Bitcoin Forum
August 22, 2018, 04:46:05 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Ethereum + Lightning? Buterin and Poon Unveil 'Plasma' Scaling Plan  (Read 175 times)
bbc.reporter
Hero Member
*****
Offline Offline

Activity: 840
Merit: 514


Make winning bets on sports with Sportsbet.io!


View Profile
August 14, 2017, 02:25:21 AM
 #1

Do they really have a real solution for the yet unsolvable problem in blockchain? They said sharding and the switch to proof of stake will fix Ethereum's problems with scalability but until today, it has not been proven as technically possible.

Now they are trying a new solution that might also be a dead end. How long can Vitalik give ETH followers the run around until they realize that there might be no solution?



Criticism remains

Some are skeptical, however. The technical idea behind these systems has been extensively discussed in blockchain communities, and has attracted both adamant supporters and obstinate rivals.

Every public blockchain protocol will eventually butt up against scaling limits. Bitcoin, the most-used blockchain today, was the first to show signs of scaling problems, with seemingly endless debate following after.

But, long-time critics argue that ethereum's scalability problems are more pronounced since it needs to store so much data to become the dreamed of "world computer."

On the subject of Plasma in particular, Vlad Zamfir, ethereum's proof-of-stake research lead, has offered some critical commentary already. He tweeted yesterday that he's "honestly not excited" about the project, arguing that he abandoned a similar project in 2015.

Poon, though, doesn't seem phased by Zamfir’s pessimism. And Buterin doesn't either, clarifying that Plasma is complementary to ethereum's current scaling work: sharding, which looks to boost capacity at the base layer of the protocol.

Still, Poon admitted there's a long way to go. Taking the idea to production will take "a lot of testing." Again he compared Plasma to Lightning, which has made huge strides in the past couple years, but is still incomplete.


Read in full https://www.coindesk.com/ethereum-lightning-buterin-poon-unveil-plasma-scaling-plan/

  ▄▄██████▄▄
  ████████████
███▄▄
 ██████████████▀▀▀██▄
████████████████   ▀██▄
████████████████     ▀██
██████████████       ██▌
██████████████        ▐██
██▌▀▀██████▀▀         ▐██
▐██                   ██▌
 ██▄                 ▄██
  ▀██▄             ▄██▀
    ▀██▄▄▄     ▄▄▄██▀
      ▀▀█████████▀▀





███████████████████████████
███████████▀▀         ▀▀███
████████▀   ▄▄██▄  ▀█▄  ▀██
██████▀  ▄████████▄  ▀█  ██
████▀  ▄██████▄▀  ██▄    ██
███▀  ██████▄▀  ▄▀████▄  ██
██▀  █████▄▀  ▄▀██████  ▄██
██  ▀███▄▀  ▄▀███████  ▄███
██    ▀██▄▄▀███████▀  ▄████
██  █▄  ▀████████▀  ▄██████
██▄  ▀█▄  ▀██▀▀   ▄████████
███▄▄         ▄▄███████████
███████████████████████████
███████████████████████████
████████▀▀       ▀▀████████
█████▀   ▄ ▀███▀ ▄   ▀█████
████  ▄████▄ ▀ ▄████▄  ████
███  ▄ ▀███▀ ▄ ▀███▀ ▄  ███
██  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  ██
██  █▀ ▄█ ███████ █▄ ▀█  ██
██   ▄███▄ █████ ▄███▄   ██
███  ████▀ ▄▄▄▄▄ ▀████  ███
████  ▀ ▄ ▀█████▀ ▄ ▀  ████
█████▄  ▀▀▄ ███ ▄▀▀  ▄█████
████████▄▄       ▄▄████████
███████████████████████████
████████     INDUSTRY LEADING BITCOIN SPORTSBOOK     ████████
LIVE
STREAMING
DAILY PRICE
BOOSTS
LIVE DEALER
CASINO
FAST & SECURE
PAYMENTS
███████████████████████████
████████▀▀       ▀▀████████
█████▀  ▄█▄  ▀  ▄▄   ▀█████
████  ▄  ▀    ▀█████▄  ████
███  ▀█▀   ▀█▄   ▀▀██▄  ███
██  ▄    █▄  ▀██▄▄  ▀█▄  ██
██  █▀ ▄  ▀█▄  ▀███▄  ▀  ██
██    ▄██  ▀██▄  ▀███▄   ██
███  ▀████  ▀███▄  ▀█▀  ███
████  ▀████  ▀████▄    ████
█████▄   ▀▀█▄  ▀▀▀   ▄█████
████████▄▄       ▄▄████████
███████████████████████████
███████████████████████████
████████▀▀ █████ ▀▀████████
█████▀    ▄█████▄    ▀█████
██████▄▄█▀▀ ▄▄▄ ▀▀█▄▄██████
███▀███▀ ▄███▀███▄ ▀███▀███
██   █ ▄██▀     ▀██▄ █   ██
██   █ ██         ██ █   ██
██   █ ▀██▄▄█ █▄▄██▀ █   ██
███▄███▄ ▀██▄▄▄██▀ ▄███▄███
██████▀▀█▄▄ ▀▀▀ ▄▄█▀▀██████
█████▄    ▀█████▀    ▄█████
████████▄▄ █████ ▄▄████████
███████████████████████████





