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#168 – Silvio Micali: Cryptocurrency, Blockchain, Algorand, Bitcoin, and Ethereum
Lex Fridman Podcast
Blockchain and Cryptocurrency - What Does Scalability Mean?
You have a nice presentation on this as scalability, security and decentralization. And you challenged the blockchain trilemma that claims you can only have two of the three. So let's talk about each. Scalability means how fast can you write? Just imagine that you can write an entry in this special shared ledger once every hour. If you have no one transaction per hour, the world doesn't go around. You want to have this speed not only in writing but in sharing and inspection for validity. The world is big. The world wants to interact with each other."
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