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Article by LTO Network “How many transactions per second can you handle?” – is a question asked during almost any blockchain AMA. Our answer is typically “enough”, but what is enough and why is there a limit to blockchain scalability anyway? For almost a decade in web tech, scalability was not the main issue for internet giants like Facebook and Amazon. They have shown that it is possible to handle vast amounts of requests. The methods to solve scalability issues are well documented and are public knowledge. LTO Network suggests that the same techniques used to solve scalability issues in anti-patterns (common design mistakes) should be able to apply to the blockchain. Blockchain and its self-imposed limits It’s important to realize ...Blog
Bitcoin, like gold, cannot simply be created arbitrarily, it is limited and finite supply to a max of 21 million Bitcoins, ever. Gold’s supply has historically increased at around 2% per year. Bitcoin’s supply will increase less than 2% starting at the 2020 halving, and will eventually go to less than 1% a year after the 2024 halving. Bitcoin’s supply will end when the last Bitcoin is mined approx in the year 2140. Gold might continue to be found through asteroid mining in the future. “As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: boring grey in color, not a good conductor of electricity, not particularly strong [..], not useful for ...Blog
DeFi is the new buzzword in the Blockchain space and it is basically a conventional financial tool that is built on the blockchain. It offers an alternative to the existing global financial system. DEcentralized FInance system can be applied on top of a public Blockchain network, such as Bitcoin or mostly Ethereum. They are mostly dependant on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services. In other words, the underlying idea of DeFi is to develop and operate financial decentralized applications (DApps) on top of Blockchain networks. For example: A DeFi service provider platform can basically combine through the use ...Blog
Big Four auditing firm Deloitte allows its staff to pay for food using a mobile Bitcoin wallet
Only Ethereum inspiring traders as Bitcoin price stays flat
Binance makes its first strategic Chinese investment by participating in a $200 million funding round in crypto publication Mars Financ