Thanks for sharing Ayomide! I loved the introduction and the beginning of the article more than the rest because there are a lot of problems with Bitcoin and Blockchain that are not presented here. For someone who doesn't know the details of these technologies, it looks like we're in rainbow land with them but the reality is different:
- Blockchain is suffering from problems that are related to its design and architecture, which is one reason why people have created technology like Hashgraph (and its related crypto currencies). Hashgraph does not become slower (like Blockchain) every time the number of its users increases, it becomes faster.
- To overcome this slowness (and the huge consumption of energy), Ethereum started using Proof of Stake instead of the Proof of Work concept (not everyone can mine, only random chosen validators can do this task), which makes the currency a kind of centralized instead of decentralized.
rakiabensassi.medium.com