So, how bad are the issues with the Ethereum blockchain

Haladay

sr. member

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Quote from: NorrisK on June 21, 2017, 03:43:30 PM

It's finally becoming clear that ether was never designed as a currency and that it is way overvalued because of that now.

The network was not designed to handle so many transactions, but rather tlfor the dapps.

I was exactly tried the say the same thing above. After then, there is reasonable thing to compare ether with bitcoin. They are different things in function.

NorrisK

legendary

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It's finally becoming clear that ether was never designed as a currency and that it is way overvalued because of that now.

The network was not designed to handle so many transactions, but rather tlfor the dapps.

benthach

legendary

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This pyramid scam eth is done.

Haladay

sr. member

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Everyone was blaming bitcoin blockchain and saying it's very slow and problematic. Let's now see the Ethereum blockchain which fails every time when a big ICO is collecting money from its participants. Will this ethereum bypass bitcoin? That's funny. Grin

oddwh

hero member

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Quote from: ?? on ??

so, what will happen with vanished transactions?
I have one, it was in pending for 2 minutes on etherscan.io and then just vanished
Anyone please help

When I participed to Bancor ICO, I did a lot of transactions as they were vanishing. And my transactions just reappared a few minutes later, for some of them. It will depend of your luck, one will may be validated, but that's not sure. I've seen some others people who had no validated transactions at the end.

Melfear

newbie

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I think we just have to wait and see

martismartis

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And here is how Ardor solves scalability and blockchain bloat problem, which Nxt cannot solve now: https://www.jelurida.com/ardor-nxt-feature-comparison

Full story on Ardor design is at https://www.jelurida.com/ardor-blockchain-platform-design

flyer88

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Quote from: psychosis7 on June 21, 2017, 01:50:55 PM

Have any of those networks had a stress test? Ardor, Nem or Pascal? I don't think I seen any testing done on these coins. Bitshares however has tested their max TPS and you can see the test running live. Although, BTS doesn't do smart contracts. So there is that...

I think the DPOS coins will do well with scaling, Lisk and Ark are two that I know of. I'm sure there are others out there as well.

Maybe its time for Ethereum to go DPOS until they figure out something better.

Nxt did. Ardor is based on Nxt, so it should be in the same range.

Quote

[...]
Conclusion
Being able to scale to 100 TPS is a great achievement for Nxt, however we are not stopping here. For Ardor, we are planning to invest a lot of resources into load testing and scalability to make it an even more scalable blockchain solution.

https://www.jelurida.com/nxt-loadtest-results

oddwh

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Quote from: DrkLvr_ on June 21, 2017, 01:32:38 PM

There have already been spam attacks much bigger than the ICO that brought ETH down to its knees aimed at BTC. Nothing happened and exchanges never had to suspend deposits.

That's the difference between BTC and shitty platforms that claim to be better.

Ok, that's what I was a bit thinking, thank you.

ETH is young, it has to learn from its fails.

psychosis7

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severe mental disorder

Quote from: dissident on June 21, 2017, 06:56:18 AM

NEM is much more scalable than ETH, maybe it will finally come out to shine, though Ardor is the chief competition for ETH being that people are already issuing tokens on that platform. All the NXT based solutions seem to be fairly robust, like NEM. Then there's the blockchain trimming technology in Pascal which seems to be getting little attention.

Blockchain trimming (Pascal Coin) and child chains (Ardor) seem to be the main competition when it comes to scalability, and NEM with Mijin whenever that gets rolling. Ardor, NEM, and Pascal were all written from scratch.

Having ETH pop presents it's own problems though from a technical standpoint. Hopefully the market can work through them as it's in all our best interests to not have the.. cough.. bubble pop here.. cough.

Disclosure: Long all 3 of these. Also Ark who the poster below me seems to own.

Have any of those networks had a stress test? Ardor, Nem or Pascal? I don't think I seen any testing done on these coins. Bitshares however has tested their max TPS and you can see the test running live. Although, BTS doesn't do smart contracts. So there is that...

I think the DPOS coins will do well with scaling, Lisk and Ark are two that I know of. I'm sure there are others out there as well.

Maybe its time for Ethereum to go DPOS until they figure out something better.

DrkLvr_

hero member

Activity: 724

Merit: 500

There have already been spam attacks much bigger than the ICO that brought ETH down to its knees aimed at BTC. Nothing happened and exchanges never had to suspend deposits.

That's the difference between BTC and shitty platforms that claim to be better.

oddwh

hero member

Activity: 854

Merit: 1002

I would be interested to know if we all do the same amount of transaction in the BTC blockchain than we had on status ico (or bancor ico) in the ETH blockchain, what would happen.

Which blockchain can afford the most important amount of tx per second ?

BTW I just realised I don't really know the ETH blockchain Grin

Does every token transaction are stored on ETH blockchain like an ETH transaction ?

If yes, that would mean we will have more and more this kind of situation in the near future...

Alttrader203

newbie

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How is a supercomputer or derivatives exchange or betting app or blahblah even gonna run on ethereum if a ico with 10000 transactions cannot run on it?

DrkLvr_

hero member

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Merit: 500

Quote from: theteknolojist on June 21, 2017, 01:07:05 PM

Is network still clogged? I want to send my SONM tokens in my MeW but I just can't!

That's because Ethereum is weak shit and can't even process as many transactions as BTC Grin

Imagine when ETH is as old as BTC? It will have stopped working entirely long before that. Lots of idiots put their trust in a shit platform like Ethereum and started foaming at the mouth with marketing propaganda like Flippening. They're gonna get REKT.

theteknolojist

newbie

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Is network still clogged? I want to send my SONM tokens in my MeW but I just can't!

hh_relic

newbie

Activity: 39

Merit: 0

i withdarwal 5.6 ETH from poloneix today ,but its txid is gone ... wait more 6hours

lodasama

member

Activity: 84

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did Vitalik say something about this network issue ,and what's his plan to slove

adhitthana

legendary

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Poloniex seems to have problems now. I deposited a large amount of Ether (so I could sell them of course) and the transaction has gone through the blockchain but did not appear in Poloniex. It seems to have just vanished.

grapevin

full member

Activity: 232

Merit: 100

I collect coins and tokens. HODL!

Well I just dumped all my ETH.
Got spooked by all this nonsense.
When I logged into MEW yesterday and saw the warning at the top, "if you don't have to send today wait 'till tomorrow", I was done.
I will not be touching ETH again.
Something off about the whole thing. Personally I didn't like using it.
I could be wrong, we shall see, but I feel better now that I've dumped it.

Melfear

newbie

Activity: 4

Merit: 0

I'm wandering what will happens with our pending transactions that are not even showing as pending. I try to get in Status ICO and the trasaction don't appears anywhere except inside my wallet. Same with my withdraw at HitBTC.

Anyone know what will happen?

Topic: So, how bad are the issues with the Ethereum blockchain (Read 2605 times)