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You're reading from  Blockchain for Business 2019

Product typeBook
Published inJan 2019
Reading LevelIntermediate
Publisher
ISBN-139781789956023
Edition1st Edition
Languages
Solidity
Tools
Ethereum
Concepts
Blockchain
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Author (1)
Peter Lipovyanov
Peter Lipovyanov
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Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov

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Issues faced by blockchain

Decentralized systems are great in many aspects, but they are inherently disadvantaged versus centralized systems in the important aspects of scalability and governance. Running consensus among all nodes on the network just takes too much time and energy. Contrast this with a network with just one central server. Surely it will run faster? But we have already discussed the disadvantage of the central server model: it has a central point of failure. Therefore, there is a trade-off between scalability and speed on one hand, and security on the other hand.

Scalability

Blockchains, at present, are notoriously slow compared to centralized payment processing networks, such as Visa, Mastercard, and PayPal...

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Blockchain for Business 2019
Published in: Jan 2019Publisher: ISBN-13: 9781789956023
© 2019 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Peter Lipovyanov

Peter Lipovyanov is an experienced investment banker and venture investor currently focusing on blockchain projects and crypto-assets. A firm believer in the potential of blockchain technology to change the world for the better by facilitating financial inclusion across the globe and improving the efficiency of financial markets and other sectors of the economy, he has been involved in several promising blockchain projects building decentralized applications. His passion for education also led him to create a bestseller online course about the fundamental principles of blockchain technology and its business applications, which is the basis for this book.
Read more about Peter Lipovyanov

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