Mosaic Protocol

Purpose: This document gives a technical summary of the Mosaic ecosystem that is being built, which is designed for those familiar with AI, cloud computing, decentralized applications, and blockchain technology.

Problems with Current Blockchains

Performance: Current blockchains (like Bitcoin and Ethereum) can't handle many transactions per second, leading to slow and costly transactions.

User-Friendliness: Blockchain apps are often complicated for the average user, requiring technical knowledge and additional software.

Cost: High costs deter widespread adoption and limit developers from creating free services.

Platform Lock-In: Developers are restricted to specific blockchains, making it hard to switch later.

Lack of Features: Current blockchain services lack rich features and community incentives to improve them.