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What could be the most secure and flexible blockchain platform on Earth?

Jax.Network. Learn how PoS having validator nodes makes the blockchain less secure and more centralized and compare it with PoW.<br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

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What could be the most secure and flexible blockchain platform on Earth?

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  1. What could be the most secure and fexible blockchain platform on Earth? Satoshi Nakamoto considers an ideal blockchain platform as genuinely decentralized, where any government or any authority cannot intervene in any sense. Overall, no platform can provide immediate answers to our question of an ideal blockchain solution. A lot of startups working on this have failed, while some of them are still in beta. What are some of the pressing issues with blockchain adoption? • Major blockchain platforms like Polkadot, Cardano are entirely based on Proof of Stake (PoS). Ethereum 2.0, based on PoS, has nodes that lose sync among themselves due to diferent speeds and the data won’t get synchronized. • Validator nodes make the blockchain less secure and more centralized because every validator has an IP address that can be traced and shut at any point in time. Protocols following the PoS consensus mechanism will fall frst. • On the other hand, the Bitcoin blockchain is based on the PoW (Proof-of-Work) consensus mechanism which makes a miner dispensable. That is one of the primary reasons for the success of Bitcoin. How can we solve these issues? • The sharding solution would give fat payment systems extreme competition because they would ensure more security and decentralization. • Having a stablecoin would be another solution but with controlled minting capacity. • A better stablecoin can be used as a currency for day-to-day activities so people won’t need to switch to fat. Conclusion • A blockchain platform that is more secure, more scalable, and genuinely decentralized is the need of the hour. Having a decent stablecoin on top of that would be necessary for realizing the full potential of the blockchain. • The platform should be working along with Bitcoin’s blockchain because its PoW consensus protocol simply makes it more decentralized and secure. Ultimately it would lead to more stability and better scalability. • Fiat currencies will always be centralized, whereas cryptocurrencies have the potential to achieve complete decentralization. Ultimately, the target is to have a global cryptocurrency that can replace fat for daily use. Are you ready to join the Jax.Network? Join Now jax.network

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