Blockchain technology is still evolving, with ongoing research and development to improve its scalability and security from "summary" of Blockchain Technology Explained by Alan T. Norman
The world of blockchain technology is a rapidly changing landscape, with continuous advancements being made to enhance its scalability and security features. Researchers and developers are constantly working to push the boundaries of what is possible with blockchain, striving to overcome current limitations and improve upon existing systems. One of the main challenges facing blockchain technology is scalability. As the number of transactions on the blockchain increases, so too does the strain on the network. This can lead to slower transaction times and higher fees, making it less practical for everyday use. To address this issue, researchers are exploring various solutions such as sharding, layer two protocols, and off-chain scaling solutions to increase the throughput of the blockchain and improve its overall performance. In addition to scalability, security is another crucial a...
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