Opinion: The future of Web3 lies in multichains and L2 solutions

The blockchain industry has come to understand that projects are better off joining forces rather than becoming “killers of one another.” In an interview with ForkLog, Patrick Dai, founder of the Qtum smart-contracts platform, said.

In 2023, his company signed a partnership with Opside Network, which provides first-layer blockchains access to ZK-RaaS. Opside Network’s pre-alpha testnet launch is planned for mid-May.

According to Dai, the partnership will allow Qtum to go beyond its own ecosystem, and the ability to interact with other blockchains will increase the project’s decentralisation:

«Connecting Qtum to the Opside Network ZK-bridge will enable users to transact with other major blockchains, such as BNB Chain and Ethereum, without central intermediaries. The future of Web3 lies in multichains, and L2 solutions are part of that future».

He added that Opside Network will also provide additional scalability for L2 solutions through its three-layer architecture:

• L1 (ZK-bridge) — blockchains like Qtum and Ethereum, connected to Opside via bridges that support Zero-knowledge (ZK) technology;
• L2 (Opside) — an EVM-compatible blockchain that unites L1 networks;
• L3 (Rollups as a Service) — standalone scaling solutions based on ZK-Rollups that process transactions off Opside.

Dai is confident that users and developers should not be chasing the single best blockchain on the market — history has shown that maximalism is often toxic and counterproductive:

«We advocate for cooperation and against [the name of your favourite blockchain]-maximalism. Qtum has taken the best from Bitcoin and Ethereum, for the future lies not in bets on a ‘winner’, but in unifying technologies. Inter-network interaction on multichain platforms is the logical next step in the development of the blockchain industry».

The founder of Qtum also said that the project team held the first Moonland metaverse demonstration at Consensus 2023.

«Moonland users will be able to create NFT characters and interact on the Moon. Solutions based on Opside will allow them to transfer non-fungible tokens between different blockchains and exchange them for other in-game items and tokens», — Dai noted.

Qtum — an open-source smart-contract platform that operates on a Proof-of-Stake consensus algorithm. The Qtum blockchain combines the Bitcoin transaction model (UTXO) with the Ethereum Virtual Machine (EVM).

Earlier, ForkLog published educational cards about Qtum in the ‘Kryptorium’ section.