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The efficiency of decentralized book systems like Bitcoin and Ethereum has always been a challenge. It is usually measured by three major factors: scalability, throughput, and latency. Scalability refers to how the system capacity is increased by adding more physical resources. Throughput measures the volume of transactions for a given period of time, where most current solutions attempt to improve such as NEO, EOS, etc. Latency measures the processing time of any single transaction. In current blockchain based systems, the block generation rate is the main latency bottleneck. Off-chain processes such as state channels are the most recent work that can integrate partial inbound transactions, reducing latency. Unfortunately, the state channel introduces more issues at the same time, such as cross-channel synchronization, which makes the state channel unavailable for full adoption of current blockchain solutions.
This week ALZA improved the signaling method in the case of fork to improve the community governance and to push the system to a more decentralized direction. #technical #progress
IBM Research has teamed up with United States-based agriculture tech firm Hello Tractor to boost the African agriculture industry with blockchain.https://t.co/9rxE1xg9c8
Calgary, a city in the Canadian province of Alberta, has launched its own digital currency. The Calgary Dollar will allow holders to pay for services and goods at local shops. https://t.co/bQ8R0nfNjk
Shenzhen, a major city in the Guangdong Province and the first economic special zone in China has “successfully connected the blockchain invoice system with the WeChat payment platform.” with Tencent. https://t.co/QOwZp8ChZF