4 ms·
It is important to note that not all of the on-chain solutions are cumulative. Say that increasing the gas limit and swapping virtual machines does get you an
by deweller 9y ago
It is important to note that not all of the on-chain solutions are cumulative.
Say that increasing the gas limit and swapping virtual machines does get you an 8x improvement each. After both are implemented, you don't don't have a 64x improvement, you have an 8x improvement.
All that raising the gas limit does is increase the maximum number of transactions per block. It doesn't matter how fast you can process those transactions if the gas limit is too low to fit all of those transactions into a block.
Ethereum is useful and novel and I am a fan. But we are a long, long way from being able to run something like Facebook on it. The "optimistic launch" dates are extremely optimistic.
- acover 9y agoWhat is needed to get to Facebook level? Is there designs that sacrifice trust in results for performance?
- asdfaoeu 9y ago> Is there designs that sacrifice trust in results for performance? Sure is have a look at https://www.mastercard.com/ https://www.mastercard.com/
- gfody 9y agoI don't think you need a blockchain to decentralize something like Facebook. You just want to verify that so-and-so did in fact make this comment and this other person did in fact like it. That can all be ensured with asymmetric encryption. As for the size and scale of Facebook, it's only huge because it is centralized. If you decentralize it then the social graph for you and your friends is much, much smaller than all of Facebook. I imagine a p2p client running on a cell phone would be fine.
- fiatjaf 9y agoWhat do you think it is needed to decentralize Facebook? I think it is a waste of mental effort just to think about something like Facebook running on Ethereum when that is fine running on centralized servers and there's so much more interesting uses of Ethereum (like probably a lot of projects that are popping around, no one trying to be Facebook).
- acover 9y agoFacebook is a large crud app. Ethereum is like one computer from the 1950s. How do you get from ethereum to host Facebook?
- Jabanga 9y ago1980s.
- xorcist 9y ago> What do you think it is needed to decentralize Facebook? I think it's called "the web". It was invented in the early 90s. Basically blogs and news aggregators fulfill the same niche as Facebook, but as a decentralized system where each user can be in full control of their data. The only thing that is limited in comparison to storing everything with one company is the possibilities for fine grained access control. The web needs to be overwhelmingly public in order for search engines, timeline aggregators and other services to arise. There is nothing in Facebook that involves ordering transactions in a global ledger.
- Jabanga 9y ago>Say that increasing the gas limit and swapping virtual machines does get you an 8x improvement each. After both are implemented, you don't don't have a 64x improvement, you have an 8x improvement These are cumulative. The new virtual machine uses less gas per operation, and thus is more efficient. Increased gas limits increases gas consumption. More gas consumed + more operations per unit of gas == cumulative.