In my previous two articles, we reviewed 1) that Bitcoin and Ripple each took the concept of “blockchain” and implemented it differently to fit the needs and requirements of their respective applications, and 2) that Zilliqa significantly boosts transaction rates through the use of sharding.
Now, we will look at an example of the range of blockchain implementation variation driven by application purpose. We will consider the impact of the blockchain concept to mobile payments.
Mobile payments currently require users’ digital identity and payment information to be stored in centralized databases making them vulnerable to attack. Blockchain-p...
The Zilliqa blockchain application provides a good example for developers showing how the blockchain conceptual framework is different than specific blockchain implementations. It shows how to adapt the blockchain framework to fit the application.
Scalability has been one of the biggest issues for existing blockchain implementations. Zilliqa’s application offers a high-transaction rate blockchain platform. It can be used in other distributed applications to achieve ultra high transaction rates.
The transaction rate playing field
For reference here’s a rundown of the current transaction rate landscape:
Some of the big investor types are feeling the need to comment on the recent rise of Bitcoin. Billionaire investor Warren Buffett is one.
“Bitcoin is bubble territory,” he claims of the market for this leading virtual currency. He has also issued a criticism of proposals for applying a value to the cryptocurrency.
Based on a report by MarketWatch, Buffett presented his views on Bitcoin and the cryptocurrency market during an annual question-and-answer session in Omaha, Nebraska in early October 2017. During his remarks, Buffett claimed that Bitcoin is a “real bubble.”
"People get excited from big price movements, and Wall Street accommodates....