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The necessary scalability of Layer-1 on blockchain

Blockchain has opened up many possible applications, including payments, tokenization, smart contracts, and in general, data access management. For beginners, a recent article The Crypto Story written by Matt Levine on Bloomberg is a good read. It explains quite well in non-technical language some of the problems blockchain could potentially solve, as well as the problems it currently has. Especially, the article makes a good common sense case for the need for a new kind of database to replace the existing ones, something that the current crypto world largely misses.

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume IDigital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
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Volume IIBitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
(coming soon)