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Opinion by: Maxim Legg, founder and CEO of Pangea
The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization, our data infrastructure remains firmly rooted in 1970s technology. If a 20-second load time would doom a Web2 app, why are we settling for that in Web3?
With 53% of users abandoning websites after just three seconds of load time, our industry’s acceptance of these delays is an existential threat to adoption.
Slow transactions are not merely a user experience problem….
