RE: Modular Blockchains, can they can solve all of Ethereum’s problems? by shortsegments

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @mephistophenes/re-shortsegments-4l2kc8

hive-167922 · @shortsegments · Oct 19 '21

Hi @mephistophenes

A modular blockchain is a concept for using existing blockchains in a new way. The Bitcoin side chain Lightning uses the cryptocurrency token Bitcoin, but transactions occur on Lightning, while settlement and data storage occur on the main Bitcoin blockchain. 

This is an example of Modular Blockchain activity.
This allows games to take advantage of the speed of Lightning and the low transaction cost of lightning.
Lightning was created for this purpose. Other blockchains could also be created to duplicate this purpose. These chains could perform like Lightning, transactions and lower fees, but settlement and storage of data occurring on the main chain.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-mephistophenes-shejc)

👎 spaminator

`author`	shortsegments
`permlink`	re-mephistophenes-shejc
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@shortsegments/re-mephistophenes-shejc"}
`created`	2021-10-19 04:48:36
`last_update`	2021-10-19 04:48:36
`depth`	2
`children`	2
`last_payout`	2021-10-26 04:48:36
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	785
`author_reputation`	587,979,359,602,895
`root_title`	"Modular Blockchains, can they can solve all of Ethereum’s problems?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	107,139,125
`net_rshares`	-6,985,415,062
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
spaminator	0 B		-6,985,415,062	-0.25%

@mephistophenes · Oct 19 '21 (edited)

Ok, thank you for the explanation. I thought these were called "sidechains".

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mephistophenes/re-shortsegments-4mdudo)

👎 spaminator

`author`	mephistophenes
`permlink`	re-shortsegments-4mdudo
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@mephistophenes/re-shortsegments-4mdudo","links":["https://leofinance.io/@mephistophenes/re-shortsegments-4mdudo"]}
`created`	2021-10-19 07:22:45
`last_update`	2021-10-19 07:23:09
`depth`	3
`children`	1
`last_payout`	2021-10-26 07:22:45
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	182
`author_reputation`	1,721,374,604,761
`root_title`	"Modular Blockchains, can they can solve all of Ethereum’s problems?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	107,141,613
`net_rshares`	-6,985,415,062
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
spaminator	0 B		-6,985,415,062	-0.25%

@shortsegments · Oct 19 '21 (edited)

Your welcome, and you are right, these are called “side-chains”. I think modular Blockchains are theoretical right now, but I will look for an existing set-up.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-mephistophenes-6l4uwx)

👎 spaminator

`author`	shortsegments
`permlink`	re-mephistophenes-6l4uwx
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@shortsegments/re-mephistophenes-6l4uwx","links":["https://leofinance.io/@shortsegments/re-mephistophenes-6l4uwx"]}
`created`	2021-10-19 18:45:06
`last_update`	2021-10-19 18:46:48
`depth`	4
`children`	0
`last_payout`	2021-10-26 18:45:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	265
`author_reputation`	587,979,359,602,895
`root_title`	"Modular Blockchains, can they can solve all of Ethereum’s problems?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	107,153,705
`net_rshares`	-6,616,558,609
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
spaminator	0 B		-6,616,558,609	-0.25%