Topic: which type of blockchain you think will solve scalability, - page 2. (Read 548 times)

davis you try to sound smart but you dont even aware what you say really, hell what is going in this place on reddit you was slammed fast by tons of comments and i already answer this million times which mean you even didnt read my answers before you just seat there and answer whatever inside your mind which really show you even dont know what you ask....

max bitcoin tps is 10 per second so dont post me 7 per second and feel smart its show you far away from be smart because whether it 7 or 10 -16 or 6 its the same level, you say 7 like you are the smart one know excatly how much tps which is 7 and in fact is wrong is 10 tps per second.

Lightning Network? cannot solve this and not others did you read my other answers, that what is fucking wrong with your mind, before you answer read see and look , hell people like you scare me sometime even to answer them is shit.

if Lightning Network and other solve the problems so why experts still try to solve this and other shit,,,Lightning Network dosent help do research is all on the web.

this is the most complete crap shit i ever heard from you : For me,scalability isn't such a big deal.Decentralization and security are more important that the transaction speed or volume.

do you fucking crazy when you scale any system in any vertical you scale it with security its parallel to each other because you cannot scale any system whether its centralized or decentralized without security....do you hear what you say...

its like building huge building comapre to small block and say to me small block is more important because of security but faggot when building huge building there is different security, whether its on centralized or decentralized tech....

you even dont aware what you say by this, scalibility and security developed parallel to each other wgether its on decntralized or centralized system.

Transactions are an innate problem of Blockchain. A big downside, so to speak. The more transactions there are, the more time and money is needed for them to be confirmed. And I think your Visa info is wrong. From what I see it's around 1.7k transactions per second, not 45k. But let's return to cryptos. The only thing you can do with blockchain is trying to increase the number of transactions a coin would be able to process in advance. But the main problem with more transactions requiring more time and money will always remain. DAG, on the other hand, is designed in the opposite way, with confirmation stuff being tough at first, but getting better as more transactions occur. I believe this article and an image in it is useful to understand it: https://steemit.com/cryptocurrency/@steemhoops99/transaction-speed-bitcoin-visa-iota-paypal/

Bitcoin can hold 7 transactions per second,but what about the offchain/sidechain solutions that are built over the bitcoin blockchain,like Lightning Network?
For me,scalability isn't such a big deal.Decentralization and security are more important that the transaction speed or volume.

you fucking crazy mate and i dont fucking kidding as satoshi team talked about the problem of scaling...where you was??? they said that people ned to work and find and scale this somehow...

nano is joke you fucking crazy...


your post to much general and some how dont have any direction as top experts in cryptography and satoshi team talked about scaling problem.

crypto come to replace visa and paypal and banks and all this system which is more then 30 triilion dollars, how you wanna to get to this without scaleing.

staoshi team and bitcoin was the seed for all this change but we need to improve it yet somehow the great projects still hit the IRC OF mit club bitcoin by anonymouse people with creativety which try to solve this

mate you still continue to stand on your point of view which is wrong completely mate and mislead him also and he mislead others,

hey what is wrong with you top experts try to solve scaleability because without this crypto will never be main stream period.

mit experts non stop talk about this.

and how the hell did you get to facebook , i didnt talk about them because they are centralized so it dosent interest me.

i need to say this million times that you will wit 10-20 min for conformation to buy something or fuel you car and other shit,

do you fucking get what is only the cars inside usa* use cryptos to fuel/gas they cars , do you fucking get the number?  bitcoin hold max 10 tps per second ethereum littile bit more and for nano somehow scale but still far away and itoa work on dag but they didnt find away to solve the problem when there is low amount of transcation on dag system which can be attacked easy, yet dag is protected from quantum network attack somehow, no block,no miners, can be more decentralized million times then bitcoin protocol and much more.

yet the problem until you sacle with dag it can be attacked easliy which if there is idea to solve this , its the next somehow bitcoin

again for you
https://www.youtube.com/watch?v=Xoza4Fvk81M The Scalability Problem by mit...

