I looked through the 2023 macro outlooks from the largest financial institutions including Goldman Sachs, JP Morgan, and BlackRock.
(Links to all reports at the end)
Here’s what they’re expecting next year:
"...modular blockchains are arranged in a stack that combine to achieve the same functions as a monolithic chain."
This is not Lego, it's Pacific Rim.🤣
(1/18) The Problem with Merkle Trees
At the heart of @Bitcoin, @ethereum and many blockchain computers is the Merkle Tree. While this data structure has served us well, it is not perfect... and if you look ahead, you can see impending problems.
Let's talk Merkle proof scaling.