I think that's implied in almost every project. You'd naturally need a scalable blockchain to cater to your users' needs. So more users = more scalability. Solana, Harmony etc end goal (even Ethereum) must include this in one way or another, and there's no need to explicitly state it.
From my knowledge a new altcoin would not have unlimited stability until it has reached a steady user base which then it could develop on its stability because as you say you need scalability only for what your users need and with that being low at first it is not a consideration for the short term. 
Topic: Unlimited scalability? (Read 236 times)
I think the trade off for decentralized secure network is the limited scalability. The solution will be there when we have great number of projects that are fully decentralized, catering for every conceivable human interaction from economics to e-commerce, real-estate etc. Users will have options on what coin to interact with for different purposes and Cryptocurrency can be said to have reached length and breath of the society.
According to Vitalik Buterin, there are three main features: scalability, decentralisation and security, and all projects can have only two of them. And for sure, we have a scalable Binance Smart chain, Polygon, Solana but all of them are centralised.
But maybe Ethereum 2.0. will do something with it. As it promises to become more scalable, on the other hand a big part of validators are centralised exchanges like Kraken, so can we talk about decentralisation then?
But maybe Ethereum 2.0. will do something with it. As it promises to become more scalable, on the other hand a big part of validators are centralised exchanges like Kraken, so can we talk about decentralisation then?
Exactly. There needs to be a balance between decentralization and scalability for a cryptocurrency project to stand the test of time. Otherwise, it'll become a centralized "banking system" subject to manipulation, fraud, and corruption. Cryptocurrencies like XRP and Stellar are highly scalable "blockchains" but they're utterly centralized (especially XRP). Most people don't care about decentralization these days, so they'll use these kind of cryptocurrencies even if they experience huge losses in the long run. Convenience/ease-of-use goes on top of everything else these days. As long as people don't care about decentralization, centralized projects will only become bigger over time.
I believe "unlimited scalability" is possible considering how Blockchain tech is capable of processing thousands of TPS. But a cryptocurrency with such model will have to sacrifice decentralization/security/reliability in exchange for high performance & low costs. I'm fine with Bitcoin and Ethereum having their limitations as long as they remain decentralized and censorship-resistant. Just my opinion
According to Vitalik Buterin, there are three main features: scalability, decentralisation and security, and all projects can have only two of them. And for sure, we have a scalable Binance Smart chain, Polygon, Solana but all of them are centralised.
But maybe Ethereum 2.0. will do something with it. As it promises to become more scalable, on the other hand a big part of validators are centralised exchanges like Kraken, so can we talk about decentralisation then?
But maybe Ethereum 2.0. will do something with it. As it promises to become more scalable, on the other hand a big part of validators are centralised exchanges like Kraken, so can we talk about decentralisation then?
Maybe it's just me but I find it ironic to call it a "block"chain with unlimited scalability. I mean transactions are added into a block until it "forms" a chain so there's always a limit somewhere even if we say it has an extremely high TPS. It has to be a different technology and someone should create a new name for it
I think a "Blockchain" with unlimited scalability wouldn't be called a "Blockchain". It would be more of a centralized database that's subject to manipulation by the issuing authority. Technologies have their limitations, so achieving unlimited scalability may only be a dream than anything else. If I'm not mistaken, Bitcoin SV is a blockchain network with an "unbounded" block size capacity. This should enable the cryptocurrency to process millions of transactions per second without limitations. The biggest downside of having a limitless blockchain network is increased centralization. You'd get fast and low-cost transactions at a cost of reduced security and reliability. There's virtually no difference between traditional payment processors and Bitcoin SV itself. It's like "Banking 2.0".
I'd prefer a decentralized blockchain network like Bitcoin even if it's utterly slow and expensive to use. But in a world where most people don't care about decentralization, centralized counterparts will continue to grow like there's no tomorrow. I believe that with or without unlimited scalability, crypto/Blockchain tech will be here to stay for a long, long time. Just my opinion
The hardest of creating a decentralized project is scalability. Most projects either can’t scale or when they do scale the prices become way to high for the average user and thus the project is useless. NEAR is one project that scales effectively. It’s ready for mass adoption and can be used for so many different things including Web 3.0, bridging, DOAS, a guild system that allows entrepreneurs and developers to get the funding needed to build projects and more. As more people use the network prices will go up a fraction of a percent, but it’ll still be so cheap that the user will barely be able to tell the difference. NEAR is also not just some bs project, it’s backed by real VC’s including Pantera Capital and Coinbase. It’s dev team is also world class and come from huge companies including Facebook and google. NEAR is legit and for me the best project when it comes to scalability. I always recommend doing your own research, so look into the project yourself and see whether you agree with me.
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
NEAR protocol already solved the issue of unlimited scalability with horizontal sharding. It can do infinite TPS with two second finality. How does it do it? Each shard has its own validators. Instead of gas fees increasing when transaction volume goes up, another shard with new validators is opened. Each shard can do 2000 plus TPS so the blockchain goes as fast as it needs to go and the gas fees remain low. Each shard has 100 validators, which is twice as much as most other POS chains. Unlike all other sharded chains, there is no beacon chain to slow things down, every shard is independent. Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
If you heard elrond network, You will saw that you wanna see. Its more on scalability, fast transaction and scarce. That's their promise and it seems already live., They are still underrated crypto with 1B$ marketcap for me. The adoption is coming! So take a look and do not forget this crypto.Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
There is no adoption to Elrond. Every cryptocurrency has limitations for its TPS, there may have some that claim to have thousands per sec but there is less adoption.
