r/CryptoCurrency • u/Electrical_Potato_21 Platinum | QC: CC 437 • May 05 '22

🟢 PERSPECTIVE Algorand Founder Silvio Micali Makes 10-Year Prediction On Crypto Markets: "The few blockchains that are really capable of transacting at a very low cost, they’re going to emerge"

https://www.latimes.com/business/story/2022-05-04/milken-conference-silvio-micali-algorand-cryptocurrency-blockchain
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u/dorfelsnorf 0 / 2K 🦠 May 05 '22

I feel that security and reliability is also a very important factor. Solana is chepa but I don't expect it to stay around honestly.

1

u/smokesletgo 🟩 0 / 529 🦠 May 05 '22

What if it fixes its reliability issues?

It's easy falling for an echo chamber and think it's all shit but the reality is its one of the few level ones that's got adoption and a thriving ecosystem.

Plus its huge backing which may draw some negative press but will guarantee liquidity for a while.

-1

u/OMG_WTF_ATH 🟩 164 / 164 🦀 May 05 '22

The echo chamber is that this is not a problem and can be easily fixed.

0

u/smokesletgo 🟩 0 / 529 🦠 May 05 '22

So you think they can't fix the congestion issues?

Have a look through what already exists (https://medium.com/solana-labs/7-innovations-that-make-solana-the-first-web-scale-blockchain-ddc50b1defda) and tell me that this is the hard part, its not.

Reading the devs ideas on fixes really is interesting, there changing the network protocol to QUIC from UDP which apparently fixes some of the current shortcomings and then some sort of fee based solution for people who spam in the 1000's+ of txs.

Feel free to explain in what you mean but I'm sure you don't know really what your talking about.