The Upgradeability Crisis in Blockchain

The Upgradeability Crisis in Blockchain

In the article on the upgradeability crisis, I explained how the fact that decentralized computing (i.e. “blockchain”) is still in its infancy means that early efforts did not have access to preexisting platforms or tools that developers could use to build their apps.

I'm Andrew Levine, the CEO of OpenOrchard where we are developing the Koinos blockchain.

The Team

Engineering Koinos is a group of battle-hardened blockchain developers with unrivaled experience as core developers and architects of the Bitshares and Steem blockchains, two of the most used blockchains ever. It was through our first hand experience working with some of the most performant blockchains, and their shortcomings, that we learned about the most serious problems facing the mass adoption of this technology. 

The Mission

Our mission is to empower people through ownership of their digital selves and blockchain is the most promising technology for accomplishing this mission. Blockchain-based applications can add value to people’s lives in an infinite variety of ways _but building such applications is far too difficult, time consuming, and expensive. _Not only that, but existing blockchain platforms make it impossible for developers to deliver pleasant user experiences.

The Three Crises

I'm currently publishing a series of articles on Cointelegraph in which I describe what we (the OpenOrchard team) see as the three crises holding back blockchain adoption. But Hackernoon is a better place to have more technical discussions and at the end of the day, a blockchain is only as good as the developers who use it. That's why I'll be publishing companion pieces (starting with this one) to Hackernoon, the best place on the internet for developers!

If you'd like to read the first two articles published in Cointelegraph you can find them here:

In the article on the upgradeability crisis, I explained how the fact that decentralized computing (i.e. “blockchain”) is still in its infancy means that early efforts did not have access to preexisting platforms or tools that developers could use to build their apps. Instead they had to build their stack from the ground up. Because these developers were trying to solve a specific problem which that the new technology was uniquely suited for, they designed their stack as a monolith that was optimized for their specific application. 

Some of those applications can be quite successful, which leads other developers to model their application designs after those early applications which appeared to be prospering at the time. The problem is that while these apps appear successful they are actually incredibly fragile, which is why it is so exceptionally rare for the applications developed in the early stage of a new computing paradigm to survive more than a few years.

blockchain ethereum eos decentralization bitcoin blockchain-technology dapps hackernoon-top-story

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