'The Problem With NFTs' can’t be dismissed.
With that in mind, let’s check in on how the fastest blockchain in the world was doing on Sunday, when the aforementioned crypto crash led many people to use it to buy and sell assets. Here’sAs the price of cryptocurrencies across the board slid during Friday’s trading session, traders large and small found themselves unable to execute transactions on Solana’s blockchain — a protocol that has been touted by proponents for its scalability and fast transaction speeds.
And so, it seems, Solana is the world’s fastest blockchain until a lot of people want to use it at the same time, at which point it performs just like any other blockchain, which is to say badly. Keeping people safe on platforms today rests on a handful of assumptions that we take for granted: that our posts, purchases, and other activity is mostly private; that offending materials can be removed; that bad actors can be prevented from evading bans by keeping record of phone numbers, IP addresses, and other signals.
In an excellent blog post published a day after Olson’s video, software engineer Molly White elaborates on potential blockchain abuses.People who keep their cryptocurrency wallet addresses private often do so with good reason: there is very little privacy available once your crypto wallet address is known, because every transaction is publicly visible, and attempts to obscure them often easily unobscured with chain analysis tools.
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