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Blockchain usage right now is minimal, largely due to the fact that for most use cases it’s too expensive (the cost is high, confirmation time is long). For mo
by robcohen 6y ago
Blockchain usage right now is minimal, largely due to the fact that for most use cases it’s too expensive (the cost is high, confirmation time is long).
For most use cases, Ethereum is too expensive and the blocks are too full, the same is true for Bitcoin.
Once second layer solutions are more mature and layer 1 blockchains are substantially cheaper due to new consensus protocols, you will see more applications for blockchain.
Until then, blockchain is too expensive for the free world, and is largely only somewhat useful to those in failed states.