Thursday , 21 June 2018
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Ethereum explores a fix for blockchain’s performance problem

The creator of the open-source blockchain platform Ethereum is exploring ways to fix an innate issue with the technology – the inability for processing capacity to effectively scale.

And the Ethereum Foundation is seeking outside developers to help solve the scaling problem.

Ethereum and Hyperledger are the world’s leading blockchain platforms and the basis for a myriad number of applications, from cryptocurrencies such as Ethereum’s Ether to “smart” or self-executing online contracts.

While open and efficient because all transactions in the peer-to-peer distributed ledger technology can be seen in real time, one performance problem has been that every entry on a blockchain requires every node to process it. This has the potential to slow transactions such as payments.

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