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Show HN: Ethereum Canvas – Draw on the blockchain

ethereumcanvas.com

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Re: Show HN: Ethereum Canvas – Draw on the blockchain

#11

Post by Florin_Andrei »

There's no way a single shared blockchain would be able to serve the whole world. The number of transactions per second is one thing. The size of the chain is another. If we all start throwing money transactions AND idle drawings into the same bucket, it will overflow.

Something needs to change. The current architecture clearly does not scale.

Maybe something more like Pascal Coin would be better able to scale up to become used worldwide for daily transactions.

EDIT: Before you downvote, I'd like to ask you a few questions. Are you invested in ETH or some other blockchain technology? And if you are, how does that color your thought process?

Re: Show HN: Ethereum Canvas – Draw on the blockchain

#12

Post by DalasNoin »

Florin_Andrei wrote: post #11

There's no way a single shared blockchain would be able to serve the whole world. The number of transactions per second is one thing. The size of the chain is another. If we all start throwing money transactions AND idle drawings into the same bucket, it will overflow. Something needs to change. The current architecture clearly does not scale. Maybe something more like Pascal Coin would be better able to scale up to…

Have a look into blockchain sharding. There is also Lightning and Plasma, though they are far less promising.

Re: Show HN: Ethereum Canvas – Draw on the blockchain

#19

Post by kordlessagain »

DalasNoin wrote: post #12
Florin_Andrei wrote: post #11

There's no way a single shared blockchain would be able to serve the whole world. The number of transactions per second is one thing. The size of the chain is another. If we all start throwing money transactions AND idle drawings into the same bucket, it will overflow. Something needs to change. The current architecture clearly does not scale. Maybe something more like Pascal Coin would be better able to scale up to…

Have a look into blockchain sharding. There is also Lightning and Plasma, though they are far less promising.

What is your rationalization for saying Lightning is not promising? I think that, given the state of the ecosystem, spreading opinion around as fact is not healthy.

Re: Show HN: Ethereum Canvas – Draw on the blockchain

#20

Post by DougN7 »

Florin_Andrei wrote: post #11

There's no way a single shared blockchain would be able to serve the whole world. The number of transactions per second is one thing. The size of the chain is another. If we all start throwing money transactions AND idle drawings into the same bucket, it will overflow. Something needs to change. The current architecture clearly does not scale. Maybe something more like Pascal Coin would be better able to scale up to…

I agree completely. A shared ledger is a great idea, but not when anyone can write almost anything into it. Then it starts turning into some sort of massive torrent that has to be synced around the world.
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