Blockchain Industry | Why is it so difficult for public blockchains to be fast, cheap, and secure all at once?
Different public blockchains choose different consensus mechanisms and design trade-offs, resulting in significant differences in block times, confirmation speeds, and transaction fees.
When evaluating a public blockchain, don’t just look at its advertised transactions per second. Also consider how its validators are distributed, whether it has ever experienced an outage, and whether its applications are actually being used.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain, and is used to pay for gas and staking. Current price: 2416.27.
Don’t follow suit just because everyone around you is doing it.
#ETH
For reference only; this is not trading advice.
Different public blockchains choose different consensus mechanisms and design trade-offs, resulting in significant differences in block times, confirmation speeds, and transaction fees.
When evaluating a public blockchain, don’t just look at its advertised transactions per second. Also consider how its validators are distributed, whether it has ever experienced an outage, and whether its applications are actually being used.
$ETH is the native coin of Ethereum, a Layer 1 public blockchain, and is used to pay for gas and staking. Current price: 2416.27.
Don’t follow suit just because everyone around you is doing it.
#ETH
For reference only; this is not trading advice.
