The groundwork for the internet was laid in the 1960s, but it wasn’t until 1992 that a reliable way for computers to communicate with each other was established through TCP/IP.
Birth of Companies We Can’t Live Without Today
The evolution of the internet led to the emergence of platforms like AOL, Yahoo, and Netscape in the mid-1990s. The late ’90s saw a massive influx of investment, driving tech innovation and the birth of companies like Amazon, Google, Salesforce, and Netflix.
Will Crypto Follow a Similar Path?
Like the internet, crypto has faced challenges and skepticism. However, it is still in its early stages of development. The report raises the question of whether crypto will be accepted like the internet or remain an outlier.
Hot Take: Crypto’s Potential Future
The future of crypto remains uncertain, but there is potential for it to follow a similar trajectory to the internet. Just as the internet took time to gain widespread acceptance and become a foundation for valuable applications, crypto may also need time to mature and prove its practical value. Only time will tell if crypto can truly learn from the internet’s playbook.
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