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The key problem of decentralized cryptocurrencies is scaling. At the beginning when Bitcoin and Ethereum were created, they were used by a small number of cryptocurrency enthusiasts who were curious to test this new technology. The networks had enough bandwidth to handle transactions back then, but recent cryptocurrency hype attracted a lot of new users and overloaded popular blockchain networks.

АERGO (https://www.aergo.io) is a further development of the Coinstack project created by South Korean company Blockо. Coinstack provides solutions on a private blockchain for businesses. At the moment private blockchain Blocko is used by around 40 companies including Korea Exchange, Hyundai Motors and Lotte Card.

At the time of its release, Ethereum became very popular thanks to smart contracts. Most ICOs are held on Ethereum blockchain which helps cultivate future competitors. The platform called Vite is different from those kinds of projects because developers will not be launching the usual ICO.

The issue of privacy on the Internet is gradually becoming a sore thumb for the Internet users. Some countries restrict people’s right to freely exchange information at the legislative level. Generally, lawmakers say that these laws are in place to fight organized crime and terrorism.

Modern developers are actively working to improve decentralized networks, which makes the internal ecosystem more productive and functional. But the question is – are modern blockchains suitable for integration into businesses and various external systems? And the answer is no. Decentralized networks are still unsuitable for widespread use. The Taxa Network (https://taxa.network/) project offers a completely new solution that will make blockchains and decentralized applications more adaptive and easily integrated into various fields.