EOS plans on "parallel executions" can SIDECHAINS do this?

in #eos7 years ago

Sidechains-630x289.jpg

The Bitshares and Steem whitepapers describing the Graphene engine only talk about rather local optimizations when describing how they can achieve thousands of transactions per second. In this context, this metric would rather compare against Oracle clusters and the like (where they would lose, of course, impossible to compete with decades of domain knowledge in this field).
The question about the security trade-offs when achieving their transaction throughput, which is the actual issue to look at in the blockchain domain, is left unaddressed. Or, to put it more simply: Why is it a blockchain at all? It's just a database engine. Bitshares, Steem and probably also EOS are run by a fixed and known set of 20 or so validators, also known as "witnesses", probably consisting of Larimer himself and closest cronies, who will of course never behave maliciously. They can be voted in and out by "the community".
This has not much to do with Satoshi's invention after all. There is no decentralization. If you remember that famous centralized-decentralized-distributed graph, the "decentralized" graph is intended to look self-similar no matter where you pan and zoom. This is not the case with Graphene. You zoom out, and you'll have the 20 nodes in the center.
At best there is a niche for this approach, at worst it's intentionally misleading and a scam. The truth is maybe somewhere inbetween, but then you have to ask what's the technical benefit over a centralized setup ???
Thanks fo your time . What do you think ???

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20 is just a parameter in platform and BTW it's dynamic one in BitShares. Do you think that 100, 4000 or 3902842 witnesses is necessary to make sure that the platform is decentralized enough? Just persuade couple of people to setup their node and persuade the community to vote you in.

There are different types of 'blockchains'. Most of them are probably only partially decentralised ledger systems instead of widely dispersed ledgers. That does not mean they cannot be useful. However, for business use the way security is structured and the actors involved to keep the system running are extremely important. Perhaps a business may choose to run a node itself to add to that security.

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I am also very interested in a clear answer to this since I am thinking of joining the EOS ico.

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Flagged for spreading lies.

You're mad for holding bags. lol

it is not good to call someone a mad person @iheartyou please dont say it again

hey @dantheman i have read the same . EOS is working on parallel execution , isn't that true ?

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