Question

Submit a 5 page paper (APA style) describing the issue of Blockchain transaction speed: how can speed be increased and how will loyalty programs becomes more innovative?

Answer 1

Blockchain's sluggish transaction speed is a major concern for enterprises that depend on high-performance legacy transaction processing systems.” The world received a taste of the scalability problems in 2017 and 2018: severe transfer delays and high fees on the Bitcoin network

This platform increases the possibility of solving

the hash problem. If a block is solved, the block reward is distributed to all the miners who contributed

to creating that block. Block awards are provided to the miners depending on their effort to create the

block. Several methods, such as Shared Maximum Pay Per Share (SMPPS), Capped Pay Per Share

with Recent Backpay (CPPSRB), and Equalized Shared Maximum Pay Per Share (ESMPPS), exist for

distributing rewards . However, the process of solving the proof of work, mining and rewards are

different in mining pools.