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Meet the L1 that’s actually solving the blockchain trilemma
Blockchain technology has been around for decades, but it didn’t become popular until the rise of Bitcoin. Satoshi Nakamoto’s idea of a decentralized network, a direct response to the 2008 financial crisis, offered an alternative to the old, centralized legacy systems. Since then, blockchain tech has been blooming with numerous networks vying for the spotlight. All of them are competing to provide the best platform and offer users a good balance between decentralization, security and scalability. These three elements are often thought impossible to combine according to the blockchain trilemma. This belief addresses the challenges that developers face when designing a new blockchain and posits that achieving all three simultaneously is an unrealistic goal.
Currently, all popular Layer 1 blockchains suffer from the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...