Quote from: Hispo on January 15, 2024, 10:08:59 AM

Quote from: btc78 on January 15, 2024, 08:43:12 AM

One major challenge that web3 adaptation is facing is its inability to provide for all users
efficiently just like for example in bitcoin,
its mempool is extremely congested and transaction fees are extremely high making
it difficult for it to be accesible to more people out there

Though, depending whom you ask some will tell you Bitcoin is not actually a Web.3.0 asset. There is a reason one cannot see Bitcoin in most of the Web 3.0 services available on the internet, because of the lacking of Bitcoin to support smart contracts in the same way other coins and networks can, specially Ethereum, Solana, Matic... However, I agree with you that one of the obstacles in many chains has much to do with the accessibility, because of the high transactions fees of Ethereum.

I would also like to add that the Web 3.0 has lost much of its reputation because of people tried to completely link it to NFTs, while Web 3.0 is more than the issuing and commerce of non fungible tokens.

That's a great point about Bitcoin's absence in many Web3 services! The limitations of smart contracts definitely pose a hurdle for wider adoption. It's also true that Web3 shouldn't be overshadowed by NFTs - its potential extends far beyond digital collectibles.
I think the Web3 Hub 2024 in Davos seems like the perfect forum to tackle these complexities. They have dedicated sessions like "Beyond the Hype: Exploring Bitcoin's Role in Web3" and "Web3 Beyond NFTs: Redefining the Future of the Internet," which promise to delve into these very topics.
Maybe attending this event could help us understand how Bitcoin can integrate with other networks and unlock new possibilities for Web3. And hopefully, discussions like these can shift the focus towards the broader potential of decentralized technologies, leaving behind the NFT hype and exploring real-world applications that benefit everyone.