Financial Education - Scaling, a network's core difficulty

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You can find a couple of my educative contents by browsing through the tags; #financial-education #sustainable-finance and generally, by visiting my profile page

Today, we talk about scaling.

What is scaling?

I define scaling as the ability to beat difficulties and progress. It could network downtime like that once experienced on the SOL blockchain a couple of months back, or maybe financial pull backs, failed partnership, community disputes, inner network bridge or outer. There's just a number of them as though they are just problems that could be faced by anyone or any structure, call it institutions.

After reading through Leofinance Most Explosive Year Yet, Volume one Volume Two Volume Three I figured the toughest part about running a company is actually the running phase, which basically is everything the company has to be. Scaling isn't something that comes in once and then vanishes without a trace, it is however the everyday experiences that translate into developments in a well managed institution.

Taking our attention back to the numerous crypto scams and system bridges that we've experienced in the cryptoverse, you'd realize the outer world had taken this as a point of criticism, that, in my opinion was necessary, the Hacks, the critics, they all caused developments, it draws valued from where the weaknesses are addressed.

Hive itself has shown great results in terms of scalability. With the expansion of the network. The introduction of resource credit delegations sounds like one of the greatest developments yet. Because, where an account isn't monetarily powered through RC delegations, it is however charged with resources to help it function on the chain. The design of Hive itself is different and unique from every other chain I've read about. Basically every chain incurs charges upon transactions, but Hive is the only chain that's costless yet scalable…

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The Economic Effect

How does not scaling affect a network?

An economy is made up of users, and user demands include security, scalability and cost minimal. When a network lacks these functionality, it is positioned to run an unhealthy economy. For starters, not scaling means not progressing, because scaling equals building around difficulties and developing upon pull backs, thus creating an economy that isn't stagnant even though it is slowed down by these shortcomings. The economic effects would be losing value, which is solely based on the community. Any non-scaling institution is positioned to lose users, this is something that has happened here on Hive, where certain communities have died into dust as a result of no real time progress, the scaling count 0, thus, no real time development to keep the community spirit alive.

Scaling comes into play in any sector because that's what keeps you relevant in the markets. Even as individuals, being able to project ideas to scale financially helps you maintain a stream of income, you are not pulled down by shortcomings because you manage to build around it, the structure you set up every time the faults set in opens routes of scalability and sustainability…

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