Scalability Solution | Bitcointalksearch.org

moonie

jr. member

Activity: 34

Merit: 13

Quote from: Benedictare on February 11, 2024, 05:22:44 PM

The solution to scalability.
* In increasing the block size limit and enhance transaction strength using SegWit aids in solving scalability .
When you perfect the use of blockspace SegWit reduces Bitcoin fees and the general transaction speed and the network can makes series of transaction without increasing it's growth of network,it also helps in transaction signature and transaction data separation that is allowing the creation of more space within each block.
SegWit lmproves security and the state of being trusted of Blockchain technology and increase the strength of transaction .

*. Lightning Network gives the liberty to make off-chain transaction quick and low cost, bringing congestion very low and making scalability high.
Also using Bitcoin side chain can make a way to improve scalability making transfer of asset within various chains, it also make better transaction verification .

These band-aid solutions obviously do not address the root problem; a short look at Bitcoin's mempool today shows that a basic transaction costs $11 for next-block confirmation. And the backlog will only get worse as the difficulty increases in a couple days. We're currently sitting on roughly 1GB of unconfirmed transactions.

Source: mempool.space

Benedictare

member

Activity: 238

Merit: 59

The solution to scalability.
* In increasing the block size limit and enhance transaction strength using SegWit aids in solving scalability .
When you perfect the use of blockspace SegWit reduces Bitcoin fees and the general transaction speed and the network can makes series of transaction without increasing it's growth of network,it also helps in transaction signature and transaction data separation that is allowing the creation of more space within each block.
SegWit lmproves security and the state of being trusted of Blockchain technology and increase the strength of transaction .

*. Lightning Network gives the liberty to make off-chain transaction quick and low cost, bringing congestion very low and making scalability high.
Also using Bitcoin side chain can make a way to improve scalability making transfer of asset within various chains, it also make better transaction verification .

moonie

jr. member

Activity: 34

Merit: 13

Quote from: Solosanz on January 27, 2024, 10:49:55 PM

The real scalability solution isn't creating a new side chain or using the other chain and re-brand it with new names.

But the real solution is how you can convince people to use the chain as there are a lot L2 and side chains out there e.g. Lightning network, Liquid network, Rootstock, Omni layer etc. Until now, only small circle is using Lightning network, while the rest, almost no one use it.

Roger that. It's important to understand, however, that Crystal is a new type of Blockchain, or L1. It's helpful to think of Crystal's shards as sub-chains, since they're included in global consensus, unlike side-chains. As for convincing, I generally don't have time for that. People are just naturally drawn to the chain with the greatest reach, and lowest usage fees.

The Lightning network, as an L2, still requires an on-chain transaction to initiate a channel, thus the scalability (and cost) hurdles remain. So it's no surprise to me that L2 adoption has been slow, to be honest.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: Solosanz on January 27, 2024, 10:49:55 PM

The real scalability solution isn't creating a new side chain or using the other chain and re-brand it with new names.

But the real solution is how you can convince people to use the chain as there are a lot L2 and side chains out there e.g. Lightning network, Liquid network, Rootstock, Omni layer etc. Until now, only small circle is using Lightning network, while the rest, almost no one use it.

the first solution to the convincer conundrum, is have these subnetworks actually do as promised. but even before doing as promised they need to function securely where there is no scheme, scam, or bug that can lose people their value.. in short needs to be secure and satisfy a need.
which the current generation of subnetworks do not achieve.

bitcoin will eventually have some subnetworks that populate due to having niche utilities that fit peoples needs. but that will be some next-gen subnetworks. where devs learn from the mistakes of the current gen subnetworks

currently devs are too busy just trying to do work-arounds and then adding in features they think people want to hope it grabs peoples attention to move over to their subnetwork. but they still are not fixing the underlying flaws, so eventually even if feature rich, users will still want to wait for new next gen subnetworks that actually do as promised securely without middlemen/bottlenecks/bugs/flaws/annoyances

side note. OP's altcoin promotion(whitepaper) is just a jumble of different existing altcoin models that use sidechains/subnetworks, (multiple mixing of different buzzwords) but doesnt actually solve the bugs/flaws/annoyances experienced by current gen networks that use subnetworks

Solosanz

hero member

Activity: 952

Merit: 662

The real scalability solution isn't creating a new side chain or using the other chain and re-brand it with new names.

But the real solution is how you can convince people to use the chain as there are a lot L2 and side chains out there e.g. Lightning network, Liquid network, Rootstock, Omni layer etc. Until now, only small circle is using Lightning network, while the rest, almost no one use it.

franky1

legendary

Activity: 4424

Merit: 4794

not a bitcoin solution, but instead just a whitepaper for a different network entirely(a pre-amble to an altcoin basically)

basic explainer without wooden tree buzzwords
a network based on a master chain that just PoW secures fund transfers of a group of "leaders" reserves periodically.
which then peg out masterchain confirmed value to the leader(s) controlled/managed sidechain(s)

where users operate and transact on the sidechain(s) and use the leaders reserves to cross over funds to the other sidechain via the leaders master reserves, should the recipient be on a different side chain

thus a user only has to interact, store, validate, participate in one sidechain for their own value security thus not having to store all data of the entire network
..
not a new concept. just new buzzwords based on tree's instead of other previous altcoin that used crystals or glass analogies
(branches instead of shards)

moonie

jr. member

Activity: 34

Merit: 13

*PLEASE NOTE* This is not an alt coin promotion (or announcement). The presented solution operates within Bitcoin's existing security model, and I was requesting feedback from the Bitcoin community at large. Not really sure why it was moved here.
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Hi there.

I've been an avid bitcoin-er for some time now, and found myself quite passionate regarding the potential of blockchain technology to benefit society as a whole. In light of some of the challenges Bitcoin has faced, I've spent the past few years working on a secure path to broader scalability. Today I released a whitepaper detailing a novel approach. It can be found at https://xtal.network/wp-content/uploads/2024/01/Crystal-Whitepaper-3.pdf

Here is the abstract for reference:

Abstract

Blockchains hold great potential for connecting society, but struggle
to overcome the challenges of their ever-growing use. We propose an
enhanced design to address the present scalability hurdles. Leveraging
the fairness of fruit-chains, Crystal applies a high-performance block-type
coined ‘stems’ to harness real-time blockchain consensus. We conclude
with qualitative analysis showcasing optimal responsiveness and resilience
for the crystal blockchain protocol.

Any feedback on our paper is greatly appreciated.

Topic: Scalability Solution (Read 155 times)