{"id":3379,"date":"2022-07-12T05:51:36","date_gmt":"2022-07-12T05:51:36","guid":{"rendered":"https:\/\/atmecs.com\/?p=3379"},"modified":"2024-08-16T13:40:31","modified_gmt":"2024-08-16T08:10:31","slug":"blockchain-state-of-pocs2","status":"publish","type":"post","link":"https:\/\/atmecs.com\/blockchain-state-of-pocs2\/","title":{"rendered":"Blockchain \u2013 State of POCs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3379\" class=\"elementor elementor-3379\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c20906d elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"c20906d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d829e3\" data-id=\"1d829e3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-edced7c elementor-widget elementor-widget-heading\" data-id=\"edced7c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Blockchain \u2013 State of POCs<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65409f4 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"65409f4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-user\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Bhanu Prakash \u2013 Director \u2013 Engineering<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b7737c elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"1b7737c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-d551519\" data-id=\"d551519\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8a179ff elementor-widget elementor-widget-text-editor\" data-id=\"8a179ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>By now, this may be the 100th time you are hearing the word \u2018Blockchain\u2019 within a week. There are scores of organizations that are trying to build Proofs-Of-Concept (POC) across diverse domains. But among all these, still, there are questions being raised on the scalability of Blockchain technologies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ded11a4 elementor-widget elementor-widget-heading\" data-id=\"ded11a4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Challenges with Current Blockchain Technologies<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51f1a65 elementor-widget elementor-widget-text-editor\" data-id=\"51f1a65\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The biggest challenge with the current Blockchain technologies is transaction speed. You can say that this is the only reason for Blockchain technologies not going mainstream. But how much of these transaction speeds affect your plans? Is there a way out? Is it possible that you can continue working on POCs without worrying whether you can take it mainstream?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-984b892 elementor-widget elementor-widget-heading\" data-id=\"984b892\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Do transaction speeds affect your POC?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17451e8 elementor-widget elementor-widget-text-editor\" data-id=\"17451e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Yes, if you are building a Dapp on the \u2018Main Ethereum Network\u2019 and if you plan to use ethers (Cryptocurrency of Ethereum) as part of your functionality. Transaction speeds depend on a few factors like block size, block time, transaction traffic, and transaction fees (Gas), etc.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c04c5ce ha-has-bg-overlay elementor-widget elementor-widget-text-editor\" data-id=\"c04c5ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>\u201cEthereum has a block size limit due to the block gas limit enforced by the consensus protocol. The block gas limit is dynamically adjusted by miners. In each block, miners can increase or decrease the block size by a maximum of the previous block size divided by 1024.\u201d<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9c001d elementor-widget elementor-widget-text-editor\" data-id=\"e9c001d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><br \/>So, it is next to impossible for any changes to take place in the way blocks are added to Blockchain currently. Even if someone wants to change, there are other complications. There are efforts to find a way out. There is Lightning Network among others. So, if you are currently building a PoC on the main Ethereum chain then you should think it over.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd99075 elementor-widget elementor-widget-heading\" data-id=\"dd99075\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ethereum Private Consortium<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47be90b elementor-widget elementor-widget-text-editor\" data-id=\"47be90b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you have been working on PoCs around private Ethereum blockchain either on Azure Cloud (Azure provides templates to spin private consortium) or an in-house chain, then you are at least safe from transaction speeds. From a scalability point-of-view, you can always add more nodes to your network and also deploy your Dapp based on your Peer network. In this sense, you can have multiple deployments of Dapp connecting to the nearest Blockchain node and then redirect users accordingly. The consensus logic, either Proof-of-Work or Proof-of-Stake, also doesn\u2019t really affect your Dapp.