Paid Network Announces Demodyfi IDO Which will be Launched on Ignition

Blockchain is not a perfect system. Some flaws have lasted longer than they should have. In particular, the problems of scalability and interoperability have stunted the growth of blockchain.

Most users are already used to the convenience created by centralized platforms. For example, financial services are easily carried out across different banks and different countries without any challenges. This convenience is scarce in the blockchain economy, discouraging potential users from migrating to safer and more secure decentralized networks.

Despite the risks associated with centralized platforms, most users would prefer to hang on longer just because of the convenience they are accustomed to. The question of convenience in blockchain has been a thorn in the flesh for quite some time, with most solutions offered underperforming.

In addition to the inconvenience, potential decentralized users must also contend with the occasional, and recently more frequent, high gas prices. Most decentralized financial services are built on Ethereum, which cannot cope with the market’s transaction demands. High gas fees on the platform are now a norm, making users opt-out of decentralized services.

The expanded effect of all these inconveniences is a crippled decentralized market that is unable to grow as expected or even maintain its current userbase. Fortunately, there is hope in innovations from platforms like Demodyfi.