Too Long; Didn't Read
Blockchain incompatibility has prompted the idea of <a href="https://medium.com/geoprotocol/the-need-for-layer-3-on-the-internet-of-value-2a62f8e93160">“Layer 3.”</a> Blockchain technology is one of the most over-hyped technologies in recent years. It suffers from serious teething problems, to say the least. After showing promise being able to overhaul the top-down model of relationships, implementable decentralized solutions in the real world are still a long way off. They are either not fully decentralized or poorly scalable due to low throughput and/or lack of compatibility with other blockchains. Hence, there really is no ecosystem that has adopted it en masse. In this piece, we will take a glance at the main pain-points of existing blockchains and the solutions which aspire to alleviate them.