There are many initiatives in the blockchain industry that can complement one another rather than serve as competition. For example, the much anticipated Facebook-backed Diem blockchain is a project getting much attention. This single move could almost instantly unlock 3.1 billion users into crypto.
However, this closed-loop approach makes it difficult for developers to gauge the technology, which is where Pontem Network comes into the picture.
Facebook’s Diem Needs More Openness
While it is understandable for a technology giant like Facebook to keep its cards close to its chest, it can also hinder the adoption of the Diem ecosystem. That is because building a permissioned blockchain will always be a double-edged blade. On the one hand, it gives Facebook far more control over who can access products and services. But, on the other hand, it also deters developers from building applications, as there is no “test network” to try new things.
As Facebook isn’t necessarily inclined to build an