KcPele · March 17, 2022 11:09
diff --git a/Blockgames Task - Web3 Proposal - by Kelechi Ndukwe - Kcpele b/Blockgames Task - Web3 Proposal - by Kelechi Ndukwe - Kcpele
 Blockgames Task - Web3 Proposal - by Kelechi  Ndukwe - Kcpele

 Introduction
 With the rapid development of cryptocurrencies such as Bitcoin and the application of blockchain technology in industries such as finance, 
 Internet of things (IoT), cloud computing and supply-chain, blockchain has gradually attracted global attention
 Blockchain provides a programmable environment for smart contracts as an emerging technology with great potential. 
 Taking advantage of blockchain, smart contract has been widely used in blockchain. 
 Smart contract can not only change the existing business model, but also bring a lot of convenience to public life in reality.

 Main Content
 Block chain is a powerful system but has some little disadvantage. I would state the area that i think i would improve on which are as follows:
 - The cost of dapp is too expensive therefore i will improve on that to make it less expensive
 - Dapp wallet do not have way of recovering pass phrase. I would say that there should be a way since it runs on nodes that it should recognise the device that the account was open on
 - Blockchains are not scalable as their counterpart centralized system. If you have used the Bitcoin network, then you would know that the transactions are completed depending on the network congestion. This problem is related to scalability issues with blockchain networks. 
 In simple words, the more people or nodes join the network, the chances of slowing down is more!. I would be using a different architectural blockchain solution such as Corda.
 - Right now, there are multiple blockchain technologies out there. If you pick up the most popular ones including the blockchain technology used by Bitcoin, you will find a lot of inefficiencies within the system. 
 This is one of the big disadvantages of blockchain. To improvve Right now, there are multiple blockchain technologies out there. If you pick up the most popular ones including the blockchain technology used by Bitcoin, you will find a lot of inefficiencies within the system. 
 This is one of the big disadvantages of blockchain

 Conclution
 This paper introduces the research status of application, existing problems and solutions for blockchain smart contract.
 This leads us to the end of our proposal of blockchain technology. 
 There is no doubt that blockchain technology has its own cons and all the points that we discussed above.
 There are newer blockchain solutions that offer better solutions compared to the first generation of blockchain technology. 
 For example, Ethereum solved the inefficiencies by shifting to a better blockchain technology solution where there is a way of automation using smart contracts. 
 It also adopted Proof-of-Stake (PoS) which is somewhat more efficient than that of Proof-of-Work (PoW).
	Blockgames Task - Web3 Proposal - by Kelechi Ndukwe - Kcpele

	Introduction
	With the rapid development of cryptocurrencies such as Bitcoin and the application of blockchain technology in industries such as finance,
	Internet of things (IoT), cloud computing and supply-chain, blockchain has gradually attracted global attention
	Blockchain provides a programmable environment for smart contracts as an emerging technology with great potential.
	Taking advantage of blockchain, smart contract has been widely used in blockchain.
	Smart contract can not only change the existing business model, but also bring a lot of convenience to public life in reality.

	Main Content
	Block chain is a powerful system but has some little disadvantage. I would state the area that i think i would improve on which are as follows:
	- The cost of dapp is too expensive therefore i will improve on that to make it less expensive
	- Dapp wallet do not have way of recovering pass phrase. I would say that there should be a way since it runs on nodes that it should recognise the device that the account was open on
	- Blockchains are not scalable as their counterpart centralized system. If you have used the Bitcoin network, then you would know that the transactions are completed depending on the network congestion. This problem is related to scalability issues with blockchain networks.
	In simple words, the more people or nodes join the network, the chances of slowing down is more!. I would be using a different architectural blockchain solution such as Corda.
	- Right now, there are multiple blockchain technologies out there. If you pick up the most popular ones including the blockchain technology used by Bitcoin, you will find a lot of inefficiencies within the system.
	This is one of the big disadvantages of blockchain. To improvve Right now, there are multiple blockchain technologies out there. If you pick up the most popular ones including the blockchain technology used by Bitcoin, you will find a lot of inefficiencies within the system.
	This is one of the big disadvantages of blockchain

	Conclution
	This paper introduces the research status of application, existing problems and solutions for blockchain smart contract.
	This leads us to the end of our proposal of blockchain technology.
	There is no doubt that blockchain technology has its own cons and all the points that we discussed above.
	There are newer blockchain solutions that offer better solutions compared to the first generation of blockchain technology.
	For example, Ethereum solved the inefficiencies by shifting to a better blockchain technology solution where there is a way of automation using smart contracts.
	It also adopted Proof-of-Stake (PoS) which is somewhat more efficient than that of Proof-of-Work (PoW).