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The Future of Cryptocurrency: Beyond Bitcoin

For years, the trajectory of the crypto industry seemed relatively predictable, centered around widely recognized projects like Ethereum, Solana, and other layer 1 and layer 2 solutions. These protocols promised faster, cheaper, and more scalable blockchain networks while maintaining the decentralized ethos that originally defined crypto. However, recent developments suggest a paradigm shift: major stable coin issuers and fintech giants are now launching their own private, permissioned blockchains. This emerging landscape raises critical questions about the future role of publicly accessible chains like Ethereum and whether traditional narratives around decentralization and open protocols still hold sway.