This novel idea makes Cardano, Ethereum akin to sovereign ‘nation-states’
Soundwise Founder Natasha Che recently compared Layer 1 chains to “new nation-states” on a Twitter thread. In the context of this novel idea, she explained that it’s like smart contract users can “hold multiple passports without having to give up the old one.”
Curiously, investment Strategist Raoul Pal seemed to agree with her. He commented,
“All tokenized ecosystems are essentially digital sovereign states that we are free to move around and from/to. Fascinating world…”
The aforementioned wasn’t all Che said, however. She went on further to explain how proof of stake can drive “crypto national economies” in combination with these Layer 1 solutions. Therefore, Che’s surest crypto-bet is,
“Blockchain nations with proof of stake as their economic
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