Blockchain technology continues to evolve and innovate

[R1dwanRz]

The evolution of blockchain has not stopped innovating and every year we see new projects pushing the limits of what’s possible. But with so many here claiming to deliver fast transactions, how can we see which one truly leads here?

Some blockchain process transactions in seconds while others has zero fees and more. For example blockchains like Solana boast high throughput but have faced decentralization critiques while others like Bitcoin prioritizes security over speed.

There are many countless blockchains projects, some good, some bad. Tho I think I can relate to a blockchain project that I came across called Hive, they have zero fee and fast transactions and also have features like readable wallet addresses and decentralized governance. Despite using a Delegated Proof of Stake model where stakeholders vote for witnesses to validate transactions, it still maintains strong efficiency and security.

Kinda good how all these elements come together to create a truly user-focused blockchain especially when compared to other blockchains.

So what’s your take on this? which innovations do you think will have the biggest impact?

[Odusko]

We have received overwhelming numbers of new projects aided by blockchain technology and as a matter of fact, the cryptocurrency Industry won't be as scalable as it is right now if not for the rule of blockchain players to diversify user's options and offer alternatives in the system, and I am an advocate of any projects that aim at improving users experience and reducing cost and faster efficiency in transactions.

[Patikno]

It is true that every year there are various new projects that tout their own technology such as promising speed in transactions, zero-fee or cheap transactions. All of that is very promising and will have a new impact on the development of blockchain technology, but I don't really agree with zero-fee transactions, because I'm not so sure about the progress with the concept, because it has an impact on stakeholders, and in reality most similar projects are not that promising and I don't think they attract many users to participate, unlike low cost fees, such as solana, bnb, and others that still charge fees for each transaction, so that it provides value.

[Sanitough]

The more projects being created, the better it is for the ecosystem because it sparks ideas for those with a vision to improve existing projects or create something new based on market demand. I’m not sure which one tops the list so far, but this year we might see significant developments on AI, so we might see some AI projects that might impact the market.

[bitgolden]

SOL definitely improved blockchain world a lot, we have managed to see how they have improved recently and because of that I think it is going to be a big deal and we can definitely see this changing for the long term as well. I believe that we are going to see it improved even more, not just that I believe SOL will eventually get better because I do believe that will happen but I also believe that we are going to end up with overall blockchain world will figure out how to get better as well, it is going to be so much easier and simpler and we will get much better result for sure.

It is going to be definitely hard and hopefully that will be something we can see soon as well, it is going to be tough to make this work as well. I am not saying it will be tomorrow, but some coins or tokens will come out and do something and that will take the blockchain further as well. Just like how SOL end up improving, we end up seeing this getting better as well.

[Iamcrypticguy]

The more projects being created, the better it is for the ecosystem because it sparks ideas for those with a vision to improve existing projects or create something new based on market demand. I’m not sure which one tops the list so far, but this year we might see significant developments on AI, so we might see some AI projects that might impact the market.

The more quality projects are created you mean. Not just any projects. But don't you think we still have the problems of scalability, gas fees and security despite all the innovations?. I also believe we've started seeing more integrations of AI into crypto, how we think, making analysis for traders etc. Op also mentioned Hive, ngl it's good on paper, due to its Dpos consensus mechanism, Tx are processed within 3 seconds and it's zero gas.

The utilities isn't reflecting in the price trend though, probably because of the current market situation. One to watch out for me in the long run. What's your take?.

[TastyChillySauce00]

So what’s your take on this? which innovations do you think will have the biggest impact?

right now it seems so many blockchain are so focused on improving their TPS, monad is on the way with the promise of 10000 tps and I think tps and tx fee is the one that will give big impact, since with that, it could help the ecosystem to scale and not getting hold back by the tps and tx fee like many projects in ETH.

but the problem is, so many blockchain that promised TPS are always boasting about their maximum TPS that they got from their devnet with specialized testing environment, back then TON was offering massive TPS, only for it to freeze when DOGS airdrop happen, doesn't seem so scalable it seems, so honestly I'm waiting for another solana that can handle TPS while still retain low fee, as of now i'm already content with what solana offer.

[Sanitough]

The more quality projects are created you mean. Not just any projects.

yeah that's what I meant. 

