Our current data infrastructure threatens DeFi’s future

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Opinion by: Maxim Legg, founder and CEO of Pangea

The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization, our data infrastructure remains firmly rooted in 1970s technology. If a 20-second load time would doom a Web2 app, why are we settling for that in Web3?

With 53% of users abandoning websites after just three seconds of load time, our industry’s acceptance of these delays is an existential threat to adoption.

Slow transactions are not merely a user experience problem….



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Our current data infrastructure threatens DeFi’s future



Opinion by: Maxim Legg, founder and CEO of Pangea

The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization, our data infrastructure remains firmly rooted in 1970s technology. If a 20-second load time would doom a Web2 app, why are we settling for that in Web3?

With 53% of users abandoning websites after just three seconds of load time, our industry’s acceptance of these delays is an existential threat to adoption.

Slow transactions are not merely a user experience problem….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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