The future we think…
Our future will become ever more complex, and more transactions and data will be created. As it has been and always will be, data management is one of the most important tools to navigate this complexity. What will happen if we maintain the current system where we keep all the data in one place and manage all the points that are linked to each other? It means all the risks are concentrated in one place. If people keep choosing central points where all their personal data is stored in order to use services and to maintain their lives, is this the right decision or the best choice?
What if such a central point stops to operate? Or what if people or centralized organizations use our valuable information for the wrong reasons? Will we still be able to trust the system after all? It is questionable whether we should continue to trust current centralized systems in which the safety and integrity of our data is not guaranteed.
Even if we cannot transfer all of the internet, which is a sea of information, into the blockchain world, we shall address the necessity of this blockchain platform as a first step heading toward the future. All blockchains have their own governance. While blockchains such as Bitcoin and Ethereum are different, each has its own goal and direction and presents different solutions.
YGGDRASH acknowledges such difference in thinking and is pursuing a platform which will enable different methods to solve these issues together.
The ideology of blockchain has changed. There are still difficulties in how each blockchain project resolves issues and problems in reality. Users who use the network are concentrated on one blockchain, so all transaction data is concentrated in one block, causing negative effects on applications in the real world. This might cause another centralization of the decentralized information of networks, showing the limits of blockchain performance. If too many people try to register in a block at the same time, a bottleneck will occur which is an essential task for the P2P network to tackle, no matter how fast the speed of a blockchain connection is made.
Many blockchain projects are still trying to resolve these problems. The YGGDRASH project will contribute to solve them and subsequently make the blockchain ecosystem much healthier. Our future will become more complex, and more transaction and data will be created. As it has been and always will be, the data management is one of the most important factors.
Team YGGDRASH
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