The scalability of blockchain technology remains a big challenge for the time being. OmiseGo has made some rather bold claims in this regard, as it plans to start out by processing at least 1 million transactions per second. Such a throughput rate is rather uncommon for public blockchains and cryptocurrencies, to say the very least. OmiseGo Plans […]
Smart contracts are a fascinating piece of technology. Not only can they be used to perform functions automatically, they also create new business models such as cryptocurrency ICOs. At present, though, the technology is anything but scalable or autonomous. However, Vitalik Buterin and Joseph Poon may have come up with a solution to this problem, […]
Vitalik Buterin and Jospeh Poon hope to fix ethereum’s scaling problem with a Lightning Network-like system, Plasma, but does it have what it takes?