Topic: Infinite scalability? (Read 191 times)

Nice. Usually, DAG-based cryptocurrencies have the capacity required to handle a large mass of transactions per second. This is probably because, they don't rely on either PoW or PoS for consensus. This new Helios Protocol implements Sharding and other technologies which aim to boost scalability at a greater rate than other crypto projects. If the project delivers as promised, then we might be seeing Infinite Scalability become a reality these days.

Of course, this would bring centralization issues, but for mainstream businesses and corporations, it's ideal. Another DAG-based cryptocurrency that aims to be infinitely scalable is Hedera Hashgraph. It's so similar to other alternatives such as Nano and IOTA. Things aside, with all the available technologies and recent innovations, it's hoped that Blockchain would go to the next level. Hence, Infinite scalability will be possible one way or the other. Just my thoughts

I haven't made much research about this coin but since this coin don't have much attention, then I believe it is because it has an issue that haven't been solved, we can't have a fully decentralized coin that have solved the issue of scalability and we haven't heard of it until yet.

I will make my research about the coin to see if it's really true and if so i might talk to the team to volunteer in my helping them in promotion.

I feel the Helios Protocol has definitely taken a new approach to infinite scalability. They have combined sharding, DAG, parallel blockchains, and a new magnetic PoS concensus mechanism. The approach of parallel chains could theoretically support 225M tx/sec, if the network were the size of Bitcoin and the hardware could keep up. But it is able to scale with technology. Their testnet has already shown 50k tx to be possible. The mainnet launches in Q1 I believe. This dApp and contract platform is made of next level technology and strives for decentralization. Check my sig for more information.

Yes. I'm aware of that. Most highly scalable cryptocurrencies have a high level of centralization within them. Even if they're disguised as decentralized coins to the public (like Ripple/XRP does), they're theoretically centralized by design. With all the available technologies today, it's possible to achieve infinite scalability. Nano and IOTA can do this, despite being more centralized than leading cryptocurrencies.

However, one cryptocurrency which seems to retain decentralization while providing infinite scalability is Pascalcoin. This one has been under the radar though, from many investors and crypto traders alike. By using the "Safe Box" concept, Pascalcoin is able to achieve limitless scalability by simply purging most blockchain data while retaining the most important things (which are the balances of each users' accounts). It's an interesting and unique approach, but not proven yet to be exactly as claimed.

Nonetheless, it would be amazing to achieve infinite scalability without sacrificing decentralization. Of course, it's nearly impossible to achieve this, as one needs to have a balance between convenience and security/decentralization. Sometimes, there are highly scalable cryptocurrencies that are convenient, but they lack decentralization. The same thing happens vice versa where there are cryptocurrencies like Bitcoin, which are highly secure and decentralized, but are extremely inefficient. Just my thoughts

Was that scalability related to the volume of it in the market? Just like what ethereum has? Even though it is decentralized, it still have an infinite volume in the market which is good.

If this is possible, then such coin will have to be a centralized coin, because from all indications, a coin with a decentralized platform cannot have an infinite scalability.
Come to think of it, most coins that are highly scalable are centralized, let alone infinite scalability.
Well, it might be a breakthrough, because there has  not been any of such nature.

There's a cryptocurrency on the market known as Pascalcoin which seems to be unnoticed by many. It's one of the first (if not the only) cryptocurrencies to provide a unique approach to scalability via the use of a Safe Box. This allows the blockchain to purge transaction data while saving the balances of each users' accounts within the Safe Box. Such model if practical, would allow infinite scalability to become a reality.

Other consensus algorithms (like the Ripple Consensus Ledger) can achieve limitless scalability if put up to the test. In my opinion, this is a breakthrough that will completely revolutionize Blockchain technology effectively taking down centralized payment processors (like PayPal) for good. Transaction fees will remain ridiculously low, while transaction speeds will remain the same forever.

Nonetheless, what are your thoughts about this? Is Infinite scalability theoretically possible?