Seems petty. Of course it’s easier to make changes when you just launched and there are less parties and more centralization at a leadership level. 8 months doesn’t really seem like something worthy to brag over.
Well, Bitcoin still doesn't have graftroot so it's 8 months and counting :)
And Lord help me I'm talking about crypto on hacker news but Chia seems just better engineered overall:
- uses between 300x and 10000x less energy for the same security as Bitcoin
- has the most number of farmers/validators of any blockchain
- supports around ~25 transactions per second (as opposed to bitcoin's 5)
- very efficient and auditable on-chain language (much better than Solidity afaict)
The Chia team did a good job taking everything that works well from Bitcoin while also learning from its shortcomings and improving. Chia is now the table stakes for what other blockchains have to compete with.
> - uses between 300x and 10000x less energy for the same security as Bitcoin
right, but instead of mostly electricity being poured into mining, now it's hard drive components. It's still the same amount of dollars (resources) poured into mining. The only difference is shifting it from opex to capex.
>- has the most number of farmers/validators of any blockchain
valid point, although I wouldn't really chalk it up to it being "better engineered". bitcoin supports validation at the miner level (ie. you can do the validation, rather than trusting/relying on the pool) as well via getblocktemplate. It's just not widely adopted for whatever reason.
It's easy to build something better engineered when you don't have an installed base. Getting adoption is the hard part. Chia is doing pretty well for a new chain but we'll see what happens long term.
And Lord help me I'm talking about crypto on hacker news but Chia seems just better engineered overall:
The Chia team did a good job taking everything that works well from Bitcoin while also learning from its shortcomings and improving. Chia is now the table stakes for what other blockchains have to compete with.