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The ‘Blockchain Trilemma’ That’s Holding Back Crypto: QuickTake

Sept. 7, 2022, 11:37 AM

Most successful innovations take off in a similar way: You create something that people want and, when sales increase, economies of scale make it cheaper to produce, stoking more demand. For crypto, it’s not that simple. As the volume of activity involving tokens like Bitcoin and Ether grows, the slower and costlier it becomes to record and secure each transaction. There are various efforts to fix the problem, but all either make the system more vulnerable to bad actors or water down the decentralized model that’s key to crypto’s appeal. This “Blockchain Trilemma” is one of the thorniest challenges to ...