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Non Fungible Tokens on Side Chains by disregardfiat

View this thread on: hive.blogpeakd.comecency.com
· @disregardfiat · (edited)
$129.69
Non Fungible Tokens on Side Chains
### Thinking Out Loud
Recently I gave an [interview](https://peakd.com/hive-181335/@theycallmedan/kkrdnepi) with @theycallmedan talking about DLUX and some use cases. Some questions at the time I answered about NFTs and some of the security concerns with housing tokens on a DLUX side chain and I answered with a little bit of hesitancy about general security issues. Namely, the value of items on a chain can't really exceed a Proof-of-Stake threshold. Dan and I have talked a bit more about this and it's forced me to look further into this security/game-theory and further define the reasons behind these different security limits.

![cute drawing](https://www.dlux.io/img/dex1.jpeg)

Where the above holds true is when your side chain is controlling something off chain. For instance a multi-signature account. The biggest reason is once a multi-signature account sends off a transaction it's irreversible for all intents and purposes. The same is true if the accounts are controlling NFTs on other chains like WAX or ETH. However, anything that's reversible/forkable on the side chain doesn't hit this limit. Meaning if somebody executed a Proof of Stake attack, there is no reason why the community couldn't readjust their balance sheet and kick the offending parties. 

For historical context. Ethereum split between ETH and ETC based on a DAO hack. Some people believe code is law, and others (rightly) agree that consensus is law. 

I hope this small clarification helps draw the line between these types of attack vectors and encourages you to build communities and assets on side-chains. We can significantly lower the cost of the fees that have slowed to growth of these markets with the right approaches.
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vote details (312)
@ackza ·
just use WAX https://wax.atomichub.io Wax.io KING of NFts and they really do have the best infrastructure 

![image.png](https://images.hive.blog/DQmTpKt6iSQLYuBnDLhkawLfRFkyhPZjTRb69mvATzMqzNT/image.png)
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@marki99 ·
$0.03
Hive is all about Soft consensus. Don't know if it has a name. The goal is to scale by not securing everything, and instead relying on the threat of forking if anything goes wrong. This is the great untapped niche in crypto. 

Eth is good enough for defi which needs high security. Hive, with sidechains like yours, will enable dapps that require less security and more scalability (lower fees).
👍  
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vote details (1)
@disregardfiat ·
$0.42
DLUX and now Hive Engine are not soft-consensus. There are some real big application with real "big boy pants" over here ;) 
👍  ,
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@ackza ·
$0.38
its soft compared to eosio like @telosnetwork with real smart contracts

hive is like quasi smart contract
👍  
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vote details (1)
@theguruasia ·
$WINE
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@wine.bot ·
<center>
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<img src="https://images.hive.blog/DQmcvnJL2ZB48usaghCU7UC8iHgN5VLQNiaLPr7mo6fCB45/wine.png" alt="wine_logo">

---
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</center>
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@theycallmedan ·
$0.07
This is a great perspective. Well explained.
👍  ,
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