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?
unlimited scaling and still decentralization is impossible. only a centralized system can do all that. but if the question is changed, will a decentralized platform be able to scale to billions of people around the world?. I'm sure it can. there are many ways to do it all. either increase the capacity of the block until it can do that, or use a layer2 network. so that transactions can be processed faster without adding too large a block capacity.