Blockchain scalability is a ‘solved problem’ says Offchain Labs CEO


19 Sep 2023 9:25 PM

Offchain Labs CEO says regulatory compliance and building better user interfaces is the next step for wider blockchain adoption....

  • According to Offchain Labs' CEO, Steven Goldfeder, scalability is no longer the main barrier for public blockchain adoption.
  • The biggest challenges faced by ecosystems today are related to user interface and regulatory compliance.
  • Resolving these issues would facilitate the entry of larger institutions, including banks, into the blockchain space.
  • Existing institutions and users are more concerned about the safety and legality of blockchain protocols rather than the underlying technology.
  • Developers should consider different types of users when building blockchain products.
  • Making it easy for people to onboard into blockchain structures is crucial.

The overall sentiment of the article is positive, as it highlights the progress made in solving scalability issues and emphasizes the importance of addressing user interface and regulatory compliance challenges.

Go to publisher site

You May Ask

What is the main barrier for public blockchain adoption according to Offchain Labs' CEO?What are the biggest challenges faced by ecosystems in the blockchain space?How would resolving user interface and compliance issues benefit larger institutions?What are existing institutions and users more concerned about in blockchain protocols?What should developers consider when building blockchain products?

Suggested Reads