Re:Why I’m Cryptophobic
by cypress66 on Thursday June 30, 2022 @01:31PM
(#31935759)
As much as I enjoy (and actually use) crypto, you touch a very important point.
No current cryptocurrency that is even remotely decentralized, offers good throughput / scalability / tps.
Bitcoin has Lightning and it's in my opinion fundamentally flawed in its UX. It hasn't picked up much adoption after many years for what it's worth.
Ethereum has many L2 solutions in development but they are many years away from being finished (actually scalable, safe, decentralized)
I don't know much about other cryptocurrencies but from what I've seen they all are either very centralized or not scalable either (see the Blockchain Trillema)
Re:Why I’m Cryptophobic
by koonsolo on Thursday June 30, 2022 @05:52PM
(#31939128)
Nano uses what they call a "block lattice" which is based on DAG's. Seems to work both in theory and practice: 0 fees, sub-second transactions and can handle thousands of tps.
No current cryptocurrency that is even remotely decentralized, offers good throughput / scalability / tps.
Bitcoin has Lightning and it's in my opinion fundamentally flawed in its UX. It hasn't picked up much adoption after many years for what it's worth.
Ethereum has many L2 solutions in development but they are many years away from being finished (actually scalable, safe, decentralized)
I don't know much about other cryptocurrencies but from what I've seen they all are either very centralized or not scalable either (see the Blockchain Trillema)