'The Future Of Blockchain' blockchain tatum_io
When we talk about blockchain we usually talk about permissionless blockchain. Simply because they involve money through token/coin sales. Especially the price volatility of tokens/coins.
In traditional business, members of a business organization can confirm each other, but they still do not fully trust each other. Among members, there is always suspicion of fraud and a lack of transparency in information. Therefore, their system has many strict processes to control those risks, thereby creating many costs incurred in the process of conducting transactions and business.
The blockchain network can use any consensus algorithm as long as it suits the needs of the users. The most important thing is that the network must attract users . To have users thatnetwork must add value. To increase the value, it is necessary to determine the meaning of existence, what is the purpose of the existence of the network? It solves society's problems. In short, a blockchain network that wants to be sustainable needs to solve a certain problem for society and focus on users.
It's great that we are at the point of formation and development of new technology. Like how the Japanese liken blockchain to a revolution that only happens once every 500 years. I think it's a metaphor for expressing the imagination commonly found in humans. However, blockchain is worth the time to learn, discuss, and follow its development.When we talk about blockchain we usually talk about permissionless blockchain. Simply because they involve money through token/coin sales.
In traditional business, members of a business organization can confirm each other, but they still do not fully trust each other. Among members, there is always suspicion of fraud and a lack of transparency in information. Therefore, their system has many strict processes to control those risks, thereby creating many costs incurred in the process of conducting transactions and business.
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