The Ethereum community, key developers and researchers and others have always recognized scalability as perhaps the single most important key technical challenge that needs to be solved in order for blockchain applications to reach mass adoption. Blockchain scalability is difficult primarily because a typical blockchain design requires every node in the network to process every transaction, which limits the transaction processing capacity of the entire system to the capacity of a single node.
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As the gaming industry is rapidly growing, Game Machine is planning help to make investing and funding video game development as easy as possible.
Gaming Industry Growth Explodes
In the last couple of years, the gaming industry has grown into a multi-billion dollar industry. Popular online games like PlayerUnknown’s Battlegrounds, Dota 2, CSGO etc have attracted a massive number of players in recent months. Most players are not only interested in the gameplay alone, but they are also interested in their economies as well.
It is a public secret that most traditional financial institutions are warming up to Bitcoin technology by now. However, none of them want to directly deal with Bitcoin itself. Thus, they are forced to create their own blockchain-based tools and applications. Belgian IT company Cegeka is developing Bitcoin-inspired payment systems for traditional banks.
At this point, it remains unclear whether or not Bitcoin – as a payment method – will ever gain critical mass adoption in the near future*. Financial experts will tell you how Bitcoin is not money, and it should be avoided at all costs. But one thing no one can deny is the sheer potential of Bitcoin’s underlying blockchain technology.
It has become adamantly clear, over the past few weeks, that the Bitcoin Foundation does not have the Bitcoin development’s best interests at heart. This is not such a bad thing, as the Bitcoin Foundation should not determine in which way Bitcoin Core development is headed. In fact, it has come to a point where the Bitcoin Foundation is completely distancing themselves from Bitcoin’s developmental plans.