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The open network that we built has free accounts, free transactions, no resource staking requirements, etc. Gas on Ethereum is absolutely a problem and absolute
by ramijames 5y ago
The open network that we built has free accounts, free transactions, no resource staking requirements, etc. Gas on Ethereum is absolutely a problem and absolutely does not scale.
We do not have mining (proof of stake), and have been certified carbon neutral (https://medium.com/ultra-io/ultras-blockchain-is-carbonneutral-certified-edbc41251f87 https://medium.com/ultra-io/ultras-blockchain-is-carbonneutr...)
- brokensegue 5y ago> With this in mind, we chose to assign seven designated Block Producers for Ultra’s blockchain. This does not sound truly distributed. Like you might as well not use Blockchain if it's not distributed.
- BlueTemplar 5y agoGit uses a kind of blockchain and is often centralized rather than distributed.
- brokensegue 5y agoPedantic but fine. I'll revise to "why use a trustless distributed ledger if you are going to only allow 7 validators. Might as well just use MySQL with an API.".
- ramijames 5y agoDecentralization is really a spectrum. We have a set of block producers that we've vetted and have worked closely with to set up the infrastructure for our network. They are external companies (Ubisoft is one of them). The code that runs on the network gets vetted by them and only goes into production after they sign a multisig and allow it. It's not thousands of anonymous nodes, but it is also not a single entity that controls everything. We intend to build out a more decentralized pattern with more complex governance as things mature. It's a software project and as you all well know, you can't launch your ideal at the start. You launch what you can and you improve as you go. Decentralization is that way, too.