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Author Topic: Which will be the dominating scalable coin? (NEM vs. IOTA vs. Radix vs. EOS...)  (Read 2419 times)
Come-from-Beyond
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June 19, 2017, 09:43:39 AM
 #21

PascalCoin V2 will be released next week along with a revised white-paper.

After PascalCoin main dev posted on IOTA slack that he doesn't believe in Quantum Theory he should ask for several peer reviews of his whitepaper before releasing. Without that everyone will question validity of his claims if any are made in the whitepaper.
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June 19, 2017, 03:37:52 PM
 #22

Pruning != Scalability

Sure, you can chop a hole in the bottom of the bucket to dump some water, but it can still only fill up as fast as your tap.

Pruning allows you to manage the size of the block chain over time, not how many transactions it can process per second.

Although this is correct I still think that a scalable coin should also have pruning.

If the blockchain gets to large more and more nodes cannot afford anymore to save the whole blockchain.
This not only leads to centralization but the network would finally also get very slow or even crash as millions of clients cold try to request or send data to very few remaining full nodes at the same time that cannot handle that load anymore.

Good point that although pruning is not all that needs to be considered when scaling a cryptocurrency, it is still a good feature to have as far as optimum scalability goes. Smiley

Indeed yes, pruning should be implemented where possible.  Just wanted to point out the difference as it can seem quite subtle.

Radix - DLT x.0

Web - http://radix.global  Forums - http://forum.radix.global Twitter - @radixdlt
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June 19, 2017, 03:56:22 PM
 #23

XtraBytes is also infinitely scalable.
XtraBytes just need to go on other exchangeres such as Bittrex at least and not sit only where they are. Also they should start promoting their coin. They just need to start doing something and than we will see this coin going to the moon Cheesy

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June 19, 2017, 06:09:19 PM
 #24

Iota i think. Its hasn't hit an exchange but the price is moving. Just wait until next year because IOTA will hit an exchange. It will be a hit. It's good to hold because the devs are active and responsive. I bought some of it when the price was 50 sats. Just watch their slack channel.

It's on finex since last week. It's how it came to my attention. I'm not sure on the game theory & security aspects. It took me a while to fully grasp bitcoin even though I have been in this space since 2011 (taking a crypto course, months of reading). I can see potential with IOTA and am looking for a good investment since I've recently fucked up greatly with my btc costing me a fortune. I still think bitcoin will be king it may just take 20 years to realise. This tangle tech does seem pretty cool.
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June 20, 2017, 09:46:53 AM
 #25

Byteball looks ok and it been tested in real life already in a way, during their 'Fair distributions' on every last 6 Fullmoons.
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June 23, 2017, 02:33:36 PM
 #26

Pruning != Scalability

Sure, you can chop a hole in the bottom of the bucket to dump some water, but it can still only fill up as fast as your tap.

Pruning allows you to manage the size of the block chain over time, not how many transactions it can process per second.

actually.... pruning is directly related to scalability.  everybody is fixated on tx/s but that is just one measure.  

with many chains there is a bottleneck wrt tx/s, but lets say some public blockchain has nailed it and figured it out, then what?  

now we have 1000's of txs per second which means millions of users and a chain that is swelling much faster than any chain ever has before.

soon the chain is many gigabytes/terabytes.  soon VPNs and even home computer hard drives are just way too small.  people have a choice to shut down their node or spend money and upgrade.  In coins like Bitcoin, these people running nodes are even being rewarded! That all goes to miners.

so quickly the "decentalized" network goes from 1000's of nodes to 100's of nodes to 10's of nodes when it is just too expensive to keep a full record of every tx ever.  

this is why scalability of chain size and possible solutions like pruning or snapshotting come into play and directly are related to scalability. having 10's of nodes trying to serve millions of people with 1000's of tx/s is just asking for the network to run into problems and with that overload on those few remaining servers..... well..... now they aren't doing 1000's of tx/s anymore, if they even manage to stay running.

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
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June 24, 2017, 06:25:43 AM
 #27

I understand that the EOS tokens will have value only if the blockchain running eos.io decide to actually use these tokens to convert them into the "blockchain tokens". But they are not obliged to, because they can change the rules as they wish. I am missing something?

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