Re:Keep the web free, say no to Web3 (2021)
by redox99 on Monday May 23, 2022 @12:31PM
(#31481178)
The biggest challenge in general is that the approach of storing every transaction forever leads to petabytes of storage. And you can't expect a decentralized system to require petabytes of storage.
[ Parent
| on HN ]
I apologize if this a naive question but Proof of work is also decentralized no? Why does Proof of Stake incur these scaling limitations but Proof of work does not?
Re:Keep the web free, say no to Web3 (2021)
by coffeeblack on Wednesday May 25, 2022 @02:44AM
(#31501327)
Both do.
Re:Keep the web free, say no to Web3 (2021)
by bogomipz on Wednesday May 25, 2022 @11:48AM
(#31506225)
Can you elaborate? The person I was replying to indicated that the problem was one of storage however the only scalability problems I have seen written about have been around transaction processing.[1]
[1] https://en.wikipedia.org/wiki/Bitcoin_scalability_problem