Blockchain platforms
Hiemstra, Tarek (2021)
Hiemstra, Tarek
2021
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2021113022743
https://urn.fi/URN:NBN:fi:amk-2021113022743
Tiivistelmä
The purpose of the study was to compare four cryptocurrencies, including Ethereum, Cardano, Polkadot and Solana, to establish the one with the most potential and possibility of surviving. Cryptocurrency is a relatively new technology that is changing how humans transact and share information.
The study is part of a thesis for the Bachelor of Engineering program. The research is based on theoretical research as Game theory is used to analyze cryptocurrencies and blockchain platforms. Existing research has already provided an overview of the four cryptocurrencies, and further research was needed to identify the opportunities in blockchain technology.
The result of the research is that Polkadot has the most potential for growth in the long term, considering that it will provide a link for all blockchains. Other platforms have limitations, and that is affecting their capabilities to grow and dominate the blockchain ecosystem.
The significant finding of the research is there needed to be a platform to link all the existing and upcoming blockchain projects. Current cryptocurrencies should adopt hard fork and cross-chain platforms to help them achieve success. Polkadot is implementing the concept, and that will likely have an impact on future blockchain technology. The findings can underpin future research on blockchain to ensure there is a breakthrough in the technology.
The study is part of a thesis for the Bachelor of Engineering program. The research is based on theoretical research as Game theory is used to analyze cryptocurrencies and blockchain platforms. Existing research has already provided an overview of the four cryptocurrencies, and further research was needed to identify the opportunities in blockchain technology.
The result of the research is that Polkadot has the most potential for growth in the long term, considering that it will provide a link for all blockchains. Other platforms have limitations, and that is affecting their capabilities to grow and dominate the blockchain ecosystem.
The significant finding of the research is there needed to be a platform to link all the existing and upcoming blockchain projects. Current cryptocurrencies should adopt hard fork and cross-chain platforms to help them achieve success. Polkadot is implementing the concept, and that will likely have an impact on future blockchain technology. The findings can underpin future research on blockchain to ensure there is a breakthrough in the technology.