In a recent Forbes article, the Global Protocol Report has been commended for its thorough analysis of the blockchain sector. This report, a collaboration between the Exponential Science Foundation, INACTA Ventures, Crypto Oasis, and Crypto Valley, examines 50 blockchain protocols, offering unparalleled insights into their performance and evolution.
The article emphasises Switzerland's significant role in the blockchain industry, hosting a substantial portion of the top protocols and holding a major share of market capitalisation. It delves into the diverse range of protocol categories, with a special focus on Smart Contract & dApps Platforms, highlighting their leading position in 2023.
One of the key challenges discussed is scalability, a persistent concern in blockchain technology. The report showcases how the top 50 protocols are addressing this through innovative approaches like layered architecture and sharding. It also touches on the blockchain trilemma, balancing scalability with decentralisation and security.
Proof-of-Stake mechanisms are spotlighted for their energy efficiency, marking a shift from traditional Proof-of-Work systems. This transition underlines the industry's commitment to sustainable practices and improved decentralisation.
The author, Dr. Jemma Green, co-founder of Powerledger, further explores the applications of blockchain technology in various sectors, from NFT marketplaces to smart energy grids, underscoring its transformative potential. She also highlights the importance of regulatory frameworks such as the EU's Markets in Crypto-Assets Regulation (MiCA).
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