Goto

Collaborating Authors

Blockchain Scalability: State Channels, Sidechains & more...

#artificialintelligence

This post is an excerpt from the book Token Economy, Shermin Voshmgir, 2019. One of the greatest challenges of a distributed consensus like "Proof-of-Work" is that it makes the network safe, but slow. This is due to the trade-off between all dominant attributes of blockchains: decentralization, security, and scalability. Scalability is a big issue when it comes to evaluating the feasibility of tokenized use cases and the future of a token economy. In order to allow for a high degree of decentralization in a public and global network, blocks in "Proof-of-Work" blockchains are limited in size and are created with some delay. This intentional process allows members of the network that are computationally weaker to participate, since larger blocks are harder to process and network latency would prohibit them from receiving blocks.


Blockchain Scalability: State Channels, Sidechains & more...

#artificialintelligence

This post is an excerpt from the book Token Economy, Shermin Voshmgir, 2019. One of the greatest challenges of a distributed consensus like "Proof-of-Work" is that it makes the network safe, but slow. This is due to the trade-off between all dominant attributes of blockchains: decentralization, security, and scalability. Scalability is a big issue when it comes to evaluating the feasibility of tokenized use cases and the future of a token economy. In order to allow for a high degree of decentralization in a public and global network, blocks in "Proof-of-Work" blockchains are limited in size and are created with some delay. This intentional process allows members of the network that are computationally weaker to participate, since larger blocks are harder to process and network latency would prohibit them from receiving blocks.


Vitalik Buterin: Sharding and Plasma Could Scale Ethereum by 10,000x - Bitcoinist.com

#artificialintelligence

Vitalik Buterin has shed some light on the subjects of Sharding and Plasma while essentially suggesting that Ethereum's network will ultimately be capable of supporting tens of thousands of transactions per second. While the entire session was filled with interesting insight, what definitely caught the attention of most viewers were Buterin's thoughts on Sharding and Plasma -- two major improvements to the Ethereum blockchain which are currently under development. As it stands currently, Ethereum's blockchain can -- according to Buterin -- support up to 15 transactions per second (TPS). Recognizing that this has become widely inefficient and, for what it's worth, insufficient, Buterin explained that the team's concentrated efforts have been to handle what could be a major roadblock for Ethereum's further development. Vitalik explained that Sharding is a layer one scalability solution, which is designed to directly improve the existing blockchain -- essentially making it work a lot better.


Blockchain Interoperability - The Importance of Cross Chain Technology

#artificialintelligence

Blockchain and distributed ledger networks are exploding by the day. Migration into new chains is becoming a necessity as more people continue to take note of the emerging technology and its capabilities. The number of blockchain projects is on the rise in part because developers are thinking outside the box as they try to leverage the technology's capabilities. The increase also comes on acknowledgment that no perfect solution will be able to address all blockchain needs at once. A perfect example is the IOTA blockchain that seeks to enhance payments on the Internet of Things. VeChain, on the other hand, shares similar capabilities but with the aim of strengthening supply chain management on the blockchain. Stellar blockchain, on the other hand, seeks to make it easy for people to come up with a global payment network for solving low latency issues in remote areas.


A New Approach to Blockchain Interoperability, True Decentralization.

@machinelearnbot

Disclaimer: We only look closely at and write about projects we believe in, have invested in or plan on investing in. Information below aims to be impartial; however it is not investment advice. A close look at the Blockchain space reveals a series of blockchain projects that operate largely in distinct silos. The reality is that blockchain technology is yet to realise widespread real-world adoption, however as we accelerate towards maturity a key infrastructure level requirement will be the ability for information to be transmitted in real time from blockchain to blockchain and even off-blockchain to old world systems. Anecdotally we need to look only as far as the internet to conceive the value that interconnectivity can generate.