Welcome!
Today we are discussing the Blockchain Trilemma, a term used by the co-founder of Ethereum, Vitalik Buterin.
➡️ The term describes the balance between the 3 core concepts of the blockchain; Decentralization, Security and Scalability.
➡️ The blockchain offers a decentralized, and permissionless ownership of assets that anybody can use, in contrast to traditional financial systems that are completely centralized and hold control over our money.
➡️ However as the demand is rapidly increasing, how much more can the blockchain grow without compromising the security of its users and their data?
How does the balance of the above 3 concepts matter when making investment decisions?
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My name is Somi Arian and I am a Tech Philosopher, a 'Transition Architect' as well as an Author, Award-Winning Filmmaker, Entrepreneur, and a LinkedIn-Top-Voice in the UK.
My documentary, “The Millennial Disruption”, has won three international awards, and I published a book titled “Career Fear (and how to beat it).”
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🕘 Timestamps:
00:00 Intro
00:46 What is the Blockchain Trilemma?
01:37 What to consider as an investor?
03:14 Outro
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📢 Disclaimer:
All information provided in this video is solely for educational purposes. No information is to be taken as financial advice. All the statements and expressions are based on research and personal opinion and are not meant to be a substitute for professional advice or recommendation.
➡️ Trading cryptocurrencies poses a high risk of loss and you should not make any financial or investment decisions based on this video without undertaking your own research or consulting with a professional.
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