“Blockchain technology isn’t just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the Internet itself.” This was a quote from Abigail Johnson, the CEO of Fidelity Investments in 2017. We are seeing this play out today. One look at the current finance industry and I’m thankful that blockchain brought an alternative means of carrying out financial transactions. You’d agree it’s been a pleasant ride so far, but the technology hasn’t been without its challenges. Some of these challenges are scalability, barriers to user accessibility, and infrastructure limitations.
This is why the emergence of innovative Layer-1 solutions has proven timely as we are no longer experiencing some of the problems that plagued the blockchain space in the early days. In this article, we’ll discuss a couple of these Layer-1 solutions and how they’ve helped the industry evolve.
The Blockchain Trilemma
The blockchai
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