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

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Viewing a response to: @dantheman/how-to-process-100m-transfers-second-on-a-single-blockchain

blockchain · @timcliff · Dec 2 '16

$0.10

> The best way to achieve these properties while maintaining flexibility is to have a robust cross-chain communication protocol and keep all new / changing features on separate chains. You could have one chain for STEEM, one for SBD, one for STEALTH STEEM, and one for STEALTH SBD.

If we were to go this route, would each chain need to have its own coin associated with it, along with miners, witnesses, etc. - or would they all somehow be tied together via STEEM?

👍 liondani, ivanvan

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@dantheman · Dec 2 '16

$0.11

Just one token and set of witnesses

👍 liondani, timcliff

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@timcliff · Dec 2 '16

Cool, that's awesome!

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@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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1 reply

@timcliff · Dec 2 '16

Not sure.

👍 thecryptofiend

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