The Inside Story of The SCAM Called Blockchain. Blockchains are EXTINCT like Dinosaurs.

On average Bitcoin processes about 7 transactions per second, which makes it pretty slow compared to Ethereum (15) and Ripple (the fastest major cryptocurrency, at 1,500 per second).

A Real World Internet Scale System like Google Search takes less than 1/10th of a second

“ As you type, we predict the rest of your query, comb through billions of web pages, rank the sites, images, videos, and products we find, and present you with the very best results. The entire process takes, in many cases, less than a tenth of a second — it’s practically instant.”

Thats what it takes to make Real World Systems.

Lets try to understand Scalability. The only way we know how to scale systems is by dividing the requests across multiple machines, processing them independently and serving the requests.

Contrast this with the ONLY way Blockchain Networks work. Every piece of data goes to every machine in the network. And so does every request. Each node processes each request on the entire data. And then performs something called consensus with all other nodes. Whatever that means, thats not relevant for the discussion of scalability right now. The essential part to note is that Any Blockchain Network is limited by the capacity of ONE/EACH Machine and as the system evolves, its data grows.

The deal killer is that ALL Data and Requests GOTO EACH NODE. There is no other way.

It is trivial to conclude that such systems can never Scale to Real World uses.

Despite the Hype, everything is Blockchain, Blockchain is the solution to world hunger problem. And VC’s investing millions of dollars in blockchain. As of today Blockchains are used only in occasional cryptocurrency applications. Which work in 15–100 transactions/second.

There are absolutely NO OTHER REAL WORLD APPLICATIONS that work at PRODUCTION SCALE e.g. Real Estate Assets, Examination, Voting etc. NONE!!!

After 10 years of Hyperbole.

The problems of Scalability, Throughput and Energy Consumption are unsolved and CANNOT BE SOLVED in all probability.

Blockchains have been relegated to a SCAM, SCAMMERS TOOL.

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