I think we are at a stage where we do not know what the competition is. Like in the case of Ethereum people do not want the same apps from the "web 2.0" in a "web 3.0" format - they want new models.
By the same analogy it is interesting to see what type of new app models can IC kickstart.
DeSo is not something new to IC - there have been many others (still around) which acquired some network effects and userbase (ex: steemit, bitclout) Even if there are some new use cases that can be brought based on the underlying tech stack there is Crypto Twitter, TG and Discord as the bases for web 3.0 communication and network effects.
ICP as a blockchain is not comparable to Ethereum in terms of network effectiveness and there is no need to try to overtake it, and cloud services need not be the goal as well.
I have a feeling that perhaps a web3-like extension of a web2-like one will be the killer app for ICP, as I felt after using OpenChat and Dstar's decentralized social networking applications. Bure Ocean!
I think we are at a stage where we do not know what the competition is. Like in the case of Ethereum people do not want the same apps from the "web 2.0" in a "web 3.0" format - they want new models.
By the same analogy it is interesting to see what type of new app models can IC kickstart.
DeSo is not something new to IC - there have been many others (still around) which acquired some network effects and userbase (ex: steemit, bitclout) Even if there are some new use cases that can be brought based on the underlying tech stack there is Crypto Twitter, TG and Discord as the bases for web 3.0 communication and network effects.
I agree with the opinion.
The conclusion will be that there are no rivals.
ICP as a blockchain is not comparable to Ethereum in terms of network effectiveness and there is no need to try to overtake it, and cloud services need not be the goal as well.
I have a feeling that perhaps a web3-like extension of a web2-like one will be the killer app for ICP, as I felt after using OpenChat and Dstar's decentralized social networking applications. Bure Ocean!
Nice post.
Kind of tough to discuss “competition” when the potential markets and applications are still so nascent.
Great article, thank you Kyle