Starting and running a business requires a lot of commitment and hard work. As a business owner, I am always under constant pressure to implement new technological advancements as they come. For instance, a few years ago, before blockchain technology was created, my business went through major challenges. Blockchain, however, came to the rescue and saved my business from collapsing.
Blockchain has managed to help my business expand to different counties in my country, which is a huge step. The technology, however, has its own challenges which I am currently looking to deal with. The aim at the end of the day is to make my business global. Expanding the business is a challenge because of the few issues that I face with blockchain technology.
THE PROBLEM.
The majority of the blockchains which have been created have some issues such as the lack of energy efficiency, poorly performing blockchains as well as lack of any type of carefully considered governance mechanisms.
One of the blockchains that I heavily use for my business would be bitcoin and Ethereum, both of which greatly help in my transaction processes. Bitcoin is the most common one, but it has a problem of scalability. This scalability problem with Bitcoin’s transaction process has been there from the very beginning but there are currently attempts to deal with the issue. These proposals include Bitcoin and Segregated -Witness and both of these are vertical scaling models.
Both of these models are still facing the challenge of a lack of capacity within any single machine. Another solution is the Lighting Network whereby the number of transactions on the ledger is reduced. The Lighting Network is applicable in cases of privacy-preserving payment rails and micropayments but it is not suitable to meet general scaling requirements.
Bitcoin’s scalability problem is a challenge that I would like to see fixed as it makes the transaction process altogether slow which causes a lot of inconvenience to a business owner like me. As I was researching a solution, I came across this amazing project which I believe is going to solve the issue of scalability as well as many others which I am currently experiencing.
The KAPPI solution.
Kappi is the project which is going to solve the challenges that I have mentioned above and even more with its unique network architecture. Kappi is basically a network of various independent blockchains which are referred to as spaces. These blockchains are each powered through a KAPPI DWARF which makes sure that there is consistent, highly efficient and safe PBFT similar consensus engines in which accountability is assured through forks.
Having multiple blockchains on the same ecosystems ensures that there is no challenge of scalability in the network whatsoever with the blockchains running concurrently with each other and still retaining interoperability.
The KAPPI network runs on the platform’s native token referred to as KAPPI with the KAPPI DWARF being the central ledger of the entire system thus it is highly secured. This further guarantees the security of the entire ecosystem as each zone is secured by a set of validators that are decentralized to ensure there are no cases of any type of hacks.
CONCLUSION.
Check out more about KAPPI from their website and social media handles to understand the project better. Adopting KAPPI is going to take my business to the next level, which is what I have been looking to do over the years.
For More Information Click Link Below:
🔗 Website: https://kappi.network/
🔗 Telegram: https://t.me/kappi_network
🔗 Github: https://github.com/kappinetwork
🔗 Twitter: https://twitter.com/kappinetwork
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ Images credited to KAPPI NETWORK
