- Forbes reveals a list of what it believes to be the top 20 blockchain that will soon go obsolete.
- These blockchains are classified as Zombie Chains and include XRP, ADA, FLOW, and FTM.
- Lark Davis shares his take on the harsh list and urges users to make their own decisions.
Forbes just revealed its list of 20 crypto blockchains where they classify these blockchains as Zombie Chains. These blockchains are classified by Forbes as such because they are seen as blockchains that will have no long-standing purpose and will go obsolete soon.
The crypto community stands outraged from seeing their most beloved crypto projects on this list. As a hot debate sparks within the crypto community, Lark Davis, a renowned figurehead in the crypto realm makes a video encouraging users to not buy these soon-to-be obsolete coins anymore.
To highlight, the Forbes List names top crypto projects with a market value of over $1 billion as Zombie Chains sparking fury amongst many crypto holders. Specifically, this list holds XRP, ADA, BCH, ICP, LTC, ETC, STX, XLM, THETA, KAS, XMR, FTM, AR, EGLD, ALGO, FLOW, MINA, XTZ, EOS, and BSV.
Forbes goes on to say that these assets have little to no value and sees very weak activity from any real users. While most of these chains were created to tackle a singular lack, these concerns are easily addressed by other more accomplished chains which will soon make these Zombie Chains obsolete.
In particular, Lark Davis highlights each coin on this list to share his reasoning behind possibly agreeing with the Forbes List. While he does tend to agree with Forbes in most cases, he still believes that these blockchains can still turn things around.
Responses to his video is a good preview to the crypto wars ignited by Forbes’ list. For instance, one response vehemently comes to Cardano’s (ADA) rescue saying decentralized building takes much longer to accomplish its goals unlike other chains that don’t fully resolve the blockchain trifecta issue.
Similarly, ALGO, THETA, and many other advocates step up to defend their favorite chains as well. Finally, Lark Davis says to explore the blockchains yourself to see if Forbes’ harsh list is true or not.
