/sqt/: Stupid Questions Thread

[Anonymous No.8394561]

What blockchain concepts do you not understand? Be honest and fellow anons will explain to you

[Anonymous No.8394789]

what enforces a smart contract and why is it necessary or preferable to current contracts businesses make

[Anonymous No.8394821]

>>8394789
It's software that automatically and securely makes exchanges. It's not "enforced" because it only executes when certain specified conditions are met. It can't execute without those conditions, and it can't not execute when they are met.

[Anonymous No.8394887]

>>8394789
It's just a script on the blockchain https://etherscan.io/address/0xbbe54023516c5a95dc63a8bf232f951600e8c3f3#code

You can interact with it making transactions, and no one can modify the code

[Anonymous No.8395065]

Why does token supply matter if you can use fractions of a token anyway? Like why is 1 billion supply better than 100 million?

[Anonymous No.8395082]

>>8395065
it's not, it's just a design decision. people fuck around with this number for various reasons. for example large supply means low token price so retards will think it's "cheap". or some decide on it based on their algorithm of releasing more tokens etc

[Anonymous No.8395125]

>>8394561
How the fuck do you actuall scale blockchains so that transactions are fast and cheap without compromising security or decentralization? And don't say sharding because that's a only a scaling solution you try to implement when nothing else is possible and is hugely difficult to implement and insecure.

[Anonymous No.8395418]

>>8395125
>reduce time between blocks
>increase blocksize
>use dpos

guaranteed 1k+ tps. enough to beat paypal and it's already deployed (see e.g. Steem)
scaling is a non-issue right now but Core brainwashed everyone to think we need LN lol