kaal:claim:3782216-003

Blockchain transactions will always be expensive compared with other peer to peer transactions, because blockchain data must be stored eternally and redundantly on as many machines as possible to support decentralization.

Source quote, verbatim

Blockchain transactions will always be expensive compared with other P9P trans- actions. Blockchain transactions are required to be stored eternally and redundantly on as many machines as possible to aid decentralization.

From

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Banking and ZKRollups
https://ssrn.com/abstract=3782216 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

Classification

mechanismsupport: arguedblockchaineconomicsdecentralization

Verify

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