Bitcoin Forum
June 15, 2024, 07:55:48 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: TechCrunch says cryptocurrency is strangling innovation......  (Read 111 times)
Namaste Coin (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile WWW
January 08, 2018, 11:38:26 AM
 #1

In their article, the author discusses the congestion and cost of making p2p transactions. They state: "This is fine if you’re just speculating, trading hundreds/thousands of dollars worth of tokens at a time. But it is crippling if you’re actually trying to build an app that people use for anything else." and "So if you’re trying to build anything even remotely high-volume atop an Ethereum token — forget it. Your entire business model is catastrophically doomed at today’s prices."

https://techcrunch.com/2018/01/07/the-cryptocurrency-bubble-is-strangling-innovation/

How can those who want to create value overcome these restrictions? They do mention: "A lot of interesting work and research has in fact been done regarding scaling Ethereum: sharding, Raiden, Plasma".
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!