3 ms·
> Transaction volumes are abysmal There are many database engines, some can actually go quite fast. > The mechanism of BFT that a blockchain uses is expensive
by baby 5y ago
> Transaction volumes are abysmal
There are many database engines, some can actually go quite fast.
> The mechanism of BFT that a blockchain uses is expensive. Proof of work, Proof of Stake, the others
Proof of work is not BFT, proof of stake is not always BFT (ouroboros). Proof of stake is not expensive. I’m not sure why you’re saying it forces you towards centralization, these are decentralization technologies, literally.
> The storage capacity of the database is also terrible
How so? It seems like this limitation hasn’t stopped people from creating usecases.
> But blockchain consensus mechanisms all seem to suck. You'd frankly probably be better off going with Raft or something instead
Have you heard of solana, hotstuff, avalanche, algorand, to say a few?
> Meanwhile for the exact same reasons that Raft leads to centralized nodes blockchains lead to mining pools at the cost of massive inefficiency
Mining pools are only a thing in proof of work