Decentralization is one of the first things that comes to mind when most people hear the phrase “blockchain”. After all, blockchain technology is defined as a distributed ledger that’s permissionless, public and transparent, meaning anyone can access it and use applications built on it, without any restrictions.
The open nature of blockchain is great for accessibility, but the most decentralized networks, such as Bitcoin and Ethereum, aren’t always the best fit for organizations that want to move business processes onto a DLT network. The priority for enterprises is not a high level of decentralization, but rather a blockchain that delivers high performance and throughput, with low transaction fees, high customizability and a seamless onboarding experience.
According to a recent report by Messari, the South Korean blockchain project Klaytn is increasingly looking like the perfect network to meet these requirements, while providing additional benefits for the largest enterprises to...
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