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Hey, I think you're making a valid point and I probably should have explained more what I meant by my statement. IMO, there's a middle ground we can go between

Hey, I think you're making a valid point and I probably should have explained more what I meant by my statement. IMO, there's a middle ground we can go between slow PoW on L1 and scaleability. I think that it can be done by having tools that give us the same guarantees like deploying a smart contract on the main chain. It's difficult to explain: But what I want is Plasma but as a framework to develop dapps. This project is going that route: https://github.com/hoytech/quadrable https://github.com/hoytech/quadrable

VentureCurious 6y ago
If you want a Layer2 plasma with similar guarantees to Ethereum (account based, not zero knowledge) then you may like Gluon.network once they roll out EVM support.
martindale 6y ago
We're building this, but on Bitcoin ("Plasma but as a framework for dapps" [with a focus on developer experience]) [0]. There's already robust infrastructure for L2 contracts in Bitcoin-land, and we've already heavily optimized the L1 to prepare for the load that a global, ubiquitous solution would need. Honestly, I see no use for Ethereum (or other Turing Complete L1s) looking forward — smart contracts can be purely peer-to-peer, with the only pressure applied to L1 being dispute resolution. By pushing complex contracts up into Layer 2, we can keep the dangerous, money-destroying, theft-enabling Turing machines away from the main chain. [0]: https://fabric.pub https://fabric.pub
peter_l_downs 6y ago
You might consider taking a look at Celo. They have ultra-light client support [0], it's proof-of-stake with single-block finality, and they run a true EVM that you can program in Solidity. It's mobile-first but since it's fundamentally a fork of Ethereum it is also web3 compatible -- there's a metamask fork here that should soon be functional [1]. Gas is payable in multiple ERC20 tokens, and should remain cheap as the network scales. Not sure if this falls under your "ethereum killers that can do 10x transactions/second" so apologies for shilling if it's not interesting to you. [0] https://docs.celo.org/celo-codebase/protocol/plumo https://docs.celo.org/celo-codebase/protocol/plumo [1] https://github.com/dsrvlabs/celo-extension-wallet https://github.com/dsrvlabs/celo-extension-wallet

VentureCurious 6y ago

If you want a Layer2 plasma with similar guarantees to Ethereum (account based, not zero knowledge) then you may like Gluon.network once they roll out EVM support.

martindale 6y ago

We're building this, but on Bitcoin ("Plasma but as a framework for dapps" [with a focus on developer experience]) [0]. There's already robust infrastructure for L2 contracts in Bitcoin-land, and we've already heavily optimized the L1 to prepare for the load that a global, ubiquitous solution would need. Honestly, I see no use for Ethereum (or other Turing Complete L1s) looking forward — smart contracts can be purely peer-to-peer, with the only pressure applied to L1 being dispute resolution. By pushing complex contracts up into Layer 2, we can keep the dangerous, money-destroying, theft-enabling Turing machines away from the main chain. [0]: https://fabric.pub https://fabric.pub

peter_l_downs 6y ago

You might consider taking a look at Celo. They have ultra-light client support [0], it's proof-of-stake with single-block finality, and they run a true EVM that you can program in Solidity. It's mobile-first but since it's fundamentally a fork of Ethereum it is also web3 compatible -- there's a metamask fork here that should soon be functional [1]. Gas is payable in multiple ERC20 tokens, and should remain cheap as the network scales. Not sure if this falls under your "ethereum killers that can do 10x transactions/second" so apologies for shilling if it's not interesting to you. [0] https://docs.celo.org/celo-codebase/protocol/plumo https://docs.celo.org/celo-codebase/protocol/plumo [1] https://github.com/dsrvlabs/celo-extension-wallet https://github.com/dsrvlabs/celo-extension-wallet