Discussion about this post

User's avatar
Barringston's avatar

Blockchains continue to accompany us in every aspect of our lives, which is pleasing.

The proliferation of blockchains

It will be a big step forward in terms of transaction speed for countries, trust for people, technology for the world.

Of course, like everything else, Blockchain will have its weaknesses, but I believe that over time these will disappear and it will be a perfect system.

Thanks for the article.

Expand full comment
Sezgin25's avatar

In today's Internet world, data transfer is carried out in many areas (multimedia, communication, web interface, etc.). Blockchain technology, on the other hand, is a distributed database that allows us to transfer assets that we attribute value to, apart from this data.

With the Bitcoin digital currency proposed in 2008 by a secret writer nicknamed Satoshi Nakamoto, the existence of a new international currency began to be mentioned in the world. While Bitcoin was initially considered only as money, it was later realized that the Blockchain technology, on which Bitcoin is based, may have more general uses. In the most general terms, blockchain is the distribution of central trust in the internet environment by allowing a central server or a trusted authority to be removed. Blockchain technology is commonly known as the technology underlying virtual currencies such as Bitcoin and Ethereum. However, this technology has a much wider range with the possibilities it provides and its diversifiable applications.

Blockchain technology has become remarkable because of the role it can play in the more efficient operation of these systems by distributing the central trust structure in trust systems based on a single center, which is one of the important problems of today. Blockchain is a decentralized crypto ledger that names a brand new technology that will reshape our entire life by enabling the transfer of valuable assets in the current internet environment that provides data transfer.

About 80% of all academic research on blockchain is focused on Bitcoin. Less than 20% of studies focused on blockchain applications, including smart contracts. In addition, the researchers ignored the scalability problems of the blockchain, such as throughput capacity and latency. Although it has not fully proven itself to be able to use blockchain on a large scale, especially in banking, both academia and private R&D centers are working hard in terms of scalability and the solutions it can offer.

Expand full comment
31 more comments...

No posts