Blockchain industry | Why is it so hard for public blockchains to be fast, cheap, and secure at the same time?
Different public blockchains choose different consensus mechanisms and design trade-offs, so block times, confirmation speeds, and transaction fees vary widely.
When comparing public blockchains, don’t just look at the advertised transactions per second. Also consider how validators are distributed, whether the network has ever gone down, and whether people are actually using its applications.
$ETH is the native coin of Ethereum, a layer-1 public blockchain. It is used to pay gas fees and for staking. Current price: 2319.57.
Markets are always full of surprises, so decide in advance what you’ll do if your judgment turns out to be wrong.
#ETH
Different public blockchains choose different consensus mechanisms and design trade-offs, so block times, confirmation speeds, and transaction fees vary widely.
When comparing public blockchains, don’t just look at the advertised transactions per second. Also consider how validators are distributed, whether the network has ever gone down, and whether people are actually using its applications.
$ETH is the native coin of Ethereum, a layer-1 public blockchain. It is used to pay gas fees and for staking. Current price: 2319.57.
Markets are always full of surprises, so decide in advance what you’ll do if your judgment turns out to be wrong.
#ETH