The blockchain industry has transformed significantly over the last ten years, expanding beyond Bitcoin to power various sectors. Originally known for cryptocurrencies, blockchain now encompasses smart contracts, NFTs, decentralized identities, and applications in gaming, supply chain, and AI. In a Decentralize with Cointelegraph episode, Bart Wyatt, CTO of Eos Network Foundation, discusses blockchain's shift from a trend to a fundamental technology. Early blockchain projects focused on speculation, but as the technology matured, the emphasis shifted to practical solutions like scalability and governance. Wyatt's work on OmniProtocol and Tether's stablecoin, USDT, exemplifies this transition. Projects like Eos Network highlight blockchain's move from hype to utility, addressing real-world challenges. Lessons from early projects have paved the way for more robust platforms supporting decentralized applications across various industries. To learn more about blockchain's evolution, listen to the full episode on Cointelegraph's podcast platforms. Read more AI-generated news on: https://app.chaingpt.org/news