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by trentmc
3147 days ago
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Hi, it's Trent here, the CTO of blockchain. > I know. I think if I read "scalable" and "blockchain" in the same sentence again I'll scream.
I acknowledge the hype out there. FYI we were working on blockchain in 2013; long before the hype. We started encountering massive scale problems in 2014 and working on it in 2015, long before the "scale + blockchain" hype. We started work on this. So we're not doing this because it's some fancy combo of buzzwords, we're doing it because we identified a problem years ago, and have been making steady progress to improve it ever since. It was a surprise to me to see BigchainDB to hit HN front page today, since we've been shipping it since Feb 2016! > Once bitcoin can handle Visa's transaction volume (250M transactions/day) we can talk scale.
We're not trying to improve Bitcoin. We're building our own thing. As we continue to improve the technology, it becomes useful to ever-wider classes of users. Re CockroachDB: it's a cool technology. The big difference is that it's distributed but not decentralized. That is, the compute resources (in this case mainly storage) are spread across many machines; but the control is in the hands of a single entity / sysadmin. Whereas decentralized means the the control is spread across many sysadmins; and even a few rogue sysadmins won't take down the system. |
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As I understood blockchains, they are basically linked lists of hashes, yes?
And the decentralization means, that every node hast this list, not just parts of it, so everyone can always check if the list is consistent.
Also, these lists are append only.
The part were every node has a copy AND the list is append only leads me to something that doesn't scale well. It will always get bigger with every action that is appended AND it will always be multiplied by every node in the network.
I'm probably missing something here, but that is my current state of blockchains, haha.