Given how difficult it has been for Blockchain technology to scale since Bitcoin's inception back in 2009, it makes me wonder whenever Blockchain could beat VISA someday?
The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.
Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA?
The potential is there for Blockchain to scale to many users. However, some crypto projects have sacrificed decentralization in exchange for high transaction throughput and low fees. Which is why, it cannot be possible to achieve decentralization while obtaining high scalability.
Nonetheless, do you think that it's possible for Blockchain tech to surpass traditional payment processors like VISA?
The way I see it I think it would defeat VISA and a lot of people will be delight to use Blockchain because of the fastness and direct payment system.