BLOCKCHAIN TECHNOLOGY THEN, NOW AND THE FUTURE

SCALABILITY

A common topic in the blockchain conversation, scalability refers to transaction throughput and latency. The current benchmark to measure scalability is VISA(24,000tps), one of the technologies that blockchain seeks to usurp. A highly competitive feature among different blockchain projects some of the registered transaction processing speeds stand at: Ripple(1500tps), Ethereum(20tps) and Bitcoin(7tps)

Consensus mechanisms

Consensus mechanisms reduce the number of nodes on the network but not too little to still ensure decentralization of the network.

Transaction verification mechanisms

Here the number of transactions that are recorded on the main chain are delegated or distributed in order to reduce the load on the network.

PRIVACY SOLUTION DEVELOPMENTS

Bitcoin’s blockchain openness and transparency has been criticized as the only Achilles’ heel of the technology. Users of the network are pseudonymous, not completely anonymous. Solutions that promise the benefits of blockchain technology coupled with privacy of transaction information include:

INTEROPERABILITY ISSUE SOLUTION DEVELOPMENTS

Blockchain systems are broadly categorized into private blockchain, consortium blockchain and public blockchain.

FUTURE? AWAY FROM BLOCKCHAINS ALTOGETHER?

Distributed ledger systems beyond blockchains are:

BLOCKCHAIN FESTIVAL VIETNAM

To learn more about your favorite blockchain projects, make sure to visit the official website of Blockchain Festival Vietnam and book your tickets to the event. The complete 1H 2018 Global Blockchain Industry Strategic Overview by Huobi and other incentives will be made available to attendees. You can get your ticket at a 50% discount by writing the discount code WRITE50 during purchase.

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