Ethereum Sharded Fork, Sharded Transaction Limits

ALEX765

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https://cryptassist.io/

Quote from: vintagetrex on January 14, 2018, 09:57:21 PM

They aren't scamming and they typically don't put Vlad's work in, but I think this is an important solution to transaction limits, a huge focus in blockchain. For example, a credit card company can process a huge number of transactions but with limited decentralization.

Ethereum will surpass bitcoin if they can successfully implement "sharded forks" to increase maximum transaction volume.

Ethereum develops and its capitalization is growing steadily,slowly moves to the first place

vintagetrex

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Activity: 490

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Bitcoin cannot handle "spam transactions" properly and doesn't appear to have the ability to update to a blockchain protocol that would allow them to do so. Unless I am mistaken and they have done so already? Can someone cross check this please?

Think of "sharded forks" not as a new chain but as a less trusted block. Once a "shard" gains a certain amount of transaction volume, it should be verified by the unsharded chain.

vintagetrex

sr. member

Activity: 490

Merit: 250

They aren't scamming and they typically don't put Vlad's work in, but I think this is an important solution to transaction limits, a huge focus in blockchain. For example, a credit card company can process a huge number of transactions but with limited decentralization.

Ethereum will surpass bitcoin if they can successfully implement "sharded forks" to increase maximum transaction volume.

vintagetrex

sr. member

Activity: 490

Merit: 250

ya sharding would work unless someone placed a huge bet on a sharded chain in which case it could be stolen. it's just a subnet for processing transactions. That's why I recommend above, a limited transaction size for each sharded fork.

It's not a way to hard fork a chain. It's a way to process more transactions by creating a number of smaller networks. By splitting the transactions to subnets, "sharding" allows the system of networks to handle "spam" transactions aka micro payments.

bbc.reporter

legendary

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For people like us who do not understand anything, it is very easy to believe whatever those developers say even if they are really scamming us.

Will sharding really work? I would like someone from the bitcoin development team or someone from the Monero development team to make a comment on that.

vintagetrex

sr. member

Activity: 490

Merit: 250

can someone please send to the ethereum devs, vlad, or vitalik

vintagetrex

sr. member

Activity: 490

Merit: 250

On the proposed "Sharded Transaction Limit"

The sharded fork is a good idea for improving a blockchain system's N traction limits, where N is the amount of transactions but could benefit from having a sharded transaction size limit for each sharded fork. By setting a maximum transaction amount per sharded for S_i^Namount <= amount_{max i} where i is each sharded fork.

This allows for scaling the security of transactions in terms of nodes verifying each transaction for the amount of coins transacted per block.

An example:

Shard 1 can verify amounts up to 100 coins per block and has x proving nodes

Shard 2 can verify amounts up to 200 coins per block and has 2x proving nodes

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Shard N can verify amounts up to N*100 coints per block and has Nx proving nodes

Topic: Ethereum Sharded Fork, Sharded Transaction Limits (Read 118 times)