Blockchains are poised to become a foundational element of digital infrastructure. This report focuses on fundamental differences in blockchain design
that have been chosen by different protocols to pave the way for mass adoption. Despite all modern blockchains aiming to deliver public rails that are performant and secure, their approaches and timelines to achieve those goals vary.
To shed light on these differences, we outline the main functions blockchains perform and introduce a framework to categorize them. With case study-type analyses of Ethereum and Cosmos, along with a thorough review of Solana’s design approach, we compare their strengths and weaknesses. Our study highlights the critical differences between horizontal and vertical scaling and the trade-offs between them.
The report is structured as follows: Part 1 defines the core functions of a blockchain system, and then classifies modern blockchains into several encompassing architectures according to the variations across their functions. Part 2 contextualizes the tradeoffs required for scaling blockchains across each function , highlighting the way in which scalability optimization impacts important properties such as decentralization, security and interoperability.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum’s Dencun Upgrade Could Mean Near-Zero Fees for Layer-2 Blockchains: Fidelity Digital AssetsWill Canny is CoinDesk's finance reporter.
Read more »
The Graph Expands Subgraph to More Than 40 Blockchains Including Arbitrum, BaseLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »
Blockchains Will Upend Economies of ScalePaul Brody is Global Blockchain Leader for EY (Ernst & Young). Under his leadership, EY is established a global presence in the blockchain space with a particular focus on public blockchains, assurance, and business application development in the Ethereum ecosystem.
Read more »
Coinbase Exec Sees Crypto Rivaling Visa as 117 Million Transactions Hit BlockchainsCryptocurrency industry is seeing unparalleled growth and transaction volume
Read more »
Rolls-Royce’s New Ultra-Limited Ghost Prism Has 1,040 Interior LightsOnly 120 examples of the fashionable variant will be built.
Read more »
Rolls-Royce celebrates 120th anniversary with Ghost PrismRolls-Royce has revealed a special-edition Ghost inspired by the world of contemporary design.
Read more »