Open AlexanderPavlenko opened 10 months ago
You would need to isolate the core variables related to transaction finality, namely: [1] Time to achieve network consensus (i.e. a new block) [2] Amount of data that can fit in a block [3] Resistance to data tampering
3 is the hardest one because it depends on a lot of core assumptions regarding math, cryptography, and game theory, but should still be possible to formalize.
Highest reliability method would probably be to formalize the variables then assess how well the different networks measure up (rather than simply parading around a term like "TPS").
On Tue, 28 Nov 2023 at 09:33, AlexanderPavlenko @.***> wrote:
Let's begin with a hard fact: no decentralized layer 1 computer will ever achieve VISA-level scalability. That is not a pessimistic projection, but a direct consequence of the overhead of consensus, the size of Earth and the speed of light.
Can this be elaborated? How the prediction can be a "hard fact"?
Also check out TON claim: https://blog.ton.org/100000-transactions-per-second-ton-sets-the-world-record-on-its-first-performance-test
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rather than simply parading around a term like "TPS"
In case of VISA there's not much else to parade around:
Also scalability implies "high availability" which is decentralized computing too, except the computers run in a trusted environment and communicate over a trusted channel.
https://github.com/HigherOrderCO/Kindelia/blob/master/WHITEBOOK.md#why-not-become-a-layer-2-ethereum-rollup
Can this be elaborated? How the prediction can be a "hard fact"?
Also check out TON claim: https://blog.ton.org/100000-transactions-per-second-ton-sets-the-world-record-on-its-first-performance-test