What Makes Or Breaks A Blockchain: Gavin Wood's 5 Criteria

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What Makes Or Breaks A Blockchain: Gavin Wood's 5 Criteria

_{//science-technology.news-articles.net/content/2 .. breaks-a-blockchain-gavin-wood-s-5-criteria.html}
^{Published in Science and Technology on Friday, January 31st 2025 at 12:02 GMT by Forbes}

Gavin Wood shares his insights on what makes a blockchain last. A deep dive into Ethereum, Solana, and Polkadot's strengths and flaws.

The article from Forbes discusses Gavin Wood's five criteria for evaluating the success and potential of blockchain technologies. Gavin Wood, co-founder of Ethereum and founder of Polkadot, outlines these criteria as: Decentralization, which ensures no single entity controls the network; Security, which protects the network from attacks and ensures data integrity; Scalability, addressing the ability of the blockchain to handle a growing amount of work; Interoperability, allowing different blockchain systems to communicate and share information; and Usability, focusing on how user-friendly the blockchain is for developers and end-users. Wood emphasizes that while all these aspects are crucial, the balance between them is what ultimately makes or breaks a blockchain's adoption and utility in real-world applications. He argues that neglecting any one of these can lead to significant vulnerabilities or limitations in the blockchain's functionality and acceptance.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/digital-assets/2025/01/31/what-makes-or-breaks-a-blockchain-gavin-woods-5-criteria/ ]

Publication Contributing Sources

Forbes

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What Makes Or Breaks A Blockchain: Gavin Wood's 5 Criteria