It’s no crypto-utopia. Blockchain has real problems to solve
Amidst the continued fervor for cryptocurrencies and blockchain technology, evangelists have claimed it can help replace everything from money itself, to the foundation of many of our digital tools. But with Bitcoin fees skyrocketing off of its expanded use last year, and bugged Ethereum smart contracts leading to users losing millions of dollars, is this really a technology that’s ready for mainstream adoption?
There’s not even a concrete definition of what a blockchain is. If, however, we assume it to be a distributed ledger system, there are key areas which many of those at the forefront of blockchain’s development believe are lacking. We sat down with blockchain developers to find out more about the technology’s flaws.
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