Bitcoin Forum
July 23, 2021, 09:54:50 PM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-03-27]Vitalik Wants You to Pay to Slow Ethereum's Runaway Growth  (Read 75 times)
Reatim
Sr. Member
****
Offline Offline

Activity: 1806
Merit: 309


Looking for Manager?Hhampuz is your guy


View Profile
March 27, 2018, 09:51:53 PM
 #1

Vitalik Wants You to Pay to Slow Ethereum's Runaway Growth

Could adding a new fee help preserve ethereum in the long term?

It's a contentious statement in light of the debates ongoing across blockchains over how and when users should pay to support what amount to global computing networks. However, the concept is now gaining notable momentum on ethereum, most recently from the creator of the world's second-largest blockchain himself, Vitalik Buterin.

Buterin's concept, described in a recent blog post, revolves around so-called "rent fees," whereby users would be asked to pay to use the network based on how long they'd like their data to remain accessible on the blockchain.

The idea has recently seen interest generally, as ethereum developers have sought to cope with the platform's increased adoption, and, in turn, the increased amount of data being added that all network nodes need to store.

https://www.coindesk.com/vitalik-wants-pay-stop-ethereums-runaway-growth/

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

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀

Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█

Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █

Blackjack
|              ▄▄▀▀█▌
          ▄▄▀█▄    █
        ▄▀     ▀▄▄ █
       █    ▄▄    ▀█
    ▄▄█    █  █   ▐▌
  ▄▀ █      ▀▀    █
▄▀  ▐▌           █
█ ▄▀▀▄▄        ▄▀
▀▀  ▄  ▀▄▄   ▄▀█
  ▄▀   ▄  ▀█▀  █
   ▄▀ ▄▀   █  █
  ▄▀ █     █▄▀
   ▄▀
NEW GAME!
CRASH 
|||
[ Đ ][ Ł ]
AVAILABLE NOW
1627077290
Hero Member
*
Offline Offline

Posts: 1627077290

View Profile Personal Message (Offline)

Ignore
1627077290
Reply with quote  #2

1627077290
Report to moderator
1627077290
Hero Member
*
Offline Offline

Posts: 1627077290

View Profile Personal Message (Offline)

Ignore
1627077290
Reply with quote  #2

1627077290
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1627077290
Hero Member
*
Offline Offline

Posts: 1627077290

View Profile Personal Message (Offline)

Ignore
1627077290
Reply with quote  #2

1627077290
Report to moderator
vit05
Hero Member
*****
Offline Offline

Activity: 672
Merit: 525



View Profile
March 28, 2018, 06:00:28 AM
 #2

At some point something like this will be necessary. It is clear that having this amount of data is not sustainable in the long run. Now, would not the path, like Bitcoin, be to think of off-chain solutions to issues that can be addressed in the off-chain?
kevoh
Full Member
***
Offline Offline

Activity: 448
Merit: 110


View Profile
March 28, 2018, 07:19:57 AM
 #3

At some point something like this will be necessary. It is clear that having this amount of data is not sustainable in the long run. Now, would not the path, like Bitcoin, be to think of off-chain solutions to issues that can be addressed in the off-chain?

Nope! At this point Ethereum should be ready to hand over some of its customer base support to another crypto project like EOS or cardano. The rent fees should have been included from the beginning not now. This might not work out well for ethereum!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!