StarkWare CEO: "Enterprise chains" will ultimately fail if they do not embrace cryptocurrency principles

Jinse Finance reported that StarkWare co-founder and CEO Eli Ben-Sasson stated that blockchains created and controlled by enterprises (so-called "enterprise chains") will eventually disappear, as users will not be willing to use a chain controlled by a centralized entity. Ben-Sasson expressed his strengthened view in a post on the X platform (formerly Twitter) on Monday: "Enterprise chains" cannot last long because such chains contradict a core principle of blockchain — that blockchain requires "shedding its identity as a centralized entity." He pointed out: "The core element of blockchain is that it is a system free from centralized entities. Achieving this comes at a cost: it is an extremely complex technology, not only difficult to develop but also with a high barrier to use. Even if we apply account abstraction (AA) technology to create a more streamlined user experience (UX), the underlying technology remains highly complex."