Re: Is any crypto truly scalable to a global scale? BTC, ETH, IOTA, DCR, PIVX...?
11. Most of the 3.0 tech being developed is really early stage (other than my own project Radix). Theory mainly and little code hence the 18 month window. I'm not even sure if they are announced publicly yet, just discussions I've had with people at events and meetups with ideas. I'll check with the developers before I name them.
Am I correct to assume that your Radix is 3.0 and not early stage?
I noticed that you're going to have 500,000 transactions/second. You rightfully pointed out the issues/limitation with side chains. How do you plan to achieve 500,000 trx/sec?
EOS claims that they will process millions of transactions per second by doing parallel processing. Parallel processing is difficult even when it is on a single computer. It takes large teams of programmers to build this into an operating system. I cannot see how it's easy or can be done on distributed nodes, especially by a small team at EOS. Do you know if this is feasible?
Radix is not early stage and there will be some news in July regarding its launch.
Yeah that 500,000 is a nice number to put on a graph and the website blurb based on how big we hope the network to be within about 12 months
In reality, the Radix tech scales linearly with network growth. So of course, at launch with only a handful of nodes, 500,000 is not attainable...as the network grows the throughput capability increases without bound. As a rule of thumb, every 10 nodes brings 1000 TPS, so with a network the size of Ethereum for example, throughput capability is in the millions.I refuse to comment on EOS specifically, so let me just say this...
Parallel processing is indeed very difficult, and was one of the main scalability issues we've spent 4 years developing a solution for. A block chain, of any form, can not do true parallel processing in a responsive and efficient manner...period.
If it was possible with a vertical architecture such as a block chain, I'd argue we would have found a way to do so already. Instead we realized quite early on that the solution was to ditch the block chain entirely and start fresh with a horizontal architecture designed for the job.