The Blockchain Is Not Dead | HackerNoon

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The Blockchain Is Not Dead | HackerNoon
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'The Blockchain Is Not Dead' blockchain informationsecurity

, one of the most scalable and innovative blockchains to date. GOSH core development team members have led the design and implementation of radical blockchain architecture, including consensus protocols, governance models, tokenomics, and complex smart contract system research. We are trained to solve problems on the blockchain. We know how to build architecture to allow for challenging use cases.

There are several blockchains which have attempted to tackle this issue before. EOS pioneered the “bond” idea where developers would put a bond of native tokens and use blockchain for free. This did not work out well, as it required developers to incur quite heavy upfront costs. However, the thought, hatched by EOS creator Dan Larimer, that a blockchain does not necessarily require constant fees for processing transactions is, in itself, liberating.

The last point about the inflation of token price, despite being a generally correct observation, is no longer relevant because it’s free, and free is not inflationary. Likewise, GOSH has two “native” tokens, instead of one. The “GOSH” token is a value-capture token. The token which pays for gas in a smart contract outside the “Free Service Area” is called “SHELL” and it is an algorithmic stable coin, and the value against the dollar does not inflate in the case of a stable coin.

“The truth is the majority do not want to deal with the headache and cost of storing private keys securely. This is why cryptographic signing adoption is so low in open source communities . With blockchain a key pair is required . This is a problem for the following reasons:

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