PSA: Looks like alpha.5 is out as a new test run.
Bumping this. Very interesting...20 second block times? That is almost as fast as full DPOS chains' 5 second tx times...
Let's see if it can scale to Visa Level transaction volumes like BitShares can. If so, it is a real competitor.
The issue is that with anything POW, every miner has to duplicate all of the transaction processing, so if it scales to VISA levels, then the cost of verification is basically equal to VISA's operating expenses times the number of miners.
Don't get me wrong, I think this has potential, but I think scaling anything based on proof of work to VISA levels will be prohibitively expensive unless it's centralized into just one or two mining pools.