Ethereum is Copper, Graphene is Fiberoptic - Peerplays, Bitshares & Steem

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Ah, the beautiful sound of dial-up internet. We can now affectionately look back on this sound, smile, and be thankful that we no longer need worry that the telephone may ring while you download a song on Napster that you’ve been patiently waiting for, at a minimum, for 45 minutes, and be booted off your precious connection, causing you to lose all 4:56 of 5:10 you managed to download of your favourite tune.

Fast forward to today, and we have blazing speeds travelling over fiberoptic connections that allow for uploads, downloads, streaming & so much more simultaneously without so much as a blip, let alone a full shutdown in our daily lifeline.

In both scenarios, we are quite satisfied with what we have. In the dialup days, we were content with a call manager application that allowed us to deflect or accept phone calls while we were on the Internet. Today, we expect little to no delay of any process we complete online, no matter which device(s) we may be using.

Then came “high-speed” Internet, travelling over copper cabling, at speeds of roughly 1.5 - 20 mbps download. This was seen as a huge upgrade from dialup, and quickly became the new expected service. This service is still being used in many rural areas, as well as areas without access to fiberoptics, and is capable of handling the majority of what we throw at it today.. as long as nobody else is using the Internet in your building, or on your street. Copper has limitations to the amount that can be pushed over it’s network, and as our demands for speed and access increase, the less copper serves our demands.

Now, if given a choice between copper and fiberoptic speeds (100 mbps -1gbps downloads, and in many cases, even faster), people will choose the latter. Fiberoptic cables are future proof. Fiberoptic cables can push far more than we are currently using them for, and will be able to stand the test of our ever increasing demands as our technology improves and our needs and reliance for connectivity increase.

Now we have the blockchain. Again, there’s a satisfaction that comes with the technology being used in some of the most popular blockchains - it does what we need it to do, mostly, for the demand that it currently serves. What happens, however, when we get to the point of where copper Internet services are being compared to fibre optics? What happens when these blockchains can no longer keep up with our demands? The future proof blockchain answer is Graphene.

Graphene is able to push over 3,000 transactions/second, versus Ethereum, currently at 25 (generous estimation) transactions/second. It may seem overkill, however if you were to ask yourself ten years ago if 650 mbps speeds were necessary, you’d have likely said the same thing - overkill.

Where one is satisfying the current demand of our usage of blockchain technology, the other is the fiberoptic cable answer that will provide the framework for our future needs. Bitshares, Steem & Peerplays are three major players who have already taken advantage of the power of Graphene.

Peerplays is built on Graphene so that it can handle the transactions of the users that will soon be using the network - peer to peer - without slowdowns or limitations.

Peerplays is ready for the future, are you?

Contribute to the ICO before May 14 to get in on the future, and be on your way to earning profits in the hottest cryptocurrencies available! -------------------> https://www.peerplays.com

Reposted with permission from an opinion article written by Robyn Wilkie on LinkedIn - https://www.linkedin.com/pulse/ethereum-copper-graphene-fiberoptic-peerplays-bitshares-wilkie?published=t