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Sidechains & Cross Chain Tech to Play Important Role in Crypto Future, Says OKEx Partner in Report

Published 10/01/2018, 02:49 AM
Updated 10/01/2018, 04:00 AM
 Sidechains & Cross Chain Tech to Play Important Role in Crypto Future, Says OKEx Partner in Report
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OK Blockchain Capital, a blockchain investment and financial institution partnered with OKEx, recently released a report on the technical limitations of current mainstream blockchain implementations and the future of what it refers to as “Blockchain 3.0” in a press release on Saturday.

The research published by the company touches on sidechain and cross chain technologies, asserting that both of these would “play a key role” in the future development of blockchain technology, including its features and performance.

In its paper, OK Blockchain Capital explained in detail the limitations of blockchain 1.0 (Bitcoin) and blockchain 2.0 (Ethereum) in terms of performance issues and the dichotomy between said performance and decentralization.

“Performance enhancement [in this particular context] refers to expansion in capacity… Assuming an average of one new block generated every 10 minutes, the Bitcoin network can handle seven transactions per second at peak, far from the hundreds of ...


This article appeared first on Cryptovest

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