Less adoption to most cryptocurrencies except Bitcoin which they do have Lightning for the purpose of faster transactions. I think it's already enough if every city or village will create its own lightning channel.
such a characteristic cryptocurrency "decentralization" then it seems to make unlimited scalability it will never happen, unless it is the presence of a cryptocurrency designed with such a concept, of course this will damage the characteristic of crypto, then it will be centralized.
We never reach such a point because in most cases new projects almost emerge every month and most of the time people will quickly change their minds once they see some good opportunity in the new one. they will leave the current project and sold all their coins to invest in the new one and there will be no stop for that to happen again in the future, it keeps rolling over and over again. That's why we don't really need such kinds of platforms since everyone changes their plan as soon as they think the new one will give them a higher chance of opportunities.
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
If you heard elrond network, You will saw that you wanna see. Its more on scalability, fast transaction and scarce. That's their promise and it seems already live., They are still underrated crypto with 1B$ marketcap for me. The adoption is coming! So take a look and do not forget this crypto. Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Unlimited scalability in a decentralized network will never exist. but to scale to billions of people around the world, it's still possible. we just need to increase the capacity of the block until we can reach it all. although this is a temporary solution, but we will not sacrifice decentralization to address scalability in the crypto space.
You have to choose whether you want to stay decentralized or find scaling issues. these two things are hard to put together. because only a centralized platform can Unlimited scalability. the only possibility is to increase the block capacity to cope with the TPS spike. and otherwise it will just be a centralized platform.
NEAR protocol has unlimited scalability and decentralization with horizontal sharding. It's capable of infinite TPS with 2 second finality.
There is the need for scalability but I guess there are 2nd or 3rd layers to be used for it to be accomplished which really will compromise the decentralization. But there may not also be the need for that when there is no global adoption for BTC. Or probably other countries will be using other blockchain and the only we need is the crosschain. Some countries will use their own CBDC anyway which is likely going to be faster than ever.
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
My idea can
Check: https://bitcointalksearch.org/topic/my-perfect-crypto-money-5350644
Unlimited scalability is currently impossible. If a large part of a token has been converted into other assets on the chain, and large transactions are carried out, 79% of consensus nodes, as well as all major blockchain networks and wallets, follow this chain. Maybe there will be a new developer foundation and some developers will provide funds, or it will be swallowed by exchanges. The power that can resist this kind of attack comes from a centralized group.
For traditional centralized systems, expansion can be achieved by adding more servers. But in decentralization, there will be a trade-off between decentralization, security and high efficiency. To significantly improve scalability, security and decentralization must be discarded, and the block structure and block generation time design must be reconstructed and optimized.
For traditional centralized systems, expansion can be achieved by adding more servers. But in decentralization, there will be a trade-off between decentralization, security and high efficiency. To significantly improve scalability, security and decentralization must be discarded, and the block structure and block generation time design must be reconstructed and optimized.
One of the biggest challenges facing scalability is that it is difficult to reach a consensus on how to solve scalability. BTC is the main cryptocurrency in the world, and it has been going this way,
Although some people who advocate cryptocurrency hope to solve this problem by increasing the block size limit (increasing the scalability of the chain), others believe that exponentially expanding the size off-chain is a better way. This has led to some innovations, such as the Lightning Network, which is an additional layer designed to provide faster payment speeds and lower fees. At least in the case of BTC, this seems to be the way forward.
Although some people who advocate cryptocurrency hope to solve this problem by increasing the block size limit (increasing the scalability of the chain), others believe that exponentially expanding the size off-chain is a better way. This has led to some innovations, such as the Lightning Network, which is an additional layer designed to provide faster payment speeds and lower fees. At least in the case of BTC, this seems to be the way forward.
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
unlimited scaling and still decentralization is impossible. only a centralized system can do all that. but if the question is changed, will a decentralized platform be able to scale to billions of people around the world?. I'm sure it can. there are many ways to do it all. either increase the capacity of the block until it can do that, or use a layer2 network. so that transactions can be processed faster without adding too large a block capacity.
such a characteristic cryptocurrency "decentralization" then it seems to make unlimited scalability it will never happen, unless it is the presence of a cryptocurrency designed with such a concept, of course this will damage the characteristic of crypto, then it will be centralized.
Maybe it's just me but I find it ironic to call it a "block"chain with unlimited scalability. I mean transactions are added into a block until it "forms" a chain so there's always a limit somewhere even if we say it has an extremely high TPS. It has to be a different technology and someone should create a new name for it
it's still impossible to happen. Remember that the connection between node to another node will need the time coz if that's public blockchain and you can sure that if any node has different network latency and tx throughput. In my opinion if unlimited scalability is still far to be implemented or even that's still an imagination. especially when it comes to the public blockchain
I think that's implied in almost every project. You'd naturally need a scalable blockchain to cater to your users' needs. So more users = more scalability. Solana, Harmony etc end goal (even Ethereum) must include this in one way or another, and there's no need to explicitly state it.
Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time.
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today.
What are your thoughts?
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