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None of the coins mentioned above can scale to become a mainstream currency. They're just the most hyped ones. Blockchain-based coins are hard to scale. The mo
by jondubois 9y ago
None of the coins mentioned above can scale to become a mainstream currency. They're just the most hyped ones.
Blockchain-based coins are hard to scale. The most scalable ones at the moment use a Directed Acyclic Graph (DAG) instead of a blockchain.
I think that IOTA and Byteball (both DAGs) are the most advanced at the moment in terms of scalability.
In the long term, Ethereum may have potential if they manage to implement sharding.
Another good long term bet is Lisk which aims to scale using sidechains.
- makomk 9y agoLast I heard, IOTA had collapsed under the load of all the transactions from speculators, with people complaining it took days to get transactions to confirm. A blog post about this even made it to HN a few days ago: https://news.ycombinator.com/item?id=15944112 https://news.ycombinator.com/item?id=15944112 (As far as I can tell it took a much lower transaction volume than the Bitcoin one to cause this too, though there doesn't seem to be that much in the way of useful stats out there.) This isn't terribly surprising because from the discussions I saw, the entire justification for why it could scale infinitely seemed to boil down to the creator accusing anyone who questioned this of spreading FUD. Byteball may be doing better, but on the other hand it hasn't had the same kind of speculative bubble that's done Bitcoin and IOTA in yet.
- jondubois 9y agoI think it was because IOTA experienced an influx of spam transactions which were not dealt with properly. I'm sure that IOTA still has issues but I think that the core DAG/tangle concept is sound. Unlike with most other tokens, these problems should be relatively easy to fix... My bet is that it's much easier to scale a DAG than a Blockchain. But I'm sure that some blockchain-based tokens will also scale eventually.