..WIN WITH US!..
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
coupable
Sr. Member
****
Offline Offline

Activity: 574
Merit: 251



View Profile
June 03, 2018, 05:21:54 PM
 #2

The idea of Plasma is to allow the Ethereum blockchain to continue handling smart-contracts while broadcasting completed transactions.
Plasma is designated to be a layer for scalability solution which doesn’t improve the blockchain itself. Instead, it takes an existing blockchain, creates a special construction which is connected to it, provides a much higher throughput.
With Sharding, which is another scalability solution designed to directly improve the existing blockchain, and Plasma, VITALIK BUTERIN expect that the two layers could scale ethereum 10,000x
Check this article for further details: http://bitcoinist.com/vitalik-buterin-sharding-plasma-scale-ethereum-10000-times/

██████
██
██
██
██
██
██
██
██

██
██

██
██████
.
///Augment Your Portfolio
██████
██
██
██
██
██
██
██
██

██
██

██
██████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
       ▄▄█████████▄▄
     ▄█▀▀▀       ▀▀▀█▄
   ▄▀                 ▀▄
  █       ▄▄▄▄▄▄▄       █
 █    ▄▀▀▀▄▄▄▄▄▄▄▀▀▀▄    █
▐▌  ▄▀▄▀▀▀       ▀▀▀▄▀▄  ▐▌
█  ▐▌█ ▐█▌       ▐█▌ █▐▌  █
▐▌ █▐▌ ███  ▄▄▄  ███ ▐▌█ ▐▌
▐█ ▐▌█  ▀    ▀    ▀  █▐▌ █▌
███ ▀▄▀▄▄▄       ▄▄▄▀▄▀ ███
██▀█▄ ▀▄▄▄▀▀▀▀▀▀▀▄▄▄▀ ▄█▀██
▀    ▀█▄▄▄▀▀▀▀▀▀▀▄▄▄█▀    ▀
       ▀▀█████████▀▀
Vivid

████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   WHITEPAPER  ● ● ●
FACEBOOK  TWITTER  DISCORD  REDDIT  TELEGRAM  BOUNTY
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ANN THREAD  ● ● ●
cryptorTUX
Member
**
Offline Offline

Activity: 238
Merit: 11


View Profile
June 03, 2018, 05:25:24 PM
 #3

This is the point. Blockchain is not perfect for money it is perfect in a sense to be distributed and and decentralizd database we all can trust but when scalibility comes in place then there comes the tricky part. Even bitcoin is adding extra layers such as SegWit and Ligthin Network to combat this issue which is why I don't blame ethereum for coming for their own solutions. Let them implement plasma and we can see how it will play out. Vitalik is simply trying out new options as ethereum is based on the blockchain and ethereum must move towards blockchain that is scalable, fast and node friendly.
coupable
Sr. Member
****
Offline Offline

