RE: How to Process 100M Transfers / Second on a Single Blockchain by thecryptofiend

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blockchain · @thecryptofiend · Dec 2 '16

OK so is this the same as side-chains on Bitcoin or the Lightning network?

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@faddat · Dec 2 '16

Definitely not.  

Both achieve the effect of scale, but to be frank this is much, much better.  Once segwit and lightning kick in, I anticipate some issues in the world of bitcoin, specifically because they more or less move some transactions off of the blockchain.  @dantheman's solution does not propose such madness.

👍 arcurus, thecryptofiend, kyle.anderson

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@thecryptofiend · Dec 2 '16

OK cool.  I am also wondering if we could take some of the ethereum thunder with regards to "smart contracts" too.  We have the speed and scaling - which they have not yet fixed and from what I am reading there seems to be a loss of confidence in their blockchain overall.  I'm not being mean to ethereum but it seems there is an opportunity there right now.

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@faddat · Dec 2 '16

$0.68

I must toss out an alternate view.  

I've been a critic of steem-- but I hope, a "known friendly" critic.  I say this because I now feel compelled to compare to ethereum.  AFAIK, ethereum, and thus "ether" the "gas" that pays for transactions.... both do a grand total of nothing at all.  Really.  

So here's my reply on that:  I do not think that we want any of that thunder.  For more on some pretty awesome stuff, have a look into these things, comparatively:

* Graphene
* Tendermint
* Hyperledger

From my limited (but-limited-knowledge-puts-me-in the top 1% of programmers for comparative blockchain knowledge and top .001% of humans for the same) knowledge, I want to say that there are way better things on the horizon.  G, TM, and HL all share some common points.  There's an incredible discussion occurring here:  

https://github.com/cosmos/cosmos/issues/43

👍 wackou, igster, thecryptofiend

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@timcliff · Dec 2 '16

Not sure.

👍 thecryptofiend

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