January 2019
Intermediate to advanced
258 pages
7h 12m
English
Content preview from Blockchain for Business 2019
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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.
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