For cryptocurrencies used as daily digital payments, processing speed and scalability are critical components of protocol design. How fast can a payment be made, and how many users can a network handle simultaneously, before it becomes too slow? This "blockchain trilemma" is a term defined by Vitalik Buterin that addresses a problem with all blockchain developments to date, which is that decentralization, security, and scalability cannot be simultaneously optimized.
Scalability, Micropayments, Throughput & Speed
Scalability, Micropayments, Throughput …
Scalability, Micropayments, Throughput & Speed
For cryptocurrencies used as daily digital payments, processing speed and scalability are critical components of protocol design. How fast can a payment be made, and how many users can a network handle simultaneously, before it becomes too slow? This "blockchain trilemma" is a term defined by Vitalik Buterin that addresses a problem with all blockchain developments to date, which is that decentralization, security, and scalability cannot be simultaneously optimized.