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Review on Zilliqa by Anna Johnson
If you’ve been following along up to now, this is absolutely mind-bogglingly…
If you’ve been following along up to now, this is absolutely mind-bogglingly huge for blockchain as a whole. Rather than wait around for years while the smartest minds work on sharding solutions, we can take a working sharding implementation and USE it for real-world applications. Why is this a big deal for blockchain tech? Blockchain has, as of yet, been a promising technology but still too slow to be used for real-world applications. What real dApp with more than a few thousand users can run on only 15 TPS
Pros
- In layman’s terms, scalability is simply increasing the throughput of blockchain technology. Or in even simpler terms, improving the transactions per second the blockchain can handle. What is a transaction? Simply any operation issued by a user that changes the state of a system — basically, any data sent over the blockchain network is a transaction. So scalability is increasing the speed at which a transaction moves through a blockchain network. The problem here is that scalability is a really, really, really hard thing to achieve in a blockchain without sacrificing security and decentralization.
Cons
- With hundreds even thousands of Ethereym dApps all promising to use the single shared Ethereum world computer to decentralize everything from Artificial Intelligence to your smart toaster, it’s pretty obvious there is a big problem that must be solved before Ethereum is usable…and useful