around experts blockchain you better dont talk this shit and leave facebook eside because its centralized* edit...

and you still try to answer rather then say i was wrong, the more you answer in the wrong direction

and this kind of discussionis very healthy and very interesting for all of us and help noobs to get little bit deeper about blockchian and make our mind more sharp in this area of blockchain which is very important,

i wish more quality posts like this pop here...

stick to lectures in mit and other cool stuff from experts only its about 2-3 weeks to get idea about how protocols work and what the difference and what solve problems and what not and what we need for the future.

https://www.youtube.com/watch?v=AyOyNF-bCkA -- MIT Bitcoin Expo 2019 - 10 years of Bitcoin: Evaluating its Performance as a Monetary System


still great project need to be creative how he enter the market all the hype bullshit can hide the gem and even kill it but the tech will remain until other great people will take the same tech and bring the same coin in such angle that it will bomb all over the web.

That was a good answer DooMAD

Pingip, let's take Facebook coin for example
There are laws in the usa. Congress and trump and trying to push harder regulations on Facebook coin, just like a bank (you may have heard of that).
And they can force Facebook work just like a bank. You will be demanded kyc to transfer libra, they will ask what is your income, where did you get the money from , and will also blacklist people who are "suspicious"

In the end, Facebook will control your funds and to whom you can transact them. Just like a bank. Transactions may even be reversible (if regulation demands it).

Why didn't it happen to iota , nano , etc yet? Because those projects are a joke, and Congress and USA government etc are just laughing at them. But if they decide that those projects must demand kyc to use the network, iota / nano will be forced to comply, because they are companies. They can and will be shut down if they do not obey the law.


Now go try to shut down bitcoin

Bitcoin is valuable not because it is fast or cheap. This was not a problem when it was created (Visa already solved that), and this is not the problem it is trying to solve.
Bitcoin is trying to solve something else: Giving back power and control over their property (money) to individuals, without government inteference. Bitcoin allows you to transact with anyone you want, anywhere in the world, without asking authorization for no one.

its very true , but when you scale a system, you scale it with security in the same time other wise something wrong with mind that try to solve the problem,

the sooner this problem solved the better for all of us...

dag maybe* have a chance there was protocols like spectre from israel but still we need huge and my mean it huge improvement.

people need to learn what is ghost protocol and phantom and SPECTRE and what they try to solve compre to bitcoin blockchain protocol and how dag protocol enter here and other cool stuff,

they did great job but yet we far away from something truly scaleable and secure and decentralized ... satoshi team already was knowing there will be huge problem with scaling.

and when we talk about scaling for sure you think on the security its parallel to each other,

DAG is block-less blockchains where there are no miners or blocks. Each new transaction is validated by two previous transactions to be added to the Trustchain.

I think instead of fast transactions you should also take security into account.

You know there were some experts commenting how even if the lightning network is secure , it is still not that safe as we account it for .

Scalability will only be acceptable when it is safe and secure for the people.

I think even if the transactions take a while , if they are secure we might consider waiting.

What is a Blockchain Protocol? A blockchain protocol is a common term for consensus methods. These methods are different systems that are implemented to reach consensus and validate transactions within a blockchain network.

However, online payment solutions in general, and cryptocurrencies in particular, lack the ability to scale in volume and speed. Several blockchain-based technologies have been created to tackle the challenges posed by providing high transaction throughput while remaining inexpensive, but these have been met with little success.

blockchain-based ledgers, a number of companies have harnessed the potential of directed acyclic graphs (DAGs) to facilitate a unique way of solving the scalability challenge. While a handful of tech companies have adapted varying approaches to the DAG, each node is generally depicted as a transaction in time and must attach to prior transactions in order to be confirmed. DAGs squarely address the biggest challenge of blockchains by providing an efficient workaround to scalability limitations.

