Blockchain goals, are we up for a common goal?
A common habit with the blockchain space is division, it is often about one blockchain better than the other even worse with Bitcoin maximalist.
I get to wonder what are the factors worth considering when choosing blockchain(s) to support. Below are lists of blockchain characteristics worth considering.
- Decentralization
- Censorship resistance
- Scalability
- Use case
- Security
The decentralized nature of Bitcoin is simply not up for discussion, the robustness of Bitcoin and being able to survive to date is mainly due to its decentralized nature.
With complete decentralization comes censorship resistance, one can't exist without the other. A very appealing side to blockchain technology and cryptocurrency is the true ownership capability. Shutting down people's account like on Facebook, Twitter and other centralized social platforms is none existence on a decentralized blockchain.
The scalability of blockchain(s) is worth considering, how many transactions can be processed per seconds? For blockchains to stand a chance of competing with the likes of PayPal with 24 000 transaction per seconds, a lot of improvement is needed within the blockchain space not forgetting transaction fees.
When talking transaction fee this is where Hive excels with zero cost of transaction provided one has Resource Credits (RC) unlike Ethereum with high cost of transaction not so encouraging.
A blockchain with uses cases stands a chance of sustainability, getting involved with a blockchain because of it's price performance which is a common habit in this space isn't a wise idea.
A truly decentralized blockchain will have the characteristics of robustness fall in place without ignoring the security, how secured a chain is, is worth considering. This can be a daunting task for the none technicals but worth taking a look at.
With these factors and more worth looking at, it is uncommon for a blockchain to excel in all areas, perhaps we will be having such in the future, that remains to be seen.
Therefore the division within this space and maximalism is uncalled for if blockchain and cryptocurrency stands a chance to revolutionize our world. The motive to make money certainly can't be ignored which falls in place simultaneously for being involved in the right project.
We are going to achieve a lot with blockchain a lot faster if we work together and not against each other shilling shitty projects.
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I am still watching and anticipating all that would happen. Blockchain technology is very complex(at least for me) but still presents minimal and simple layouts to the most clueless of minds. It is indeed a great project/investment.
When dealing with blockchain, it is a very complex subject even for me as well, it requires consistent learning to stay up to date with its advancement.
The consistent learning is what Hive naturally gives us for being active on the chain as we inclined to this space.
!PIZZA
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I think we have to remember that blockchain ecosystems are organic entities. The people involved in them help to spread things out and provide the evolution.
Each has a role even if they are not tied together in any coherent way.
That said we are able to push things ahead by focusing upon our own individual projects. This is key.
Collectively, we end up with the forest (for those who follow the analogy that I often use).
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We all have our roles to play in the evolution of blockchain, collective actions is an aspect Hive community thrives at, I do believe we can do a lot more than we are doing though.
!PIZZA
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This post makes me think that you would be more than interested in giving me some feedback about improving the social side of Leo Finance!!
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I have a look at it and give feedback, thanks.
!PIZZA
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Hive has a lot of things that will allow more users to join without having too much of a barrier to entry. At least from what I have seen, Hive has just way too much potential, and development just keeps going on.
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It is so encouraging being on Hive where the community are part of the growth and development of the entire ecosystem.
Hive is unique in its own way.
!PIZZA
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