This blockchain solution can be a giant leap forward for financial services companies looking to employ a real private solution that remains true to many of the key bitcoin blockchain features without mining (Proof of Work), anonymity and
censorship resistance while catering to the key design features that financial services are craving particularly scalability and confidentiality.
Not exact matches
One camp views it as a payment system, wanting cheaper, faster on - chain transactions,
while the other sees
censorship resistance and permissionlessness as its defining feature and value proposition.
While the level of
censorship resistance offered by Bitcoin's permissionless payment network has obvious value, it's also rather expensive.
An increase in the block size limit via a hard fork would also create an increase in the supply of block space, and thus lower the cost of on - chain transactions overall, but it's unclear how large blocks can become
while retaining a sufficient level of decentralization and
censorship resistance.
While bitcoin is certainly unpredictable, the core concepts of decentralized ledger, blockchain technology, and the larger scope of
censorship resistance or «decentralization» are certainly worth looking into.