/biz/ - Business & Finance

Good question. Whats the actual technical argument against super fast blocks, like a second apart? Bandwidth?

>>9393661

There is a trade off because with shorter blocks there are more wasted blocks if there is a conflict due to transaction ordering, spam, or attempted double spend. It takes a certain amount of time for updates to propagate throughout the network so with shorter and shorter blocks you get more chain splits and miners waste time validating those useless blocks.The advantage of long block time is extreme reliability and durability in the face of high levels of spam or attempted double spending.

Theoretically yes, a short block time could give you really high TPS, but it almost never works out that way in the real world. Eth for example has a dynamic block size and time, block size can grow to w/e is required and the block time tends to be less than 20seconds too. In clean private network with no bad actors and low latency Eth can do thousands of TPS. The hard part isn't doing high theoretical TPS, its doing high TPS in the real world with shitty internet connections and massive DoS attacks and hackers trying to take the network down.

That's why bitcoin cash probably couldn't scale any more than bitcoin could, if anyone actually used it as much as bitcoin. Because even though you're stuffing more transactions per block, it still takes the same amount of time to validate that block, and it takes the proportionally more resources to validate each block because they're bigger. You actually only get better on-chain scaling from reducing transactions data size like with segwit.

>>9393854
Good shit. How is Zilliqa tackling this? Does sharding make all of this any easier?

>>9393854
thanks anon

>>9393854
Holy shit a useful post on biz

>>9393854
bravo anon

>>9393920

Yes sharding directly targets the problem of chains splitting by splitting the network into separate partition/shards so a transaction only has to propagate to every node within its shard and not the entire network.

>>9393854

fuck off core cuck

>>9393580
>2b testnet

>>9394131
yes and the smart contracts aren't even running on it
this coin will dump back to 0.05

>>9393854
Nice post

>>9394874
>t. Sold at .09
Stay mad.

>>9395091
nice

>>9394119
Wow this post will surely convince people of BCH's superiority. Thank you for such a useful comment

>>9394082
do you believe zilliqa can be the next big platfrom next to eth? i mean, i've never seen any fud about the technical aspect of it and it's look too good to be true (investment wise). can you name some of the main disadvantages of zilliqa?

>>9394131

its currently just an ERC20 token, so no 2000tps,

They try to develop a 200tps blockchain and just have a Amazon cloud based node infrastructure with some tx, ( testnet )

>>9395184

they currently didnt have plans how to run smart contracts on there chain, and 2000 tps on chain isnt really a thing now,

just look at $nano they aready have a working mainnet, live blockchain with a real throughput of 7000 tps.
and not some useless labor tps like zilliqa

XRP can do that since 3 years, so I dont see a reason for that coin to exist.

>>9395199
Testnet red prawn which was release earlier this month has over 2000 nodes and 3000 tps.
Zilliqa is the only blockchain right now that has made sharding work even if it’s at small scale on a testnet.
They are planning to release the mainnet sometime towards the end of this year.

>>9395286
>xrp
>nano

>>9395286
Do you even understand the difference between multiple chains and doing everything on the main chain?

All the chink coins have off chains, off chains have been a thing for the last 5 years, do you know why ETH doesn’t use it or why new generation blockchains with real projects don’t use off chains?
Jesus Christ the absolute state of biz.
Just forget blockchain, visa servers btfo everyone.

>>9395286

$NANO / Raiblocks is was a cool thing but in fact as you said:

XRP is doing that since years, so I dont get the hype about that new coins, that just boost there blocktimes as fast as possible, and open ther block size to theoretically be a 2000tps coin ( like OP said ) and since Ripple published there validator source, everyone can be a validator in the XRP network, what is in fact a fully decentralized coin, because now the network can be driven without the Ripple server.

95% use already existing codedebase tweak it and release a new coin make profit and run away with it.

>>9395323

RSK has a running sharding on the mainnet since 6 months. https://www.rsk.co/

As a Bitcoin Drivechain they can scale up to multiple 100tps as of the current state. with smart contracts and the security of Bitcoin. -Just sayin.

I didnt looked into zilliqa codebase didnt even know if its public or not.

>>9395376
>Do you even understand the difference between multiple chains and doing everything on the main chain?

of course, and I am no friend of offchain scaling like Lighning.

XRP and NANO transact on chain, and that was the compare I mentioned

>>9395446
I don’t know what they mean by sharding techniques since their chain is centralised and decentralised according to circumstances, would be interesting to see it when they release public Tesnet, for the tone being Zilliqa is the only one with a public testnet with functional sharding capabilities.
The security of the bitcoin where a group of miners gained control of 51% for 12 hours and could have double spent?
Bitcoin is trash my dude, we will see bitcoin struggling to stay relevant competing with third generation blockchains designed from the ground up to process thousands of tps, use sharding, smart contracts and PoS.
Last attempt to bring BTC into this decade didn’t quite work, tps are still some do the lowest in all crypto.