Adem Ottoman's Key Ideas from Blockchain Revolution
by Don Tapscott, Alex Tapscott
Ideas, facts & insights covering these topics:
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The Cost of Blockchains
The immutable audit trail uncontrolled by any single party is certainly useful, but there are many costs to create such a system. Let’s examine some of the issues.
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Development is stricter and slower
Creating a provably consistent system is not an easy task. A small bug could corrupt the entire database or cause some databases to be different than other ones. Of course, a corrupted or split database no longer has any consistency guarantees. Furthermore, all such systems have to be designed from the outset to be consistent. There is no “move fast and break things” in a blockchain. If you break things, you lose consistency and the blockchain becomes corrupted and worthless.
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IDEAS CURATED BY
I'm here to learn, share, and meet new friends. Love learning about investing, software development and business and the fun that comes along with those topics. 😀
CURATOR'S NOTE
These Ideas give a great understanding of why Cryptocurrency/Blockchain need to develop further!
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Curious about different takes? Check out our Blockchain Revolution Summary book page to explore multiple unique summaries written by Deepstash users.
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