How Blockchain Web3 Decentralized Networks are Creating New Opportunities
Hey, have you heard about this Web3 blockchain? It's totally changing th...
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I'd argue that the main thing preventing block chain from being widely adopted is that nobody has really found any big problem it solves that cannot already be solved by existing technology like plain digital signatures.
Most of the hypothetical advantages fail to acknowledge that technology doesn't exist in a vacuum, and in reality, decentralisation is limited by hardware limitations, gatekeeping is sometimes necessary and transaction fees often end up having to be higher than in traditional alternatives, due to the additional processing power required for the network to manage itself.
When it comes to performance and cost, it's just very hard to compete with a big database on a powerful server behind a fast connection.