The debate of the US Digital Asset Stockpile often tends to prioritize cryptocurrencies developed in their own country, but Jerry Fragiskatos, former Cardano director, warns against this limited perspective.
COO warns against geographically scary focus
The discussion about the digital share of the United States is often attracted to a natural instinct: in favor of cryptocurrencies developed within its own limits. Such as Jerry Fragiskatos, former Chief Commercial Officer (COO) for Cardano and now at Apex Fusion, recently articulated, such a geographically scary focus risks with a view of superior technology and the fundamental worldwide character of Blockchain.
Fragiskatos believes that this is particularly relevant, because the Trump administration is active in its approach to a national digital assets reserve. He emphasized that although a preference for domestic innovation is understandable, especially for strategic digital infrastructure, blockchain’s is very essential worldwide.
“Some of the most impactful open-source contributions come from distributed teams without a centralized basis,” he noticed, and emphasized that talent and innovation in this space transcend national boundaries. He argued that evaluating digital assets should be based on merit – safety, decentralization, economic design and resilience – instead of their place of origin. His analogy with transmission control protocol/internet protocol (TCP/IP), a universally accepted standard that is not built in one jurisdiction, emphasizes the idea that effectiveness should be the ultimate referee.
The nuanced representation of the former Cardano COO contrasts with the apparent protectionist approach that is pushed by some American crypto entrepreneurs. The perception that the last approach is favorably viewed by the US government was strengthened after the US President Donald Trump had shared a function that Cardano’s Ada, XRP and Solana identified under cryptocurrencies to include in the digital assets supply.
Ada recording in Digital Asset Stockpile
Although the Trump administration resembled this Backpedal after the social media -posted controversy and allegations of trade in prior knowledge, determined an executive order that Trump signed on 6 March on 6 March that the American digital assets would be cryptocurrencies outside of Bitcoin. The move shows the pragmatic approach of the Trump administration that recognizes the existing and forfeited digital assets that the government has, regardless of their origins.
This is in line with the argument of Jerry Fragiskatos for evaluating assets on their technical merits, to ensure that the US is not missing “better technology” by concentrating too closely on geographical boundaries in the rapidly evolving global landscape of Blockchain.
As a result of the possible inclusion of ADA in the Digital Asset Stockpile, Fragiskatos said that such a movement would be an important validation for the Cardano platform, especially given that it is sometimes confronted with criticism from other blockchain platforms. He also suggests that such a decision would reflect an evolution in how public authorities evaluate digital assets.
“The decision would also reflect an evolution in the way in which public authorities assess digital assets – not only on market capitalization or popularity, but on architectural reliability and alignment of use case. It can help to set a precedent to consider the broader usefulness and social value of a protocol,” argumentation proof.
In the meantime, in written answers to questions from Bitcoin.com News, the former Cardano Coo also shared his thoughts about why the much-discussed blockchain interoperability remains elusive. He points to technical obstacles in the safe and reliable transfer of value and data about different chains as the possible reason why the blockchain landscape is still largely fragmented.
Another problem, claims Fragiskatos, is the fragmented relationship between settlement layers and application layers. He notes that in ecosystems such as Ethereum, value often goes to Layer 2 networks or sidechains, which means that the base layer with a reduced direct use. This dynamic leads to ‘fragmentation and leakage’, whereby the chain that provides safety does not adequately record the corresponding economic activity.
Fragiskatos, now a core contribution carrier at APEX Fusion, concludes that real interoperability requires to tackle this value lines, so that the fundamental layers remain robust and at the same time seamless and secure cross-chain interactions are possible.
Federated Multichain architecture comes to the fore when the answer
The pursuit of a blockchain solution that overcomes some of the obstacles that have been identified by Fragiskatos has born the concept of a federal multichain architecture, a system with several, often independent blockchain networks. Blockchain networks communicate with each other under such an architecture, but their interoperability is managed or facilitated by a federation or a consortium of participants.
That is why Blockchain networks, instead of competing or duplicating efforts, work together under a federal model that retains safety and coherence.
“The most important distinction here is the intention. Instead of adjusting interoperability on existing networks afterwards, a federal design builds it from the ground in architecture,” Fragiskatos said.
Apart from the direct benefits that build up to blockchain networks, improved interoperability between chains may start the next phase of Web3 growth. For developers this means that they will no longer be “forced” to choose a chain and to accept his limitations.
“Instead, they will be able to put together applications that draw on the strengths of several ecosystems – robust identity of one, smart contracts of another, liquidity of a third,” explained the core contributioner.
Real blockchain -interoperability also means a much smoother experience for users, who will benefit from needing fewer portfolios, encounter less friction in transactions and have more choices. For companies it means an adult web3 landscape. Instead of inapplicable, experimental blockchain ‘islands’, a real interoperable web3 will function more as a scalable, modular operating system for all digital infrastructure.
Credit : cryptonews.net
