Today, more than 10 years after its creation, the blockchain technology is unprepared to meet the modern networks and their load. As more and more people talk about its worldwide adoption, it is evident that the technology still has to go a long way in its development before that becomes possible.
Norbert Goffa is the co-founder and Executive Manager of the ILCoin Blockchain Project. Together with his team, they are working on the most pressing problems of the industry – such as 51% attacks and scalability issues – to offer breakthrough solutions no one in the market has been able to develop for quite a long time. C2P, an award-winning quantum-resistant consensus, was released at the beginning of 2019. Now the developers are working on its new RIFT protocol designed to solve the scalability problem.
In this interview, Norbert tells Ambcrypto about ILCoin’s technologies and the problems that we all still have to face before blockchain can be fully adopted in the crypto world – and outside it.
What is ILCoin and how is it revolutionizing blockchain?
Our development team has completely reconsidered the principles of blockchain technology that most of us have had in mind. Yes, we regard the technological approach that Satoshi Nakamoto established as our starting point, the foundation for our project. And we do believe that Bitcoin is excellent in its way. However, we also recognize that it lacks the ability to solve several pressing problems. This is why we decided to come up with a remastered blockchain technology in 2019 that no other player on the market is currently in possession of.
We are doing our best to design, develop and release out-of-the-box solutions to the very problems that have been affecting the whole industry for years.