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Stripe CEO Patrick Collison has announced the launch of a new layer-1 blockchain, Tempo, citing performance limitations of existing networks. The decision has ignited criticism from industry leaders, including Helius Labs’ CEO, who called Collison’s justification ‘wrong on several dimensions.’ The crypto community remains divided over whether building a new blockchain was necessary.
- Stripe CEO cited Solana's TPS as insufficient for stablecoin scalability, prompting backlash from Helius Labs.
- The new layer-1 blockchain, Tempo, aims to optimize crypto transactions on Stripe's payment platform.
- Industry experts question the necessity of a new chain, advocating for building on existing networks instead.
📎 Related coverage from: cointelegraph.com
Other Tags: Helius Labs, Stripe