Activity: 574
Merit: 251



View Profile
June 03, 2018, 07:13:21 PM
 #4

Vitalik is simply trying out new options as ethereum is based on the blockchain and ethereum must move towards blockchain that is scalable, fast and node friendly.
The new layers are a fundamental addition for the ethereum network, not only because bitcoin added similar options to overpass some issues because bitcoin has no competitor yet, that Ethereum is not only facing scalebility problems but also have to compete with other ecosystems aiming to facilitate the adoption of the smart-contracts and make it friendly-use such as EOS.
Early talk about if this may really help but hopefully ethereum is always considered as an under-developement ecosystem which related its progression by fixing accuring bugs and the full analyse of the market.
So remind: Ethereum is still an undervalued token until reache its full developement.

██████
██
██
██
██
██
██
██
██

██
██

██
██████
.
///Augment Your Portfolio
██████
██
██
██
██
██
██
██
██

██
██

██
██████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
       ▄▄█████████▄▄
     ▄█▀▀▀       ▀▀▀█▄
   ▄▀                 ▀▄
  █       ▄▄▄▄▄▄▄       █
 █    ▄▀▀▀▄▄▄▄▄▄▄▀▀▀▄    █
▐▌  ▄▀▄▀▀▀       ▀▀▀▄▀▄  ▐▌
█  ▐▌█ ▐█▌       ▐█▌ █▐▌  █
▐▌ █▐▌ ███  ▄▄▄  ███ ▐▌█ ▐▌
▐█ ▐▌█  ▀    ▀    ▀  █▐▌ █▌
███ ▀▄▀▄▄▄       ▄▄▄▀▄▀ ███
██▀█▄ ▀▄▄▄▀▀▀▀▀▀▀▄▄▄▀ ▄█▀██
▀    ▀█▄▄▄▀▀▀▀▀▀▀▄▄▄█▀    ▀
       ▀▀█████████▀▀
Vivid

████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
████  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   WHITEPAPER  ● ● ●
FACEBOOK  TWITTER  DISCORD  REDDIT  TELEGRAM  BOUNTY
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬   ANN THREAD  ● ● ●
ramarianz
Member
**
Offline Offline

Activity: 221
Merit: 10

Borderless for People, Frictionless for Banks


View Profile
June 03, 2018, 07:17:49 PM
 #5

now i just worried about are ETH wallet safe ?
rather than upgrading their TPS,since a few weeks ago i hear thousand wallet got hacked,but idk how hacker get their wallet,
because most of them, never login with private key.

T r a x i o n                                                            TRADE AND EARN DURING PRE-ICO
TRANSITIONS YOU TO A CRYPTO-READY SOCIETY       Pre-Sale starts April 15, 2018
Github     Telegram     Medium     Facebook     Twitter     Reddit     Youtube
Ctn
Sr. Member
****
Offline Offline

Activity: 560
Merit: 258



View Profile
June 03, 2018, 07:22:28 PM
 #6

Wow I cant imagine when this upgrade will be done for the ETHEREUM. The plasma project does have out fo the box thinking and it can really boost the transaction to all new levels and dimensions. If that is true thing then ETH can go crazy 100x or may be more than that I believe. The economics of the ETH will rise gradually and suddenly we will see more usage of the ETH platform. This upgrade is also mandatory for one important reason that it is getting its popularity decreased these days due to other platforms with full scaling model. So to get that one back on track you have to seek this update soon.

kindbtc
Member
**
Offline Offline

Activity: 238
Merit: 11

Blockonomics - Re-Imagining Bitcoin and E-Commerce


View Profile
June 03, 2018, 07:30:07 PM
 #7

I think this is a very optimistic update for ethereum and its scaling issues, if this is true that the ethereum network will speed up and also become cheap after implementation of these extra layers then it is definitely a good news for eth fans, i think if they are able to put forwanrd and inplement these solutions this year eth holders will definitely go to moon.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!