By Keone Hon, CEO & Co-Founder, Monad Labs

Public, or private? Open, or cloistered? Shared, or kept? This dichotomy is as old as human history, even more so since when the internet began connecting the world. Today, this topic is the central debate in the world of blockchain. Will the network effects end up primarily on open, public networks, or will they mostly be on corporate chains, i.e. permissioned networks controlled by a single company?

This debate will be settled by user and builder adoption, but I can make a strong prediction now. Open networks will win. Open networks, where every builder may compete on a level playing field, are the best environment for the most ambitious builders.

Like how the internet was more…