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We are now going through a very defining period in the history of blockchains
where the era of monolithic blockchains is ending and
the era of modular blockchains is starting
marking the first step towards mass adoption!
🧵 A thread on Consensus mechanisms: 👇
where the era of monolithic blockchains is ending and
the era of modular blockchains is starting
marking the first step towards mass adoption!
🧵 A thread on Consensus mechanisms: 👇
Since the inception of #Bitcoin,
the blockchain industry only had monolithic blockchains
where one #blockchain is designed to not outsource components to external networks
and is burdened with too many tasks to perform
the blockchain industry only had monolithic blockchains
where one #blockchain is designed to not outsource components to external networks
and is burdened with too many tasks to perform
In a monolithic #blockchain
The #consensus & execution functions are bundled into one layer
And a smart contract is then built on this bundled layer
The users are bound within one execution environment
This limits the potential to optimize & specialize for specific use cases
The #consensus & execution functions are bundled into one layer
And a smart contract is then built on this bundled layer
The users are bound within one execution environment
This limits the potential to optimize & specialize for specific use cases
