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by nytf3
2356 days ago
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tezos is attempting to solve this by incorporating on-chain governance - its dPoS and has a code deployment mechanism with a long voting process (multimonth). They have done 2? upgrades now and quorum seems to be ok so hopefully they can keep up voting % i still think the nano (formerly raiblocks) approach is cool - it scales by running parallel blockchains - each wallet is its own chain. tx's between chains are voted on weighted by % stake - dpos without lockups or slashing. this way its not a competition for space in a single ledger, its competition for voting bandwidth on the worst marginal node. a better tradeoff imho. downsides: the ledger also grows larger quicker than btc (because theres no 7tps limit so you can spam it) no voting rewards or inflation - theres no on chain incentives for voting at all, but exchanges/pos need to run full nodes to validate ledger anyway and voting is trivial bandwidth. its elegant and the security model works but its hard to tell people about without coming across as a fanatic. |
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