It is not about the past. This is not about the future, it is about the present.
Having performance problems is a bit coin network, not active band chaining technology.
As everyone knows
The bit coin network suffers from a 7 TPS performance ceiling, and the Ethernet network is not far from the 25 TPS performance ceiling.
However, the active Bitshares block chain has also achieved 3000 TPS performance on the test network with DPoS technology (and source). Critics say this is a sort of cheating achieved by a compromise of centralization, but there is also a religious war here, according to DPoS claims that there is no decentralized system at the point of block production nodes as DPoS.
3000 TPS covers Reddit's write performance requirements [1]. Reading will be solved by caching and CDN anyway.
Off-chain interworking is also active technology.
Putting meta-data in the chain that has data in the off-chain can bring tremendous performance improvements. This block chain, which is commonly known, is inefficient in space usage. However, off-chain data also makes it possible to chain cloud (fog) storage blocks such as Sia coin or Storj.
Up to this point, I'm talking about active duty and from now on, it's about the future.
Etherium is the first Turing complete block chain. Therefore, solving only the problem of expanding the performance of the etherium, the implantation of the etherium is actually expected. Let's take a look at Etherium's performance expansion roadmap.
The Raiden network is scheduled for launch in June and July 2017
The Raiden network is a copy of SegWit and Lightning network technology on the bit coin side. This technology is an extraterrestrial technology, and anyone who understands the technology of the block chain these days will understand it. Without this technology, I think the Crypto-Kerr market has stopped funding at 10% of the market.
Why this technology is so great is that this technology can bring performance to near infinity (under some unfriendly prerequisites). Too good to be true? Do your research.
What Raiden technology does not solve is smart contracts and performance enhancements of DApp. According to Etherium founder Vitaly Buterin, Raiden "will help expand the performance of a fairly large number of Dapps." But would it? I am skeptical because I do not have enough technical understanding of both possibilities.
However, I believe that "infinite performance" is really possible for the feature called payment. And this alone is great.
If Raiden is an alien technology
Quadratic Sharding is an outer space technology.
(Becoming increasingly crazy)
There are only a few people who understand this technology and who believe it is feasible, including the Etherium developers. It's like quantum physics in the early 20th century. When this happens, both smart contracts and DAPPs mentioned above can scale to near infinity. I do not understand it, but I vaguely believe in my belief in the Core Dev team. Do you want to hear criticism about being religious? Let's take Tesla, for example, called cult stock. Are the people who buy Tesla's stock in cult passion really know as much about the technical details as Elon Musk? Trust in science in modern society is based on indirect trust in the expert group.
I think I should return to reality again to talk about the future.
The EEA members, including Samsung SDS, are currently trying to create a block chain
Intranet - to tie the hierarchy of public and private chains as Internet hierarchies. Layer is the way to expand performance.
I want to standardize the protocol for that.
Not everything is easy. If you are a programmer, consider the 1994 Internet. Horizontal sharding, event driven programming, Many-core computing, NoSQL Database, Javascript JIT Compiling ... It was the dawn of darkness when all these modern technologies were absent. "Why the Internet will fail" [7]. But the wave of the times would be the most fluctuating.
In the dot-com era, there was a story that focused on the GAFA empire (Google, Apple, Facebook, Amazon), starting with "SQL" and "No-SQL" in terms of technology.
With the "Database Is Dead", the era of block chaining can not come.
Conclusion
Of course, everything may go down economically, socially and technically. But as always, there are Haram who are challenging today. And all the changes of the times were led by such crazy guys.
Nowadays, in the 13th Five Year Plan of China, the block chain is introduced as a future development strategy along with artificial intelligence, IoT, Big Data, etc. [2] [3] [5] Suddenly, the feeling of reality that is approaching is not felt well. Russian President Putin will not interview Etherium Founder Vitalik.
I wonder if the era of block chaining is going to happen.
References
[1] Steem White Paper:
https://steem.io/SteemWhitePaper.pdf
[2] China To Support Blockchain Development Under New Five-Year Plan:
https://www.cryptocoinsnews.com/china-support-blockchain-development-new-five-year-plan/
[3] Tokenized Dollars: Singapore’s Central Bank Details New Blockchain Trial:
http://www.coindesk.com/tokenized-dollars-singapores-central-bank-details-new-blockchain-trial/
[4] Newsweek in 1995: Why the Internet will fail:
https://thenextweb.com/shareables/2010/02/27/newsweek-1995-buy-books-newspapers-straight-intenet-uh/#.tnw_h870UuFY