Hacker Noon May 4, 2020
In the decade-long history of blockchain and distributed ledger technology (DLT), rapid developments have led to consistent advances in the capabilities of decentralized financial platforms. By today’s standards Bitcoin has its limits: it supports value transfer and the storage of metadata within those transfers, but little else. With a block time of 10 minutes and a maximum block size of roughly four megabytes, it is also extremely slow compared to the emergent blockchains of the past few years.
Bitcoin retains its dominant position atop the field of public blockchains, most likely because it was the first one, it is widely adopted because of it and not to say the least because it’s completely decentralized. Bitcoin’s proven security and...
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