Info : Sharding: The Solution to Ethereum’s Scalability Problem?
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#1
z Ethereum 
Is sharding the right way to go in order to scale Ethereum? https://www.mycryptopedia.com/sharding-t...y-problem/ 
Smile
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#2
So I'm not really a technical person but I really like they are being proactive about this . For me ether transfers have been really fast and cheap... But it makes sense that the more used the technology gets the more congested it will be .

Anything ether can do to not become Bitcoin sounds good to me ! Bitcoin is much too slow and expensive .
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#3
(11-18-2017, 01:21 PM)Decentralized Investor Wrote: So I'm not really a technical person but I really like they are being proactive about this . For me ether transfers have been really fast and cheap... But it makes sense that the more used the technology gets the more congested it will be .

Anything ether can do to not become Bitcoin sounds good to me ! Bitcoin is much too slow and expensive .

You make a good point. It's encouraging to see that developers realise that scalability needs to be resolved if Ethereum is to become widely adopted.
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#4
Hey thanks for your post ! I've been meaning to read more about this sharding business, I'll check this out when I get home tonight .

it's very true though , ethereum in general seems to be very aware of future applications and restrictions that might arise - they're roadmap is very proactive . Big reason eth is my largest holding Smile
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#5
So I'm trying to understand this right and it makes sense .. though my question - can't this be abused ?

If two separate transactions are sent to two different nodes at the same time they wouldn't have a chance to reach the main block yet . Wouldn't this create multiple transactions ?
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#6
Quote:So I'm trying to understand this right and it makes sense .. though my question - can't this be abused ?

If two separate transactions are sent to two different nodes  at the same time they wouldn't have a chance to reach the main block yet . Wouldn't this create multiple transactions ?

Good question. This is called fraud and is actually part of a much bigger potential problem with sharding that is being heavily worked on . Imagine a shard/node being attacked by claiming a huge array of invalid transactions - this could lead to a complete takeover of part of the network and be the most insecure thing ever . This will not be allowed to happen , and is most obviously a big part of proper development before release .

There are a lot more technicals to it of course , but I assure you , if sharding is officially released - there won't be multiple transaction problems .
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#7
(11-18-2017, 01:37 PM)Mycryptopedia Wrote:
(11-18-2017, 01:21 PM)Decentralized Investor Wrote: So I'm not really a technical person but I really like they are being proactive about this . For me ether transfers have been really fast and cheap... But it makes sense that the more used the technology gets the more congested it will be .

Anything ether can do to not become Bitcoin sounds good to me ! Bitcoin is much too slow and expensive .

You make a good point. It's encouraging to see that developers realise that scalability needs to be resolved if Ethereum is to become widely adopted.

This is exactly what I think - sending and making transactions right now may be cheap and fast - but we aren't really DOING anything with it right now except things mostly contained within the own ecoystem - which seems to exist and function for it's own sake.

Innovations and development like sharding are REQUIRED and hopefully come soon to Ethereum. Other cryptos are also working towards the idea that we need THOUSANDS of transactions per second for the technology to be truly viable in the real world.

I think Vitalik and team know what they are up against, and are working hard to attain what they must - ethereum is still one of my main buy and holds.
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#8
well , considering VISA alone does something like 10,000 txs a second with a capacity much higher .. ethereum does have a lot of work to do! but I feel we will get there .
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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#9
(11-19-2017, 12:59 PM)Rox Wrote: well , considering VISA alone does something like 10,000 txs a second with a capacity much higher .. ethereum does have a lot of work to do! but I feel we will get there .

iirc eth can only do 7-15ish tps, obviously Vitalik and friends know this is going to be a huge restriction - even though they are currently faster than Bitcoin.

https://www.reddit.com/r/omise_go/commen..._puts_the/

Check that.. if OMG can do what they are theorizing, they should have capacity to do MULTIPLES OF TIMES more transactions per second than VISA.

We are still a ways off..
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#10
(11-19-2017, 11:54 PM)OMGoodness Wrote:
(11-19-2017, 12:59 PM)Rox Wrote: well , considering VISA alone does something like 10,000 txs a second with a capacity much higher .. ethereum does have a lot of work to do! but I feel we will get there .

iirc eth can only do 7-15ish tps, obviously Vitalik and friends know this is going to be a huge restriction - even though they are currently faster than Bitcoin.

https://www.reddit.com/r/omise_go/commen..._puts_the/

Check that.. if OMG can do what they are theorizing, they should have capacity to do MULTIPLES OF TIMES more transactions per second than VISA.

We are still a ways off..

from what I understand OmiseGo plans on attaining that feat by introducing plasma . Vitalik himself tweeted a few days ago that ethereum too is starting to roll out plasma .. what does that do for OMG??
hodling till Im odling
Ethereum, IOTA, Lisk, OmiseGo, Blackmoon Crypto
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