I like the fact that Lisk focusses on usability (javascript dapps) which can trigger mass addoption.
But since bitcoin is having serious scaling problems already, and ethereum will too, how is Lisk going to address this?
Hello LitcoinCollector,
Thank you for asking this question. It's a very important one. After all, scaling is a huge issue for all blockchain related applications and the more functionalities a crypto-currency/platform/dapp has, the bigger the problem becomes.
If we are talking about decentralized applications and custom blockchains, then Lisk scales very well in comparison to Ethereum. Every decentralized application at Lisk is running on a new sidechain (i.e. a custom blockchain). That means a sidechain which is hundreds of MB big, is only a few kilo bytes on the Lisk blockchain.
I imagine that we will see an "internet of blockchains" at Lisk, which will emerge into a whole autonomous ecosystem. Thousands of decentralized applications and custom blockchains can work in parallel on the Lisk network, because they are all independent from each other. On the Lisk blockchain these thousands of dapps and custom blockchains are only a few MB big, but all data together on the sidechains can go into the terabytes. Adding some sort of marketplace for securing/forging sidechains will create a whole new earning potential and will make Lisk fly more than ever (in my opinion).
You see, scaling of Lisk sidechains is no problem at all. This results from the Lisk architecture, using sidechains instead of one big blockchain and miners.
To give a number or a specific statement regarding transaction scaling on the Lisk blockchain will need more testing. We are enhancing the current testbed greatly. Having a good test coverage is critical for a successful crypto-currency and platform. We mentioned these kind of "optimisations" and "enhancements" in our
roadmap. Once we have specific numbers we will obvioiusly share them with the community.
Just read the whitepaper. Am a little disappointed, to be honest. It's basically a copy of the Crypti paper, and it's very light on details. If you're going to have an ICO, I want something more in-depth and technical than that. I recognize that I can read your code, as it's on Github, but that's not usually my preferred method for coming to an understanding of a complex system. My time is short these days, and digesting code tends to take much longer than understanding a higher-level description.
I bought into the Ethereum presale because every detail had been clearly exposed in its white and yellow papers. With Lisk, there are too many undisclosed details at present for me to feel very comfortable about its future right now. Maybe if I read the code and compare it to Crypti's... but that's a time-consuming proposition.
This is a great post which could benefit Lisk moving forward. Here we have common concerns about the technical details of Lisk and the technology.
Could you go into more detail on what kind of technical and in-depth details Lisk is lacking? (This is a genuine question, not sarcastic nor criticizing you or defending Lisk.)
As part of the community, I believe the approach from ryepdx should be taken seriously, and any other future technical questions should be addressed and added to the documentation.
I strongly agree. It would be great if you can contact us ryepdx so we may can work on this together. I will write you a PM as well.
I have updated my profile, how much reward is for each participant? 200,000 is total amount or every participant will get this amount to wear signature?
200,000 LISK will be distributed between all participants.
hope you will not "moderate" my post.
This thread isn't moderated. We can't delete your posts.
