On November 14, at BlockShow Asia 2019, a panel discussion was held regarding the topic of scaling blockchain technologies. Speaking celebrities unanimously agreed that the main dilemma for users today is the difficult choice between scalability and decentralization.
By celebrities who took part in the panel discussion, we meant CEO Lisk Max Kordek, founder of Etherscan Matthew Tan, technical lead at Microsoft Azure Saranya Sriram and Xinxi Wang, co-founder of Litecoin Foundation. This composition of the speaker certainly provided attention and audience. to BlockShow Asia 2019.
Briefly covering some points of the discussion, it is worth focusing on the words of Max Kordek about the development and difficulties of the process of scaling blockchain technologies.
“The scalability of the blockchain is a kind of compromise. This process cannot be completed just now and for free. That is why it will always be ridiculous for me to hear about a project that wants to make sure its potential users that 50,000 transactions per second are possible. ”
Xinxi Wang, in turn, supported the words of a colleague, commenting:
“For Litecoin, the decentralization and security side, rather than scalability, remains more acceptable. Given the complexity of the situation, leaving a balance between these concepts is still a difficult task, but we try to keep the right priorities. ”
Also, during the discussion, Matthew Tan once again emphasized the words of his colleagues, and added that the important fact remains that in the first place it is necessary to determine what does the concept of scalability means for modern blockchain technologies? In his speech, the leitmotif was the idea that there are no objective reasons for scalability. At the moment, it is worth focusing your attention and strives for an environmentally friendly environment, where decentralization and security will be in the first place, in the process of scaling.
Summing up, it is still worth noting that despite the voiced authoritative opinions, this topic is quite a niche for public discussion. In support of this, there is the fact that at the end of the panel discussion there were no questions to the speakers.