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Ethereum co-founder Gavin Wood, the visionary who coined the very term "Web3" and later built Polkadot, lays out his five key criteria for evaluating a blockchain. ...
Gavin Wood’s 5 Blockchain Criteria
There are hundreds of blockchains in existence, each with its own (more or less) unique technology, use cases, and adoption levels. To cut through the noise, Gavin Wood outlines five fundamental criteria for evaluating a blockchain’s potential:
- Resilience. The backbone of Web3, resilience combines cryptography, decentralization, and game theory to safeguard a blockchain against attacks and ensure long-term stability.
- Performance. More than just scalability, performance measures how efficiently a network processes and finalizes tasks.
- Generality. A blockchain’s capacity to support diverse applications and programmability.
- Accessibility. The ease with which users, developers, applications, and bots can interact with the network.
- Coherence. A system’s ability to maintain fast and consistent communication across its network.
See the full article here: https://www.forbes.com/sites/digital-assets/2025/01/31/what-makes-or-breaks-a-blockchain-gavin-woods-5-criteria/