dag protocol have it own weakness and experts try to solve it, for example the less transcation on the network the easy its to attack it if you understand how the protocol work, while iota is some how centralized to solve this and when they will scale it will be more decentralized yet this problem didnt solved and other few which mean if they solved we found key to mass adaption in every corner in the world for crypto

just think only the cars inside usa fuel/gas on crypto i dont talk about other countries and stores and other verticals,

we need monster protocol to hold all this scale, the sooner the better ...

while the hype around blockchain and decentralized everything the main problem didnt solved and satoshi team talked about it and hint that scaling will be problem.

just thing all this hype around blockchain and all this coins and other shit and only experts really know what goes underground with the problem of scalability and 51% attack by quantum computer and the few giants that hold the mining of bitcoin and others...


while the hype created by shitty youtubers and people which dont know how to explain stable coin scam or what is protocol and type of data structers and other shitt...

the web is fucking dominated by scams...

and this is why top project need to be smart in marketing which mean if not the hype of bullshit and shit coins can hide the gem...

MIT lecture only have 157 views which mean why people are so fucking dumb while bullshit youtubers and others have huge amount of views and they even cannot explain what is protocol data stracture

https://www.youtube.com/watch?v=Xoza4Fvk81M edit* The Scalability Problem

0:27 listen -- some people drop a file with creativity on the irc of mit club bitcoin with broken language  and after some time mimble wimble...

people here even dont know this shit

I think in development of the blockchain, it's gonna get bigger, maybe we are not in a right period of time, but I think even 15 transactinos per second are more then enough, counting that people are using different blockchains, so I think there would be no issue with that except high transaction fee, if the blockchain are the same as bitcoin's, but it's gonna get solvled definitelly, more important question for me it's how cryptocurrency gonna be injured in to society

did you ever read books? did you ever learn something before you say load of shit which have none sense and around experts blockchain they will laugh  on you weeks if not months...

TPS its the most important metric and also satoshi team said this which school you was because you need to be fucking crazy and super dumb to say the shit you say.

mic drop here , but if your logic inside your ass then you fucked up in your entire life...

1. bitcoin can hold max 10 transcation per second and ethereum little bit more nothing fancy, you will go to store to buy something with crypto and wait 10 -20 min for conformation, dude you fucking crazy and i mean it.

do you or the store will wait 10-20 min for conformation?? read it twice

now this shit come if all the cars only in the usa will use crypto to fuel/gas they cars we need huge monster protocol which can handle huge amount of transction per second to take over visa and and other giants.

now cars its only one vertical, what with stores and other things, all this transcation happen in the same second,

ask any experts in blockchain/cryptography and satoshi team also said the problem will be scaling...

bitcoin cannot be main stream faggot , its only hold max 10 transcation per second even small super market it dosent hold the same with ethereum and bunch others.

2. now about decentralization, bitcoin miners are in the hands of few giants around the world did you know it and yes its still decentralized but no everybody have the money to buy all the equipment to mine and be profitable like giants which make it less decentralized.

which mean bitcoin will never accpeted in stores and other vertical because the conformation is to much long?? how it will go main stream??

if you cannot understand this you far away from the ball park and even dont have grasp in simple things which kids understand.

shame with people like you with huge metrit and five shitty stars which the the most basic things dont understand.

tps its the most important metric every experts blockchain know this, fuck even answer you i feel dumb

everything is nice bit i talk about types of protocols/data stracture like

dag
spectra
fenom

and other which will maybe achieve Scalability and solve this huge problem because this is what will lead to adoption in other words if you wanna see all the people in usa fuel/gas their cars with technology which can handle all this transcation per second and this is only one vertical what with stores and other verticals...

bitcoin only hold max per second 10 transaction ethreum little bit more and think when you will go to buy something in a store the business man and you will wait 10 min for conformation...

look on this project scam which say they can make 1m transaction per second while all the experts in the world of cryptography search way to get to the level of visa like 45k transcation ..

https://www.youtube.com/watch?v=36DRDd8mh0o&t=215s project scam called radix and say they work over 5 years on this , how much people going to fall this shit.

who dont understand this stuff stick to lectures on MIT.

all the other projects that say they can make huge tps per second are scammers and vitalik also said this and other experts.

