How to easily grasp the market hotspots, technical trends, ecological progress, and governance situation happening in the Web3 industry? The "Market Trend Observation" column launched by Web3Caff Research will delve into the frontline of current hot events, and provide value interpretation, commentary, and principle analysis. Looking at the essence through the phenomenon, immediately follow us to quickly capture the latest market trends in Web3.
Author: 0x95, Web3Caff Research Researcher
Cover: Logo by this project, Typography by Web3Caff Research
Word Count: The full text is over 2500 words
Whether it is the Ethereum blockchain, the various L2 solutions built around the Ethereum blockchain, or the other "Ethereum killers", their construction is dedicated to breaking through the current challenges of blockchain infrastructure in balancing decentralization, security, and performance, and the process of breaking these challenges is also promoting the Web3 field to be able to spawn truly phenomenal applications. The reason for using the word "truly" is that although some blockchains currently perform well in terms of performance, they do have certain centralization issues. The drawbacks of centralization are that they may be subject to single point failures and are easily susceptible to 51% attacks, which can compromise the network security of the entire blockchain, causing the industry to question whether it is truly a blockchain, which is also an indirect obstacle to innovation at the application layer.
