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2019-12-04 04:39:56

A South Korean startup boasts of faster blockchain

A next-generation blockchain platform builder Bloom Technology claims to have developed a faster blockchain solution that addresses blockchain’s two most significant hurdles – scalability and speed. As much as we love blockchain for its metamorphic abilities and providing us with life-altering solutions, it is also true that it has limitations. In a race to emerge as Visa-like payment alternative, blockchain’s scalability and speed problems are making themselves known and causing hindrance to its mainstream adoption. Two of the biggest names in the crypto community, Ethereum cofounder Vitalik Buterin and Binance CEO Changpeng Zhao took to social media earlier this year,