Opinion
General-purpose blockchains can’t solve industry disputes over construction changes or equipment usage. Specialized layer 1s are optimized for stateless audit trails and regulatory compliance.
Steven Pu
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Steven Pu co-founded Taraxa, a purpose-built, fast, scalable and device-friendly layer-1 public ledger designed to help democratize reputation by making informal data trustworthy. Steven also had the honor of co-authoring the book “Next Blockchain” with Makoto Yano, vice-minister of Japan’s Ministry of Economy, Trade, and Industry.
Universal blockchains buckle under real-world demands