Do you know how Flow blockchain can surpass the Ethereum ecosystem? I have some specific ideas about it.
I believe that Flow is the blockchain that the next billion people should use. Its architecture and design philosophy are excellent. Cadence is optimized for mainstream customers to own NFTs.
While there are still some technical improvements to be made, why is the Flow blockchain, which is so outstanding, not being widely adopted? To address this fundamental issue, I have launched a project called Tobiratory and am currently developing an app.
Let’s have a discussion about this. I will write out specific strategies for Flow to achieve great success in the future. Please share your thoughts as well.
To fully explain, it would require a vast amount of text, so I’d like to break it down into smaller parts. This time, I want to delve into the investigation of the root causes of why Flow blockchain is not being used and propose solutions.
In conclusion, the main reason is that the network effect of the Ethereum ecosystem is too strong. The network effect means that more people use it because everyone else is using it.
In a purely technical selection process, Flow could be a viable choice.
However, the reason this doesn’t happen is that the decision-makers in the business sector only want to choose chains compatible with Ethereum due to the network effect. There is no incentive for them to choose the Flow blockchain, which lacks customers and an ecosystem.
I believe the Flow development team understands this up to this point. That’s why they announced EVM on Flow. While it is better to have it than not, it doesn’t provide a fundamental solution.
To give an analogy, it’s like opening trade between Japan and Canada, but if there is no incentive for people to live in Japan in the first place, the number of people living in Japan won’t increase.
Do you know about a blockchain called Aster? It’s a parachain of Polkadot.
I’m Japanese, and I’ve considered using Aster because its founder is also Japanese. However, I ultimately decided not to use Aster. When I asked the developers on the team, they mentioned that the Wasm layer and EVM layer were being confused, leading to a poor development experience, so I stopped considering it.
Development experience is crucial. We are concerned that by implementing EVM on Flow, we may end up with the same issues as Aster.
By the way, here are some things we would like Flow to address before EVM on Flow:
- To create a full-on chain product, the storage limitations need to be resolved.
- Using external storage like IPFS would worsen the developer experience, similar to sharding.
- Improve the archiving of past transactions through Sporks, as it negatively impacts the developer experience.
There is a concern that when Data Availability Layers like Celestia become practical and connect with the EVM, Flow may be at a disadvantage in terms of overall capability. To strive for a perfect blockchain, priority should be given to this development.
So, how can the fundamental problem be solved?
The answer is simple: the next billion people should create NFTs on Flow.
The Ethereum ecosystem’s network effect has a significant vulnerability, which is that it only captures crypto-natives.
If Flow could onboard the next billion people, the network effect would reverse. Businesses would flock to Flow with its larger customer base. As businesses gather, developers focusing on B2B solutions for these businesses would increase, and the ecosystem would thrive.
To summarize, Flow developers should concentrate on making Flow the best blockchain without worrying about EVM. Developers building Dapps on Flow should focus on attracting the next billion people to Flow.
Now, the question is, is it possible to bring the next billion people to Flow, and who will do it?
That’s where we, Tobiratory, come in. I have specific strategies in mind. However, to make it a reality, cooperation from the Flow ecosystem is necessary, which is why I’m writing this message.
For now, I’ll stop here. Please share your thoughts and opinions.