Hacker Noon November 6, 2019
No system is perfect. Some flaws are small, and some are dramatic, but every system breaks down at some point. This is also true in the technology world—no matter how ingenious, eventually problems are bound to appear.
One such example is the trifecta of struggles with blockchain technology—the programming infrastructure that supports Bitcoin. While clearly a disruptive technology, building the perfect blockchain network seems to be something of an impossibility.
Blockchain’s ‘Achilles heel’?
The three issues that make up the problem are decentralization, scalability, and security. Each of these are required to build a useful blockchain platform, but linking all three is challenging.
Decentralization—the removal of centralized governance—is the foundation of blockchain technology. However, with decentralization and...
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