But don't you think we still have the problems of scalability, gas fees and security despite all the innovations?. I also believe we've started seeing more integrations of AI into crypto, how we think, making analysis for traders etc. Op also mentioned Hive, ngl it's good on paper, due to its Dpos consensus mechanism, Tx are processed within 3 seconds and it's zero gas.

The utilities isn't reflecting in the price trend though, probably because of the current market situation. One to watch out for me in the long run. What's your take?.

That’s why there are so many projects aiming to solve issues like scalability. As long as development keeps moving forward, the entire ecosystem will improve. Eventually, scam rates might decrease because of better regulations.

But here we go again - talking about regulation. We all know many people oppose it because crypto is supposed to be decentralized, and the idea is to operate without government involvement. However, we have to admit that without some form of regulation, scams will continue to thrive, which gives the market a bad reputation overall.

[betswift]

So what’s your take on this? which innovations do you think will have the biggest impact?

right now it seems so many blockchain are so focused on improving their TPS, monad is on the way with the promise of 10000 tps and I think tps and tx fee is the one that will give big impact, since with that, it could help the ecosystem to scale and not getting hold back by the tps and tx fee like many projects in ETH.

but the problem is, so many blockchain that promised TPS are always boasting about their maximum TPS that they got from their devnet with specialized testing environment, back then TON was offering massive TPS, only for it to freeze when DOGS airdrop happen, doesn't seem so scalable it seems, so honestly I'm waiting for another solana that can handle TPS while still retain low fee, as of now i'm already content with what solana offer.

TON's words were more like an ad to get people coming - and when the real test came, it crumbled.
Hopefully, that won't be the case for their eco in the future, because people's patience isn't infinite.

[bitgolden]

But don't you think we still have the problems of scalability, gas fees and security despite all the innovations?. I also believe we've started seeing more integrations of AI into crypto, how we think, making analysis for traders etc. Op also mentioned Hive, ngl it's good on paper, due to its Dpos consensus mechanism, Tx are processed within 3 seconds and it's zero gas.

The utilities isn't reflecting in the price trend though, probably because of the current market situation. One to watch out for me in the long run. What's your take?.

That’s why there are so many projects aiming to solve issues like scalability. As long as development keeps moving forward, the entire ecosystem will improve. Eventually, scam rates might decrease because of better regulations.

But here we go again - talking about regulation. We all know many people oppose it because crypto is supposed to be decentralized, and the idea is to operate without government involvement. However, we have to admit that without some form of regulation, scams will continue to thrive, which gives the market a bad reputation overall.

Yes, with less gas fee, and a lot more regulations, we are going to finally get a good market. Back in the day governments just didn't care about the scams going on in the bitcoin world, but with more and more regulations we are seeing better results and that's why I believe we should be considering how this could get a better result. Of course it won't be overnight so we need to be careful but SOL type of improvements will impact every other coin as well and we are going to see a lot better situation.

This has to be the hardest part and as long as we can sustain and not do anything we can make a lot better profit. That is the hardest part, if we can avoid all of this then we are going to be seeing how things are going, that's the most important part.

[jumail]

The more quality projects are created you mean. Not just any projects.

yeah that's what I meant. 

But don't you think we still have the problems of scalability, gas fees and security despite all the innovations?. I also believe we've started seeing more integrations of AI into crypto, how we think, making analysis for traders etc. Op also mentioned Hive, ngl it's good on paper, due to its Dpos consensus mechanism, Tx are processed within 3 seconds and it's zero gas.

The utilities isn't reflecting in the price trend though, probably because of the current market situation. One to watch out for me in the long run. What's your take?.

That’s why there are so many projects aiming to solve issues like scalability. As long as development keeps moving forward, the entire ecosystem will improve. Eventually, scam rates might decrease because of better regulations.

But here we go again - talking about regulation. We all know many people oppose it because crypto is supposed to be decentralized, and the idea is to operate without government involvement. However, we have to admit that without some form of regulation, scams will continue to thrive, which gives the market a bad reputation overall.

regulation is a hot topic in crypto. Smart regulation might be the answer — not necessarily killing the essence of decentralization, but enough to make the market healthier and more trustworthy. For example, project transparency and strong consumer protections could help reduce fraud. However, the biggest challenge remains ensuring that regulation doesn’t end up stifling the innovation that is the main driving force of the crypto world.