When the Web3 narrative got very popular in 2021, I was still in college and had only recently been introduced to blockchain technology, smart contracts, and decentralized applications. Like many at the time, I imagined that Ethereum or another highly performant smart contract blockchain would grow to become the base layer of the Internet. The other outcome in my mind was a “multi-chain” future where the Internet ran on multiple smart contract L1s. And Bitcoin, being a boring chain devoid of Turing completeness, had no role in Web3.

A few facts could have easily set the record straight if I were only aware of them at the time. Luckily, I was more cautious with my money than with my…

Read more on BitcoinMagazine