Opinion: Maxim Legg, Founder and CEO of Pangeaa
Blockchain is facing a crisis of its creation. While we celebrate the theoretical transaction speeds and the signing of decentralization, our data infrastructure is still rooted in firmness in the seventies technology. If the time of downloading 20 seconds would calm the Web2 application, then why do we settle for that in Web3?
With 53 % of users who give up websites just three seconds after the download time, our industry acceptance of these delays represents an existential threat to adoption.
Slow transactions are not just a problem with user experience. High performance chains like Aptos are able to thousands of transactions per second. However, we are trying to access their data through “Frankstein Fenery” – the systems paved together from tools such as postgres and Kafka that have never been designed for the unique Blockchain demands.
The hidden cost of technical debts
The consequences extend beyond the simple delay. Current indexing solutions force development teams to choose an impossible: either building a custom infrastructure (consumes up to 90 % of development resources) or accepting severe restrictions on existing tools. This creates a performance paradox: the more faster than the Blockchains, the more clearly than the data of the data infrastructure.
In realistic circumstances, when the market maker needs to implement Crosschain arbitration trade, they are mainly fighting against their infrastructure, as well as competition against other traders. Each millimeter represents the contract that was spent on the contract or awaiting state updates of lost opportunities and lost revenues.
This is no longer theoretically. The main trade companies are currently hundreds of contracts to maintain competitive reaction times. The infrastructure bottleneck becomes a decisive failure point when the market requires the peak performance.
Traditional automated market makers may work with low -sized symbolic pairs, but they are mainly insufficient to trade in institutions. Most Blockchain concepts today are described better as uninterested in data that build simplified views of the chain state that works in basic use cases but collapses under severe pregnancy. This approach may be sufficient for Defi applications of the first generation, but it becomes completely insufficient when dealing with state changes in actual time through multi -performance multi -performance chains. The solution requires mainly rethink about how to deal with Blockchain data. The next generation systems should pay the data directly to users instead of the central access through the traditional database structures, allowing local processing for low performance to access. Each data point needs to be verified, with timetables and evidence that guarantee reliability while reducing the risk of manipulation. A basic transformation. Complex financial products such as UNChen derivatives with faster government tools and low gas fees become. Moreover, derivatives are used to discover prices, which are currently happening in the central stock exchanges. When the chains become faster and cheaper, the derivative protocols will become the main place to discover prices. recently: The role of Stablecoins and RWAS in Defi This transition requires the infrastructure that is able to provide data “inside eye flash” – between 100 to 150 milliseconds. This is not arbitrary. This is the threshold where human perception is delayed. Anything is slower mainly than what is possible in decentralized financing. The current model for excessive knot surveillance and non -consistent cumin definition files for dangerous financial applications will not be expanded. We already see this with large commercial companies that build increasingly intended solutions – a clear indication that the current infrastructure does not meet the needs of the market. Since the fastest Blockchains with low gas fee allows advanced financial tools, the ability to flow states in real time becomes decisive to the efficiency of the market. The current form of data collection with multiple delay is mainly limited to what is possible in decentralized financing. Blockchains emerging data productivity pushes data to unprecedented levels. Without matching the developments in the data infrastructure, we will create the Ferrari engines connected to bicycle wheels – all the energy without the ability to use them effectively. The market will force this change. Those who fail to adapt will find themselves increasingly relevant in an environmental system, as access to data in the actual time is not a luxury but rather a basic necessity for participation. Opinion: Maxim Legg, Founder and CEO of Pangeaa This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Reflence data structure
The imminent rapprochement of the market forces
The necessity of change
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