Communications

How blockchain can add trust to the IoT

Comments (1)
  1. Private blockchains have their place will fully centralised systems for one organisation. They do not scale to global size across multiple companies to create a decentralised, permissionless ledger system. Current layer1 blockchains, such as Bitcoin and Ethereum, are too expensive, slow and unsustainable for IoT blockchains. The industry will have to wait until low cost, high speed, low energy have displace them, such as https://convex.world.

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