Beginning of the end for BlockChain

Beginning of the end for BlockChain

Ashish Kulkarni Ashish Kulkarni

Ashish Kulkarni

Tech Principal AND Trainee Medium at AND Digital

发布日期: 2018年3月21日
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BlockChain is simply a distributed database. It allows CryptoCurrency exchanges record transactions. The issue with BlockChain when used in the context of CryptoCurrencies like BitCoin and Etherium is that it allows only 7 transactions per second.

Given that most databases themselves allow around 10,000 or more transactions per second, 7 transactions per second seems pretty primitive.

So what's the answer?

HashGraph.

HashGraph is a new technology that some of the newer CryptoCurrencies are using. Ripple uses HashGraph. And Bank of England is taking keen interest in Ripple.

It is still in it's infancy and hence, HashGraph currently has reliability issues. However, given that it allows around 25,000 transactions per second, it is a step jump from the old BlockChain.

I predict that either in the next year or so BlockChain will pull up it's socks or will start it's slow journey to a digital graveyard.

Either that or we may see a hybrid of BlockChain and HashGraph with the reliability of BlockChain and speed of HashGraph.

Time will tell.

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