Obviously, today's big issue is block limitation in size and capacity to hold on our transfers.
Bottlenecks are killing us and I feel strangled so I turned my head to Fiber.
Instead of killing us it's Infinitely scalable, it expands and adapts without affecting our biz. The words can't do justice.
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DO you have technical knowledge? Can you explain how obelisk works? I just don;t understand how this can be safe and decentralised without PoS or PoW
?
I keep seeing this in a lot of threads, why do you think that PoS or PoW are so crucial? Why wouldn't networks of trust work just as well?
Rather than centralising hash power in the hands of a few "individuals" it builds consensus by distributing that influence over an entire network as nodes are connected with each other only if they build "trust". Each node is independent, uniquely identified and assigned a Blockchain. This way, transparency, independence, and security is achieved. It's a neat little algorithm. It prevents all the fat cats from running away with all the honey ^_^
Take a look into it. I' m not the technical networking master I have a team for that - and today I'm more a thread one, BUT
when it comes to my biz, is so important that my project is not affected by the growing amount of work, the system just expands everywhere.
difference between Pos/PoW - Obelisk here>skycoin.net
Only that they are meeting the hungry bear (the bill) and take most of their honey. The point is to be transparent. in this case you proposing, trust is given by the community. Let's say for example, if there are bad nodes for whatever reason, it leaves public tracks and the network reacts to that. How? The community will be able to change the point of trust inside the network when it feels there hotspot. How? I don't know, never tried it.
What's the point of it? Decentralization. Honey for everybody.
you remind me of an article I read in 2017 about btc & bottleneck, high transaction fees, too much time lost in waiting for the transactions to get in the block
Thank you for this explanation. It's very helpful.
What strikes me in this alt-coin discussion that its often so much technical discussions. As a simple economist I'm more interested in the business model behind it and the value creation of the coins.
this is fucking retarded and a non-issue. just increase the blocksize. this is a completely manufactured problem that only exists in peoples minds, only because kikestream wants to make money off of sidechains
can you explain me how can you increase a blocksize when you don't have a limit and while you are doing it the number of users is growing as well?
raising the blocksize to fit more transactions will affect the everything. the data that a node will need to store will grow larger and kicking people off the network is not in the plan, but it will happen.
Imagine a big fat block, who can run that?
increasing block size and thus increasing the resource requirements to mine so that datacenters do most of it is not a problem when you have hundreds and hundreds and hundreds of such datacenters. i mean damn, btc only has 1mb blocksize yet 99% of the mining happens in the very same datacenters
The problem is that this sounds nice but I don't understand how it actually works. Suppose we three are nodes, how are we connected, how do I reach consensus when
A says that he sends me 4 sky.
B says that A does not send me 4 SKY.
C is undecided.
Etc.
the blocksize itself is not just a problem, it becomes a problem when the legacy blockchain that needs to be stored becomes huge, I think
there is sharding and all kinds of other technologies you can reduce the blockchain size that a miner would need to hold. in either case harddrive space is cheap and getting cheaper all the time
Trust is built by subscription to a certain node. The more subscribers it has the more trust it has. So the community decides who is to be trusted more. In your example: If a has more subscribers than the others it will be the one that will have the hardest word to say.
now they all experiment, btc, eth, nex, sky… it’s a matter of time and patiency, many btc and eth users might turn as you did OP. I am wondering why they didn’t think this through from the start. they must have not believe in their own project. the new generation projects are more visionary and they will gain field, no doubt. especially those with a full package like sky
not sustainable. datacenters are drawing high amounts of power aaaand the maintenance is too expensive.
>DURRR TOO MUCH POWER REQUIREMENT
you're fucking retarded if you bought this commie talking point
zilliqa already solved this issue, hold and wait for people to realize this.