Blockchain has been around for some time now. But with constant improvements and enhancements within the last decade, blockchain has become more robust, fast and scalable. Big companies like Facebook, Walmart etc. are already adopting blockchain for many of its chores. For example, Walmart uses blockchain to track food from farm to plate to ensure safe products in their local stores. Facebook has rolling out Libra (Digital Token), are some of the prime example that will lead us to think that mass adoption are not too far.
In this article we will quickly walkthrough the recent improvements that makes blockchain more useful and scalable in coming days.
With the recent release of MetaHash 4.0, speed at which transactions were processed are significantly impacted. For example, MetaHash can process 50,000 transactions per second and validates settlements in three seconds or less. This next generation network based on blockchain 4.0 is primarily used for sharing digital assets and creates platform for managing applications that are decentralized. With such speed and use case, it is apparent that more companies are starting to adopt this technology as it gets better.
Now let’s talk about sustainability. Sharding one of the proposed solution, this is the process of splitting block verification process and running parallel subcommittees to collate the completed data. One of the platform that utilizes Sharding is Zilliqa.