Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: crypto64 on December 06, 2019, 12:44:53 AM



Title: A different blockchain protocol, smaller and more efficient
Post by: crypto64 on December 06, 2019, 12:44:53 AM
Crypto coins are considered anonymous, but all the transactions are visible on blockchains, someone can trace all the transaction ,
this means there is no 100% anonymity.
If a blockchain in which are recorded only the balances and keys and a security system that does not permit tampering is implemented,
the blockchain will be much smaller and more efficient. Added to this all transactions should have no fee.
What's your opinion on this? Would you use it?


Title: Re: A different blockchain protocol, smaller and more efficient
Post by: asriloni on December 06, 2019, 04:06:14 AM
Crypto coins are considered anonymous, but all the transactions are visible on blockchains, someone can trace all the transaction ,
this means there is no 100% anonymity.
If a blockchain in which are recorded only the balances and keys and a security system that does not permit tampering is implemented,
the blockchain will be much smaller and more efficient. Added to this all transactions should have no fee.
What's your opinion on this? Would you use it?

There was a side chain that was even smaller than the full blockchain, and I believe if that has already become the private blockchain that's more efficient to be used by the personality.
I don't even think if the creation of the different blockchain will bring us to efficiency. The problem is just in the scalability, and it can be solved through use the various ways.
Some people have used side chain, and they are getting what you are saying in your thread. Efficiency is the main thing that already offered by the sidechain.
That small protocol exists.


Title: Re: A different blockchain protocol, smaller and more efficient
Post by: Ucy on December 06, 2019, 05:47:34 AM
It could be optional. I like Blockchain being transparent to be honest.
I guess you should build it to prove it's possible and efficient.
I wonder if it would work well for the masses. I mean, how do you prove you sent coins to a user in a dispute?
The Blockchain will probably be more suitable for anonymous transactions.