Detroit, Michigan --News Direct-- RaiseChain
The Issues With Legacy Blockchains
While many legacy blockchains promise to level the playing field and ‘create a scalable decentralized platform for web3.0’, arguably, none have truly upheld this commitment or even came close to actually fulfilling it.
Even many big modern blockchains are often built on archaic - ironically, very much centralized - network infrastructures with intensive consensus mechanisms which has made the technology out of reach for billions of potential users in developing nations.
As noted by the founder of Ethereum, Vitalik Buterin himself, most legacy blockchains are plagued by scalability and security issues that render them unusable to vast portions of the human population. Exorbitant gas fees and unreliable transaction speeds certainly do not contribute either to opening a valid path to financial freedom for impoverished communities.
More than that, in a stark contrast to its philosophy, despite claiming to be...
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