According to Statista, global spending on blockchain solutions is projected to grow to $19 billion by 2024. However, despite its numerous applications across a multitude of industries, there is still a large debate over what type of blockchain protocol is most effective.

At its core, blockchain technology is designed to act as a public ledger where information can be recorded and distributed without being manipulated or edited. Every blockchain must strive toward three main features: security, decentralization, and scalability. Yet, not all blockchain protocols achieve this task to the same degree.

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