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A comment on In second largest DeFi hack, Blockchain Bridge loses $320M Ether. Parent comment

Re:In second largest DeFi hack, Blockchain Bridge loses $320... by SkyMarshal on Thursday February 03, 2022 @12:53AM (#30189171)
> fully settling on the blockchain is slow and costly.

That depends on which blockchain you're fully settling on. There's more than one, Ethereum != "the blockchain".

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by oblio on Thursday February 03, 2022 @08:02AM (#30191867)
How can they ever solve the fundamental problem of slow worldwide, globalized, decentralized consensus?

Have I missed some Turing Award discoveries while I was away?

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by basicallybones on Thursday February 03, 2022 @06:31PM (#30200573)
Several newer blockchains have made significant progress on transaction speed and throughput. Solana probably is the most notable example, but there are others. https://medium.com/solana-labs/how-solanas-proof-of-history-....
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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by SkyMarshal on Thursday February 03, 2022 @10:29PM (#30202486)
> the fundamental problem of slow worldwide, globalized, decentralized consensus?

That's not necessarily a problem. Slow is ok if it's highly secure, reliable, and inexpensive relative to the amounts being moved or compared to other alternatives.

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by TimJRobinson on Thursday February 03, 2022 @09:55PM (#30202229)
> Have I missed some Turing Award discoveries while I was away?

Yes. ZK Rollups - https://polynya.medium.com/conjecture-how-far-can-rollups-da...

If you don't understand this post he has many more explaining the technologies behind it.

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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by yvdriess on Thursday February 03, 2022 @03:43AM (#30190161)
Fundamentally, the more popular the chain, the more expensive transactions are going to be.
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Re:In second largest DeFi hack, Blockchain Bridge loses $320... by spopejoy on Friday February 04, 2022 @09:14PM (#30216367)
Not if the chain can scale -- ie not "fast finality" but being able to throw more resources at the problem as adoption increases (unlike Bitcoin, Ethereum and most single-chain POS systems however). Gas' true function is to stop griefing, the fact that it sends tx costs through the roof is because immature tech.
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