Since the beginning of 2018, rumors and then news about some large players entering the blockchain industry mesmerized the crypto community. Presently, the projects promoted by JPMorgan Chase (NYSE:JPM), Facebook (NASDAQ:FB) and Telegram are at the testnet level, but the companies have disclosed more accurate information about them. The differences among the three projects are enormous — their aims, business models, technology, etc. Some similarities exist, nevertheless. However, with diversified feelings toward these projects, the community pointed out the challenges that they have introduced to the industry. This time, the proposal for a new cryptocurrency is not coming from an adventurous startup or some willing genial techie, but from leading companies in their sectors, which could deploy massive firepower in terms of financial resources, customers or business relationships.
This element radically changes the rules and the size of the game, with implications that would potentially affect both the evolution of cryptos and the global economy as a whole. Are these new incoming blockchains the superheroes who will bring cryptos to the world or are they what some might say the “villain” blockchains?