Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
I dont think its needed to have an unlimitted scalalbility, just have a huge maximum tps on the block, then if its fulfilled the others transactions can wait to the next blocks.
Its work with a small time-frame block, like EOS. I never see the max tps is reached too on the explorer, so i dont need it to be do when the demand not huge like Visa/ Mastercard yet.