These Researchers Are Trying to Build a Better Blockchain
Business, Spoken
English - November 05, 2019 16:29 - 8 minutes - ★★★★ - 16 ratingsBusiness News News spokenlayer Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
There’s a rule in the world of blockchains so ingrained that some call it folklore. Bitcoin, the original iteration of blockchain technology, is great at two things. One is keeping data secure, with a ledger others can’t sabotage. The other is “decentralization,” or getting lots of people to work together without a central authority to call the shots. But those two nice properties come with a big tradeoff: Blockchains can’t scale.
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There’s a rule in the world of blockchains so ingrained that some call it folklore. Bitcoin, the original iteration of blockchain technology, is great at two things. One is keeping data secure, with a ledger others can’t sabotage. The other is “decentralization,” or getting lots of people to work together without a central authority to call the shots. But those two nice properties come with a big tradeoff: Blockchains can’t scale.
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