New Project; Distributed Hierarichical Blockchain

fbueller

sr. member

Activity: 412

Merit: 266

Quote from: bonker on March 27, 2016, 12:38:41 AM

Quote from: KenR on March 26, 2016, 02:47:38 PM

We're at this point,bitcoin is being labelled as a known Ponzi. Implementing the blokchain in a hierarchical format will surely make the suspicion come true .The model you proposed doesn't look distributed but more centralized.A node will have basically two more child nodes with more leaf nods.The parent node shall have a Root Node.Seems like a Pyramid scheme to me.

I've read better critiques on the back of cornflake boxes. Nga you cray

However, you are probably right about the name though... the name of the project shall now be: Distributed Blockchain Hierarchy Project

You haven't made a technical description of your project. Why does the name matter yet?

bonker

hero member

Activity: 784

Merit: 502

Quote from: KenR on March 26, 2016, 02:47:38 PM

We're at this point,bitcoin is being labelled as a known Ponzi. Implementing the blokchain in a hierarchical format will surely make the suspicion come true .The model you proposed doesn't look distributed but more centralized.A node will have basically two more child nodes with more leaf nods.The parent node shall have a Root Node.Seems like a Pyramid scheme to me.

I've read better critiques on the back of cornflake boxes. Nga you cray

However, you are probably right about the name though... the name of the project shall now be: Distributed Blockchain Hierarchy Project

KenR

hero member

Activity: 910

Merit: 1000

「きみはこれ&#

We're at this point,bitcoin is being labelled as a known Ponzi. Implementing the blokchain in a hierarchical format will surely make the suspicion come true .The model you proposed doesn't look distributed but more centralized.A node will have basically two more child nodes with more leaf nods.The parent node shall have a Root Node.Seems like a Pyramid scheme to me.

fbueller

sr. member

Activity: 412

Merit: 266

You're not the first to propose this - no one's pulled it off however. Care to describe your idea more?

bonker

hero member

Activity: 784

Merit: 502

Dear Friends,

Following some considerable analysis, we have concluded that the monolitihic structure of the Blockchain is preventing it from scaling efficiently. This results in confirmation slowness, storage inefficency and mining centralisation

We are proposing a new hierarchically distributed blockchain structure to address this situation. We are calling it Project Blockchain-Pyramid

Briefly outlined:

1 The monolithic blockchain is re-expressed as a set of blockchain nodes each distributed to a partition of the total mining pool
2) Indexes exists with blockchain node to represent a connected hierarchy of nodes
3) New blockchain nodes are created dynamically as the total sum of transcations grows
4) As a result the size of each node grows at ln(n) rather than n

The result of this is that small miners will once again be able to participate, transactions will be faster and storage of the blockchain will be less of a problem

Anyone wishing to participate in Blockchain-Pyramid type content below vvvv

Topic: New Project; Distributed Hierarichical Blockchain (Read 1119 times)