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The DNS was our inspiration. The fmr CEO and CTO are advisors and guided us through the process to build both the technology and the surrounding incentive and c
by bpon 11y ago
The DNS was our inspiration. The fmr CEO and CTO are advisors and guided us through the process to build both the technology and the surrounding incentive and collaboration model.
To your point about "have to trust a handful of big guys to play fair," please refer to exhibit A - https://blockchain.info/pools https://blockchain.info/pools - where 2 miners control 52% and 4 miners control over 75% of the hashing power. If that's not trusting a handful of guys to play fair, I don't know what is.
We can take a permissioned, federated model because we have no native asset coin that needs to be backed up by wasteful mining, meaning that BigchainDB can handle an infinite number of assets on the same ledger. That, along with our pipelining innovation, we can hit writes/s up to 2 million.
And it scales. BigchainDB isn't meant to replace Bitcoin, it's meant to serve enterprise customers who want to be able to run blockchain systems in production, at scale.