That, my friend, along with the massive size of the blockchain, is the billion dollar question…
There are some projects discussed here on the forum regarding payments, transaction speeds and storing the blockchain on the SAFE network that will keep you busy for…well as long as you can stand I would imagine.
I was quite curious about how many people would be able to use the Ethereum blockchain at any moment. Bitcoin is quite clear, they’re stuck at 7 transaction per second, but Ethereum will do a lot more than just transactions, it will use their blockchain for calculation etc. So what if people start to do a dice game every block? Where Dapps need to interact a lot of times with the blockchain? And what if people use software like Augur, where great amounts of data are stored in blocks? Here’s the l…
Consider the following:
only distributed groups of 32 anonymous nodes are needed for consensus, compared to every full node on a standard blockchain.
both data and it hash can be stored on the network without any additional software, compared with only the hash generated by a supplementary application and separate data storage.
transaction times are of negligible resource cost, compared with high resource cost.
transactions are near instant due to small consensus pool, compared with delay (usu…
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