“Zamfir’s criticisms have nothing to do with Maidsafe’s use or not of Parsec.” I know but he was right by saying it was overhyped. You are yourself describing PARSEC which WAS suppose to be revolutionary as a “more o less, “classic” Byzantine consensus algorithm”.
But why it’s a “more o less, “classic” Byzantine consensus algorithm” today but 2 years ago it was marketed as a new revolution.
And I just want to know how this will impact the network in term of decentralisation, security, privacy and scalability?
Trying to do my part by looking online but I feel like it PARSEC was an important component of the network and I don’t really understand how it can be replaced without repercussions.
The basic idea behind everything is less computational cost, because much of the work will be done by the client instead of the network, more network capacity, faster and more TIPS (transactions of information per second).
So there are absolutely no downsides? I mean I am reading this: https://techcrunch.com/2018/06/02/not-just-another-decentralized-web-whitepaper/ and I see
MaidSafe’s network is not blockchain-based. It’s engineered to function with asynchronous voting of nodes, rather than synchronous voting, which should avoid the bottleneck problems associated with blockchain. But it’s still decentralized. So it needs a consensus mechanism to enable operations and transactions to be carried out autonomously and robustly. That’s where Parsec is intended to slot in.
What Parsec does is it can reach consensus even with malicious nodes. And up to a third of the nodes being malicious is what the maths proofs suggest
And so many other things that PARSEC was suppose to “improve” or “do better” than Blockchain or DAG based techs. I am really confused.