WazirX founder Nischal Shetty’s new venture is an ambitious blockchain that wants to solve the problem of every other blockchain.
Ethereum, the largest blockchain for decentralized apps and smart contracts, is often described by sceptics as an extremely expensive and extremely slow machine. It's a criticism applied to much of crypto. Security and complete decentralization are the top priorities for the likes of Bitcoin and Ethereum, but that focus also makes them inefficient.
As a result, some of the hottest crypto projects globally are those that promise scalability—faster transactions with fees a thousandth of the cost of Ethereum, or less. This includes Ethereum alternative blockchains like Solana and Cardano as well as what are known as layer 2 chains running …
Akanksha is a former writer at The Morning Context, who covered the cryptocurrency industry and other new technology. Her main area of interest is exploring the vast intersection between businesses and culture in the internet age. Previously, she was an associate sub-editor at Moneycontrol, the online financial news publication owned by Network18.
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