News for hackers. Stuff that matters.

A comment on Ethereum Plans to Cut Its Energy Consumption by 99 Percent. Parent comment

Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by plywoodtrees on Wednesday January 02, 2019 @09:12PM (#18812250)
Sure, it's in some sense "an AWS competitor" but something like a billion times less efficient, measured by throughput, energy efficiency, or cost. So, in practice, no it's not.
[ Parent | on HN ]
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by ENGNR on Wednesday January 02, 2019 @11:00PM (#18812706)
AWS actually made an interesting product, a distributed ledger that's 'trustless' as long as you trust Amazon, but with none of the overhead of blockchain so at least it's efficient

I think Ethereum is going big places, but the AWS ledger solution is probably also going to be good for smaller industries where competitors don't trust each other, they want a database that's shared, and they all might trust Amazon enough to control it (eg if they're all using AWS anyway)

(https://aws.amazon.com/qldb/)

[ Parent | on HN ]
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by runeks on Sunday January 06, 2019 @03:38AM (#18837312)
> […] a distributed ledger that's 'trustless' as long as you trust Amazon […]

This has been possible since the 80’s due to public key encryption.

It’s not having to trust a central actor that’s the innovation behind e.g. Bitcoin.

[ Parent | on HN ]
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by bitxbitxbitcoin on Wednesday January 02, 2019 @09:35PM (#18812352)
Well put!

To put it another way, the problems that Ethereum will solve are not ones that could be solved by AWS.

[ Parent | on HN ]
Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent by anoncoward111 on Wednesday January 02, 2019 @09:45PM (#18812402)
Totally agree.

Despite both being energy/transport companies, Embraer and Tesla are solving two very different consumer problems.

[ Parent | on HN ]