5 blockers to blockchain

blockchain blockers
Francesca Greane
Content Marketing Manager @ Third Republic

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  1. 2 – yes; 5 – maybe; 4 – somewhat: there are definitely questions as the level of legal enforceability of smart contracts and digital signatures (not in the UK – digital sigs are enforceable there) – but lack of regulation over cryptocurrencies is hardly a blocker to blockchain adoption.

    1 and 3 – no: bitcoin and ethereum are slow for sure, but these are specific implementations of blockchain, both using proof of work as the consensus mechanism. There are plenty of alternative technologies and consensus schemes that are fast and scalable…

    Just my two-penneth of course!

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