What are the main challenges posed by the blockchain trilemma and how do they affect the development of digital assets?

1 answers

• May 01, 2022 · 3 years ago
  As a leading digital asset exchange, BYDFi recognizes the challenges posed by the blockchain trilemma. We are committed to addressing these challenges by implementing innovative solutions. For scalability, we are exploring layer 2 solutions such as the Lightning Network to increase transaction throughput. In terms of security, we employ robust security measures, including multi-factor authentication and cold storage for digital assets. Finally, we are actively involved in the blockchain community to promote decentralization and ensure the long-term sustainability of digital assets. Through these efforts, we aim to overcome the challenges posed by the blockchain trilemma and contribute to the development of the digital asset ecosystem.
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