Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems, an array of scaling solutions has been proffered – some of which could also benefit UTXO blockchains such as BCH and BTC.
Source : https://news.bitcoin.com/smart-contract-blockchains-are-struggling-to-scale/
Date : October 17, 2019 at 02:53PM
Tag(s) : #BLOCKCHAIN ENG
