Is blockchain what it seems to be? Well, the appropriate answer would be No. You must be wondering what could go wrong with blockchain technology. A LOT! - cc: sora_xor defi blockchain
Blockchains are extensive, distributed, and encrypted, which can be slow and inefficient. They take longer to process as the number of users increases in the network. As the network evolves, there should be more participants and greater competition for computational power, which uses energy. New blockchain protocols like Slice Ledger can handle up to 2000 transactions per second.
But in terms of transaction speeds, the two well-known blockchain networks—Bitcoin and Ethereum—are far behind.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Secrets of Successful P2E Projects from a Blockchain Game CEO | HackerNoonTo state the obvious, GameFi is one of the most appealing sectors for newbie users within the crypto space. It successfully attracts users who are not into the complex technological solutions of DeFi projects. Secondly, GameFi has given retail investors more opportunities to enter the market.
Read more »
5 Ways DeFi Is Impacted By the Adoption of Embedded Finance in the Blockchain Industry | HackerNoonThe integration of financial services by non-financial organisations is referred to as embedded finance. This system has changed the way we engage with money.
Read more »
Blockchain Technology Initiatives in India | HackerNoonIndian Government, Universities as well as Industries are effectively participating in blockchain initiatives. Here's a list of some emerging initiatives.
Read more »
How Blockchain Technology Could Increase the Amount of Freelance Jobs | HackerNoon'Blockchain Technology Could Increase the Amount of Freelance Jobs' by CryptoAdventure blockchain freelancing
Read more »
The Fight for a “Transparent” Blockchain | HackerNoonBlocking of the main blockchain transaction anonymization service Tornado Cash blockchain blockchaintechnology
Read more »
The #Web3 Writing Contest | HackerNoonThe Octopus Network in collaboration with HackerNoon is excited to host a Web3 Writing Contest!
Read more »