> the process was a lot slower than shipping an update to a blockchain network The process of creating a system for private, energy efficient smart contract tr

> the process was a lot slower than shipping an update to a blockchain network The process of creating a system for private, energy efficient smart contract transactions took 12 years. To make them scalable and foolproof for the general public will likely take another 5-10 years. Blockchain updates are less like the process of laying physical cable, more like the process of building up a very large piece of software with lots of moving parts, like an operating system. They both require a lot of effort, but with laying cables the effort is physical and legal whereas with operating systems (and blockchain platforms) the effort is heady and research-oriented. We've seen that shipping an update to a blockchain network can be extremely slow indeed, if that update requires a lot of R&D.