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce9ffbf elementor-widget elementor-widget-heading\" data-id=\"ce9ffbf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ethereum Blockchain Vs Hyperledger<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf941ce elementor-widget elementor-widget-text-editor\" data-id=\"cf941ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>I have come across this argument multiple times. Also, there is an argument on \u2018Permissioned\u2019 &amp; \u2018Permissionless\u2019. If you are building a Dapp on public Ethereum Blockchain then it is \u2018Permissionless\u2019 but if you are setting up your own private consortium then it is, in the way a, \u2018Permissioned\u2019. You cannot really compare a Public Ethereum Blockchain to a Hyperledger. The only big difference between a Hyperledger and a PRIVATE Ethereum Blockchain is that Hyperledger doesn\u2019t have any provision for Cryptocurrency. Both of them differ on consensus mechanism and a few other aspects. So, if you are building an enterprise Dapp then you have a choice of using either Hyperledger or Private Ethereum Blockchain.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-58cfecf\" data-id=\"58cfecf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Blockchain \u2013 State of POCs Bhanu Prakash \u2013 Director \u2013 Engineering By now, this may be the 100th time you are hearing the word \u2018Blockchain\u2019 within a week. There are scores of organizations that are trying to build Proofs-Of-Concept (POC) across diverse domains. But among all these, still, there are questions being raised on the scalability of Blockchain technologies. Challenges with Current Blockchain Technologies The biggest challenge with the current Blockchain technologies is transaction speed. You can say that this is the only reason for Blockchain technologies not going mainstream. But how much of these transaction speeds affect your plans? Is there a way out? Is it possible that you can continue working on POCs without worrying whether you can take it mainstream? Do transaction speeds affect your POC? Yes, if you are building a Dapp on the \u2018Main Ethereum Network\u2019 and if you plan to use ethers (Cryptocurrency of Ethereum) as part of your functionality. Transaction speeds depend on a few factors like block size, block time, transaction traffic, and transaction fees (Gas), etc. \u201cEthereum has a block size limit due to the block gas limit enforced by the consensus protocol. The block gas limit is dynamically adjusted by miners. In each block, miners can increase or decrease the block size by a maximum of the previous block size divided by 1024.\u201d So, it is next to impossible for any changes to take place in the way blocks are added to Blockchain currently. Even if someone wants to change, there are other complications. There are efforts to find a way out. There is Lightning Network among others. So, if you are currently building a PoC on the main Ethereum chain then you should think it over. Ethereum Private Consortium If you have been working on PoCs around private Ethereum blockchain either on Azure Cloud (Azure provides templates to spin private consortium) or an in-house chain, then you are at least safe from transaction speeds. From a scalability point-of-view, you can always add more nodes to your network and also deploy your Dapp based on your Peer network. In this sense, you can have multiple deployments of Dapp connecting to the nearest Blockchain node and then redirect users accordingly. The consensus logic, either Proof-of-Work or Proof-of-Stake, also doesn\u2019t really affect your Dapp. Ethereum Blockchain Vs Hyperledger I have come across this argument multiple times. Also, there is an argument on \u2018Permissioned\u2019 &amp; \u2018Permissionless\u2019. If you are building a Dapp on public Ethereum Blockchain then it is \u2018Permissionless\u2019 but if you are setting up your own private consortium then it is, in the way a, \u2018Permissioned\u2019. You cannot really compare a Public Ethereum Blockchain to a Hyperledger. The only big difference between a Hyperledger and a PRIVATE Ethereum Blockchain is that Hyperledger doesn\u2019t have any provision for Cryptocurrency. Both of them differ on consensus mechanism and a few other aspects. So, if you are building an enterprise Dapp then you have a choice of using either Hyperledger or Private Ethereum Blockchain.<\/p>\n","protected":false},"author":1,"featured_media":3256,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[102],"tags":[54],"class_list":["post-3379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atmecs-blog","tag-block-chain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain: Overcoming the Scalability Challenge<\/title>\n<meta name=\"description\" content=\"Explore the scalability challenges of Blockchain technologies and the impact on their mainstream adoption. 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