Scalability problems have plagued Ethereum, the second-largest blockchain network in the world, for some time now. The proof-of-work model’s inability to scale demonstrates that blockchains implementing this consensus process are limited to transaction throughput rates of a single digit.
It is evident to any developer who has attempted to create a widely utilized decentralized application that Ethereum isn’t nearly ready in its current form. The user experience is awful because transactions take a long time to clear, and every basic function must be paid for. Everything comes down to a generic “scalability” issue, and cost and poor throughput have been significant roadblocks to any severe adoption.
Ethereum has primarily decided on a course of action. Although Ethereum 2.0 is one of the most ambitious projects in the blockchain industry, it will be a significant step forward for decentralization if it succeeds as planned.
The Ethereum blockchain’s and other top blockchain platforms’...
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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...