Fayaz Ahmed

The Blockchain Reality Check

Blog Post created by Fayaz Ahmed Partner on 07-May-2018

The most important trade-off in blockchain large scale adoption happens to be scalability versus performance. Consensus algorithm consumes most of the energy required to run the system which hinders its scalibility, switching from proof of work to proof of stake consensus mechanism does reduce the consumption of energy required for reaching consensus but scaling poorly in consensus terms.

 

Please share your insight about widespread blockchain adoption and what issues need to be addressed before hitting full potential of it. 

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