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>with the assumption that everything, everywhere will eventually be fractionalized and tokenized and brought onto the chain. So if I understand how current vis
by usrbinbash 5y ago
>with the assumption that everything, everywhere will eventually be fractionalized and tokenized and brought onto the chain.
So if I understand how current visions of this work then I have a question...
As of right now, Ethereum adds a new block every 15 seconds. That translates to 30E6 "gas" (the measure of the amount of compute usable in the "Solidity" language), which adds up to about 600.000 algorithmic primitives (like adding 2 numbers).
As for storage, because the "everything" includes not only computation but of course also data: about 600 "gas" are needed to store a single byte, so storing 1MB would need 300 seconds, that is ofc under the assumption that no computations are running during that time.
Given the amount of computations and storage we need in our modern web...how are blockchains and their tokens supposed to accomodate the demand again?