Published On: Fri, May 25th, 2018

Op Ed: The Benefits of Incentivizing Node Operators in Public Blockchains

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The cryptocurrency industry has seen tremendous growth this year, with a 3,363 percent increase in market capitalization and a 216 percent increase in cryptocurrency and asset exchanges. While this is certainly promising, it foreshadows a unique scalability problem. At present, most crypto companies are almost entirely dependent on the charity of “nodes” to establish and enforce the rules of their platform — all with little or no incentive to do so.For years, this has been the industry standard, and, so long as the system isn’t overwhelmed, it holds up. However, with the recent surge of activity surrounding …

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