Whitepapers TOP White Paper Explained Summary

TOP White Paper Explained Summary

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TOP White Paper

Summary:

-The blockchain space has experienced tremendous growth since emerging just over a decade ago.
-However, many have been left wondering why it has yet to produce any world changing applications.
-The current blockchain technologies have still not matured to a point where commercial applications are viable.
-Satoshi Nakamoto introduced the world to the basic concepts of decentralization and blockchain through Bitcoin.
-Ethereum was later released to expand upon Bitcoin’s limited uses cases with the revolutionary concept of smart contracts.
-However, Ethereum was found to be too slow for most applications.
-This lead to a flurry of new projects attempting to solve its issues, including projects like EOS and Tron.
-While improving upon their predecessor in terms of scalability, many of these next gen public chains were rushed and sacrificed decentralization for scalability.
-Blockchain platforms have yet to produce any large-scale massively adopted DApps.
-This is because current blockchain technologies still suffer from several flaws, including: lack of true scalability, lack of support for real-time applications, lack of developer tooling, lack of support for complex business workflows, and a lack of initial users.
-TOP Network addresses these inadequacies and builds upon the trials and errors of previous blockchain iterations.
-The platform consists of three main layers: the infrastructure layer, service layer, and application layer.
-Together, these layers can support the development and operations of DApps of any scale.

Explained – TOP White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the TOP white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. TOP.

Lets understand TOP after going through the TOP white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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TOP White Paper

TOP white paper will be going to provide you, all the information that is needed to get started with TOP, including the inspiration for creating, the problem it is trying to solve and the solution proposed by TOP.

Introduction

Since emerging just over a decade ago, the blockchain space has experienced tremendous growth. With the promises of decentralization, transparency, P2P commerce, digital trust, and brand-new business models, blockchain has inspired an entire movement. However, while blockchain technology undoubtedly holds great promise for the future, many have been left wondering why it is yet to produce any world changing applications.

Unfortunately, current blockchain technologies have still not matured to a point where commercial applications are viable, except for a few select uses cases. As the pioneer, Satoshi Nakamoto introduced the world to the basic concepts of decentralization and blockchain through Bitcoin.

Years after, Ethereum was released to expand upon Bitcoins limited uses cases with the revolutionary concept of smart contracts. This brought to the forefront the concept of Decentralized Applications, or DApps. However, Ethereum was later found to be too slow for most applications, which lead to flurry of new projects attempting to solve its issues, including projects like EOS and Tron.

While improving upon their predecessor in terms of scalability, many of these next gen public chains were rushed, and sacrificed decentralization for scalability. Even with the modest scalability improvements in recent years, blockchain platforms have yet to pro-duce any large-scale massively adopted DApps.

Broadly speaking, this is because current blockchain technologies still suffer from several flaws, including: lack of true scalability, lack of support for real-time applications, lack of developer tooling, lack of support for complex business workflows, and a lack of initial users.

This paper introduces TOP Network, a full-stack blockchain platform which addresses these inadequacies and builds upon the trials and errors of previous blockchain iterations. The platform consists of three main layers: the infrastructure layer, service layer, and application layer. Together, these layers can support the development and operations of DApps of any scale.

White Paper Link: TOP White Paper

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