Top Microsoft engineer predicts blockchain vertical upgrade: Which industries could lead the charge?
Chris Lee predicts that blockchain will soon move from horizontal to vertical scale.
Vertical scaling can increase efficiency and improve user experience in online casinos.
Advanced solutions, such as atomic swaps, can replace packaged assets while maintaining decentralization.
Chris Lee, former Microsoft engineer and co-founder and CTO of Ava Protocol, talks about the boldness of the future of blockchain technology.
According to Lee, the focus of blockchain development is set to shift from horizontal scale to vertical scale in the next five years. This transition is expected to redefine how various industries use blockchain technology, especially in terms of efficiency, user experience and decentralization.
Horizontal elastic solutions reach saturation
Horizontal scaling, which involves increasing the number of nodes or expanding network capacity, has been a primary method for improving blockchain performance. However, Lee points out that this approach has reached its limits.
Horizontal scaling solutions such as Ethereum layer-2 solutions and zk-rollups show that saturation is essential for new strategies.
Vertical scaling, on the other hand, aims to empower individual transactions, making them faster and more cost-effective while maintaining decentralization.
Online gaming is poised to take significant advantage of vertical scale.
One industry poised to benefit significantly from vertical scale is online gaming in particular. Online casinos.
The integration of blockchain technology in online casinos has already shown promise in terms of transparency, security and fair play.
Vertical scaling can further transform this sector by enabling more complex transactions and interactions within gaming platforms. Improved smart wallets and multi-signature solutions can enhance the user experience, making it easier for players to manage their assets and engage in secure, instant transactions.
Lee highlighted his limitations. Enclosed digital assetsAlthough they have the advantage of connecting assets in different blockchains, they re-introduce centralized risks and dependencies.
For online casinos, this means that the current reliance on custodians for asset management could be replaced by decentralized solutions such as atomic swaps and cross-chain bridges.
These technologies promise to preserve the decentralized ethos of blockchain while enhancing functionality and security.
The balance between security, scalability and decentralization
Also, vertical scaling can solve the problem. blockchain trilemma – Balancing security, scalability and decentralization.
By efficiently allocating resources and leveraging marketing capabilities, vertical scaling can provide industries like online casinos with robust and scalable solutions that don't compromise on security or decentralization.
Vertical scaling is a promising future, changing how blockchain technology is applied across sectors and paving the way for more efficient and user-friendly applications.
