The Third Blockchain Trend – Data and Bandwidth
Updated: 05 April, 2021
Hard to believe that since the last post I wrote on technical price data the entire crypto market grew over 1 trillion US dollars!
First the Gamestop issue brought attention to the main issues surrounding centralisation.
We first saw an influx of money coming into DeFi sector… Uniswap, Sushi, Synthetics….
Then we saw investors looking for cheaper and faster alternatives to Ethereum for decentralised exchanges. Binance Coin, Avalanche, Polkadot…
Now in March/April we’re seeing an increased interest in Blockchains which tackle data and bandwidth issues… Filecoin, THETA, etc….
When we had only proof of work and proof of stake consensus algorithms, it was hard to conceive that blockchains could handle large amounts of data and still maintain their effectiveness and integrity.