The research director Martin Hiesbeck of Uphold criticized the maximalism of Bitcoin and advocated for a more open approach to blockchain innovation, emphasizing the potential of emerging technologies such as convex blocks.
In a recent post on X, Hiesbeck highlighted the limitations of Bitcoin, calling it an outdated and potentially flawed technology. He pointed out that while the blockDAG model solves the triple dilemma problem of the blockchain, it still relies on the order of blocks and transactions.
In light of this, Hiesbeck introduced convex, a new technology that uses a grid system to achieve security, scalability, and decentralization. He said, “If I told you there is a technology that does not care when and where a block is created, and can handle it no matter how it enters, it’s not blockchain, it’s Lattice.”
The two-layer system of convex includes a global state lattice for consensus and a scalable storage layer using content-addressable storage and Merkle DAG. This setup allows for unlimited off-chain storage, potentially driving the development of technologies such as Kaspa.
Hiesbeck acknowledged that convex is still under development and its effectiveness has not been proven in real-world applications, much like Bitcoin and Kaspa in their early stages. He added that artificial intelligence has the potential to create more innovative solutions in the future and asserted that the ongoing evolution of blockchain may hinder maximalism.
Hiesbeck further questioned whether convex will ultimately surpass Kaspa in functionality, envisioning a future where smart contracts on KAS will not be able to deliver, and the grid computing chain will dominate the blockchain landscape. He also pondered the potential for artificial intelligence to disrupt industries through more innovative solutions.
Ultimately, Hiesbeck’s message resonated with people, and they called for the cryptocurrency community to move beyond token price fixation and embrace a broader vision of collaboration for the future of blockchain technology. He advocated for a multi-chain approach, emphasizing the importance of technological diversity and cooperation in driving innovation and ensuring long-term growth of the entire ecosystem.