3 ms·

I applaud this effort as an academic project. Hopefully it will help move forward the state of the art. But I reject the idea that a new cryptocurrency will "

I applaud this effort as an academic project. Hopefully it will help move forward the state of the art. But I reject the idea that a new cryptocurrency will "fix the bitcoin problem" by just being faster. But there are already several blockchains that promise high transactions per second such as Neo, Eos, Nano, etc. And Ripple, which has been around significantly longer than these, claims to be able to handle 50k transactions per second. Cryptocurrencies need a lot of adoption and real world use to be successful. Beware of premature optimization.

JohnJamesRambo 8y ago
Almost all those you listed are not decentralized at all. That’s where it gets hard- to provide both decentralization and speed. EOS and many others like that aren’t much different than a normal centralized server, so of course they have increased throughput.
baby 8y ago
Here's what you need: * faster processing (and confirmation if you're forking) * smaller blockchains (solved by coda protocol) * insurances for light-weight wallets (solved by coda protocol) * not computationally heavy (solved by algorand) After that, real-world use-cases will follow. If bitcoin had been invented before online banking, it would have boomed. The fact that it came later puts a lot of pressure on innovation in this space. If it fails to innovate, we won't hear about blockchains in the future.