dag protocol read about it , its a special data structure which can solve all this huge problem but still have few weakness which need to be SOLVED and if yes we have a KEY to make crypto main stream ...

because bitcoin not scale whatever you do and nakamoto team know this also.

projects like dagcoin(scam like onecoin) and byteball and another one are not really dag protocol , iota use it and nano somehow...

lecture about dag protocol
https://www.youtube.com/watch?v=dEViuM2WM24 -- ARE DAG BASED PROTOCOLS NOVEL


the most important metric is how much transcation per second the protocol can handle also satoshi team said this, without this crypto will never be main stream

 

You appear to be missing some of the nuance being explained to you here.  There are compromises that need to be made if you place all your focus on maximising the number of transactions per second.  Scaling carries certain costs to bear.  The first thing which some people tend to sacrifice in favour of raw speed is decentralisation.  But those of us who understand Bitcoin do not want to sacrifice decentralisation.  As bitmover said, being in control of your funds and not having barriers to transact with other users is vital.  Those are not qualities we would ever want to lose.

If you think TPS is the only important thing, that's your prerogative, but you'll find that many won't agree with that.  And because Bitcoin is consensus based, the people who value decentralisation will continue to run the code that preserves decentralisation.  If people wanted what you want, that wouldn't be the case.  This puts you in the minority, which is not generally known for being a position where you get to assert your preference on development.

The blockchain is basically a distributed data storage system, where every recorded data secured by a cryptographic key is eternal and irreplaceable, so it tries to replace data that can be detected very easily. Blockchain is not limited to crypto currency transactions only. In the future, try the Blockchain as well as supporting the following smart solutions: Next, I will review a number of types of blockchain currently being developed and functions, here are the reviews:

1. Public type blockchain
This type of blockchain model is the most commonly used today because it was developed jointly without community space (block). Initially this was the agreement of a number of users or online forums. Every user can use or change the software. However, the user will not get the loss obtained from using the software. However, the blockchain model is very useful because it is easily accessed, approved and corrected at any time.
Fundamental weaknesses are only because a public (open) system will be a problem because many irresponsible parties will attack or approve this blockchain model. How to find bugs in the attack process and be more efficient in making blocks down. Users of the smart and many blockchain can certainly ward off the way because of the nature of the blockchain that isn't centralized.

2. Blockchain the type of consortium
It is different from the public type which is done jointly by a community. The blockchain consortium model was developed independently by leading companies in the blockchain field. They have finished preparing to continue the process.

Certainly with the support of reliable technicians and experts in their fields, surely the blockchain model is the most widely developed at this time. Many companies or even startups are developing the idea of ​​a blockchain type consortium. Because it discusses potential and certainly becomes a trend in the future.

3. Private type blockchain (Closed)
Finally, the type of blockchain that is protected is closed (private), namely those that do not publish the source code to the public and are considered as intellectual rights. Because of its private nature, it means that the blockchain network used is only intended for the company. The concept of the private blockchain is very suitable for state institutions that require security and confidentiality. Only those in this environment know and this model has been widely used in various state-owned institutions. Not Closed Will Continue to Grow Better.


And in my opinion that matches the type of Blockchain the type of consortium.

for now nano is in the top as open source, segwit and lighting network dont solve the problem.

there is coin like komdo which claim to hold 20000 tps per second but i somehow dont trust them.

dag technology maybe can solve this.

 

what load of shit in your post.

transactions per second its the most important metric in this field ask any expert in blockchain, how you want to replace visa if it not scale.

this is what experts try to solve, so much bullshit in your post and sorry to say you far away from be educated in this space for sure.

if crypto wanna be main stream its must to scale the tps, imagine only the cars in the usa pay for gas/fuel in crypto on a basis how much  transactions per second it will be.

and fucking faggot nano is top coin and you cannot compare it to bitcoin cash coin which is crap and far away from be scaleable.

before you post crap think twice with your shitty metrit and five stars.

you killed me when you said -- If you just care about transactions per second hhhhh you fucking crazy dude.