While the e-money market is plunging into a sellout wave, blockchain technology shows a lot of potential in 2018.
Please lets not get ahead of ourselves because a simple block chain which is a fantastic concept
is nothing more than a link list of ledgers using hash codes to prove that data has not been changed.
I could knock something like this up in a hundred lines of code making use of the mega bloated
Dot.Net framework that comes with C# in windows (Programmers pick from menus now) and I could
even calculate how this would scale and I am sure the Bitcoin developers would had known this eight
years ago.
Replicate of the data offers redundancy but it does not provide anything that can scale and for that
you need distributed processing that they forgot to bake in to the cake all them years ago and now the
foundations are cracking as would be expected.
The good news is that both myself and other who have already solved this issue which will ensure the survival
of the block-chain but alas Bitcoin won't be around because people want transactions "On Block" not "Off block"
and what is being proposed with the lightning network (LN) is much like introducing CPU-Wars to solve a simple
problem of producing a coin that others have solved without having to create global warming
banking hubs in LN is centralization to some degree which ever way you look at it because this every hub for
himself just does not work so my advise to you is don't look down because this horse we are ridding only has
three legs
