Will China maintain its strong economic growth in the years to come? Some suggest it will until 2050. What do you think?

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Will China maintain its strong economic growth in the years to come? Some suggest it will until 2050. What do you think?

Will China maintain its strong economic growth in the years to come? Some suggest it will until 2050. What do you think?

If China will go from 17 million to 200 million middle- and upper-income people by the early 2020s, would the scenario presented by Best Buy not be applicable anymore? Would newly rich Chinese customers engage in this purchasing in the 2020s?

With Alibaba’s ownership of the very popular Tmall and Taobao online shopping systems (similar to eBay and Amazon) and its spread across the world, will a Western-based online shopping culture ultimately infiltrate China?

Answer preview Will China maintain its strong economic growth in the years to come? Some suggest it will until 2050. What do you think?

Scalability is a major issue with decentralised blockchain since each node adds more data to the chain. When decentralising the blockchain, scalability is an essential factor. Technically speaking, increasing the size of the blockchain slows down the network and creates bottlenecks at every node. By moving the digital signature to the end of the block chain and reducing the block interval, it is possible to increase throughput while maintaining decentralisation. This is known as changing the block size. To avoid undermining network trust, consider reducing the number of participating nodes required to validate each transaction. In order to maintain decentralisation while simultaneously lowering latency and boosting throughput, sharding distributes a given task into several nodes that all perform at the same time. Sharding reduces the amount of transactions that each node needs to verify to a manageable level. The usage of Proof of Stake, which allocates mining power based on how much bitcoin a miner really owns, is another way to boost scalability. Ownership stake rather than processing power is used to determine the percentage of transactions that may be mined by a PoS miner.

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