Presentation: How Blockchains Work and How To Scale Them
This presentation is now available to view on InfoQ.com
Watch videoAbstract
* No prior knowledge of blockchains is required for this presentation.
"The Scalability Problem" is the fact blockchains technically can't process 300MB blocks every 10 seconds, or more generally put, that they can't process very large blocks at very short time intervals, to allow thousands (and more) transactions per second.
While this is fairly well known, the reason why blockchains can't scale, and what is the bottleneck preventing it, are getting very little attention.
In this presentation, I will go through:
- How blockchains work (fairly quickly)
- Why can't they scale (hint - its the Network)
- The bloXroute model to solve this bottleneck, using a Peer-audited centralized system