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

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/ ]