Speaking to Bloomberg during a recent interview, the CEO said that there are one too many cryptos and only a few among them actually look to provide real-world scenarios and uses cases, therefore ensuring their survival. Garlinghouse believes this small number will continue to evolve and become significantly more efficient and generally usable, while the others will phase out.
The number of cryptocurrency project entering the market is on a steady increase and every now and then, there’s a new token sale. Each new entrant usually promises to offer something better than all the others, especially with scalability but a lot the time unable to prove their worth. With over 3,000, chances that newer ones can make a difference get slimmer every day.
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